Health app Heal raises $75m in venture capital, attracts celebrity backers

Ben Heathcote | October 31, 2019

App Deals

Heal, a healthcare company that provides doctor house calls through an app, has reportedly raised a total of $75 million in venture capital funding to date. The four-year-old startup has also attracted celebrity backers including Lionel Richie and former Florida governor Jeb Bush.

Described as “a concierge service for health care”, Heal currently operates in major markets including New York, California and Georgia, with CEO Nick Desai predicting that the company will make 100,000 house calls this year. Users input their personal details and credit card information and are then able to request a doctor in their local area.

Heal attracted investment from Lionel Richie at seed stage while Jeb Bush joined the company’s board in 2018. Last month, Heal announced its expansion into new York City with the acquisition of Doctors on Call (DOC).

The startup is on a mission to make healthcare a more personal and convenient experience to improve healthcare outcomes.

“It’s a concept for health care that is so simple, so cost effective and so personal,” Lionel Richie told CNBC. “Patients love the individualized attention. Doctors love the fact they can practice medicine without all the administrative paperwork and expense of operating an office or clinic.”

Heal has reportedly grown revenues 310% over the past 12 months and plans to expand the service to other communities in the near future. Its key investors include Fidelity, Breyer Capital, Slow Ventures, former Qualcomm CEO Paul Jacobs, Glenview Capital, IRA Capital and TransPacific Technology Fund.

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