Originally published by FinSMEs on March 16, 2023
OpenLoop, a Des Moines, IA-based provider of white-label telehealth support services, raised $15M in Series A funding.
The round was led by Nava Ventures, with participation from new investors UnityPoint Health Ventures and PrimeTime Ventures, and existing investors SpringTide Ventures and ManchesterStory.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Jon Lensing and COO Dr. Jon Lensing, OpenLoop is a Telehealth startup that provides a comprehensive nationwide payer coverage network, offering clients everything they need from first visit to final payment. Its network of 6000+ certified clinicians spans all 50 states, offers 30+ digital health specialties and speaks 15 different languages. The company also offers technology customized for healthcare companies and their patients. Their API-driven platform can be aligned to meet brand needs and securely houses patient PII with its built in HIPAA compliance software. Clinicians can manage appointments, write prescriptions, chart notes and handle booking and payments all in one place.
In the last year, the network has reached 10,000 providers, they have signed over 80 new clients and have increased internal headcount by 640%.