What is Workit Health?
Workit Health operates as an addiction healthcare B-corporation, delivering online, on-demand treatment solutions. Their offerings include telehealth services and medication for opioid use disorder, blending human-centered design, technology, and scientific principles. The company partners with healthcare organizations to deploy its innovative digital health platform, enabling members to connect with clinicians and coaches via mobile and web applications, facilitating personalized recovery goals and fitting seamlessly into daily life.
How much funding has Workit Health raised?
Workit Health has raised a total of $136.3M across 5 funding rounds:
Angel/Seed
$1.1M
Series A
$5M
Debt
$150K
Series B
$12M
Series C
$118M
Angel/Seed (2016): $1.1M with participation from Montage Ventures and Lux Capital
Series A (2019): $5M led by Wakestream Ventures, Endeavor Global, Montage Ventures, Lux Capital, BlueCross BlueShield Venture Partners, RRE Ventures, and Invest Detroit
Debt (2020): $150K supported by PPP
Series B (2020): $12M featuring FirstMark Capital LLC, BlueCross BlueShield Venture Partners , L.P., Rob Lowe, Lux Capital, and GingerBread Capital LLC
Series C (2021): $118M backed by BCBS Venture Fund, FirstMark Capital, CVS Health Ventures, Insight Partners, and 3L Capital
Key Investors in Workit Health
Lux Capital
Lux Capital is a New York based venture capital firm that raises dedicated funds to invest in earlystage and growthstage companies at the intersection of science and technology, backing founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials from seed through IPO or acquisition.
BlueCross BlueShield Venture Partners
BlueCross BlueShield Venture Partners manages over $500 million in capital across three funds. The Funds work collaboratively with 29 different BCBS entities to invest in promising, emerging companies of strategic relevance to Blue Cross and Blue Shield Plans.
Insight Partners
GO is a private platform purpose-built for Insight Partners' portfolio company leaders. GO unifies our 500+ software portfolio companies to foster connections, strengthen leadership, expand their brain trust, and provide support as they scale.
What's next for Workit Health?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Workit Health. This capital infusion is expected to accelerate the expansion of their digital health solutions, enhance their service offerings, and broaden their reach within the addiction treatment sector. The company is well-positioned to further solidify its market leadership by scaling its innovative approach to recovery, potentially exploring new therapeutic modalities and strategic partnerships to address the critical need for accessible addiction care.
See full Workit Health company page
