# Circle Medical Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/circle-medical-technologies

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.circlemedical.com
- Total disclosed funding: $2.9M
- Latest round: Seed (Nov 20, 2015)
- Investors on record: 8

## About

Circle Medical Technologies is an online medical clinic that specializes in providing telehealth services, focusing on primary care and mental health support for patients across the United States.Founded in 2015, Circle Medical Technologies operates as an online healthcare provider facilitating telehealth services. Located in San Francisco, US, the company was led by founder George Favvas, who has a history of entrepreneurial ventures. Circle Medical has raised a total of USD 3.5 mn across multiple funding rounds, with its most recent investment in November 2018, led by A Capital Partners and including participation from SV Angel, Collaborative Fund, and Y Combinator.Circle Medical operates as an online medical clinic specializing in telehealth services, primarily focusing on providing access to primary care and mental health support, including ADHD diagnosis and treatment. Their core offerings include virtual consultations with board-certified providers, enabling patients to receive care from home. The platform serves various demographics, including adults seeking mental health assistance and those requiring general healthcare services or specific treatments like hormone therapy and chronic care management. Available in multiple U.S. states, including California, New York, Texas, and Florida, the service accepts a variety of PPO insurance plans, enhancing accessibility. The technology facilitates same-day and next-day appointments, ensuring timely access to medical care in response to the growing demand for convenient healthcare solutions.Circle Medical’s revenue model is based on transactional billing for telehealth services. Patients are charged per visit, with initial appointments typically costing between USD 149 and USD 179, while follow-up visits are priced at USD 120. The company operates on a direct-to-consumer model without requiring a membership or additional fees. Patients utilizing accepted insurance plans report that 75% pay USD 40 or less for ADHD video appointments. Revenue is primarily generated through these consultations, supported by a user-friendly app that integrates appointment scheduling, prescription management, and patient communication, enhancing patient experience and facilitating sustained revenue growth as demand increases.Circle Medical Technologies plans to utilize the USD 3.5 mn raised in November 2018 to further develop its telehealth platform and expand its service offerings. The company aims to introduce new products tailored to enhance patient experience and is exploring geographic expansion into additional U.S. states. Specific targeted regions for this growth include expanding services to the Midwest and Southeast by late 2024. The recent funding is expected to support these initiatives, ensuring that Circle Medical continues to meet the evolving healthcare demands of its clientele.

## Funding rounds

- Seed, Nov 20, 2015, $2.9M — Tencent Investment, Kima Ventures, Y Combinator, Collaborative Fund, Real Ventures, Social Starts, Altair Capital, Fueled

## Investors

- Tencent Investment — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Seed
- Real Ventures — Seed
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed
- Altair Capital — Seed
- Fueled — Seed