# Believe Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/believe-health

- Industry: Healthcare IT
- Headquarters: New York, US
- Website: www.tomorrowhealth.com
- Total disclosed funding: $83M
- Latest round: Series B (Jun 29, 2022)
- Investors on record: 6

## About

Based in the US, Believe Health operates as a technology-driven platform that streamlines home-based healthcare, ensuring that patients receive vital medical services in the comfort of their homes.Believe Health is a healthcare technology company established in 2018 and headquartered in New York, US. It focuses on enhancing the efficiency of home-based care delivery. The company was co-founded by Gabriel Flateman and Vijay Kedar, who also serves as the CEO. Believe Health has successfully completed three funding deals, with its most recent major funding round being a Series B in June 2022, where it raised USD 50.00 mn, led by Bond and participated by Andreessen Horowitz, BoxGroup, and Obvious Ventures. The total amount raised by the company to date stands at USD 50.00 mn with a current valuation of USD 346.32 mn.Believe Health specializes in technology solutions that facilitate the ordering, delivery, and payment of home-based care. Their core offerings connect various stakeholders in the healthcare ecosystem—providers, health plans, and home-based care suppliers—ensuring that patients receive necessary care at home. The platform enhances process efficiency, communication among providers, and access to ongoing medical support, targeting the US market with a diverse clientele of healthcare providers and insurance plans.Believe Health generates revenue through partnerships with health plans and care providers, utilizing its platform to manage patient care orders and logistics. The business is structured around B2B relationships, where revenue is earned through service agreements and transaction fees associated with these partnerships. Specific pricing structures are not disclosed, though offerings likely vary based on patient volume and care complexity, enhancing care delivery in the home-based care market.In June 2022, Believe Health raised USD 60.00 mn in Series B funding, led by Bond, to expand its partnerships with various healthcare programs and invest in market technologies. The funding will also facilitate growth into new markets. The company aims to develop and launch upcoming technology solutions to further streamline home healthcare services, enhancing patient care, and is focused on establishing a presence in additional geographic regions to better serve the evolving needs of the healthcare landscape.

## Funding rounds

- Series B, Jun 29, 2022, $50M — Andreessen Horowitz, BoxGroup, Sound Ventures, Obvious, Bond
- Series A, Apr 15, 2021, $25M — Andreessen Horowitz, BoxGroup, Obvious, Four Acres Venture Capital
- Seed, Apr 28, 2020, $7.5M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A, Series B
- Obvious (https://capitalatlas.ai/funds/obvious) — Series A, Series B
- Four Acres Venture Capital (https://capitalatlas.ai/funds/four-acres-venture-capital) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series B
- Bond (https://capitalatlas.ai/funds/bond) — Series B