# CirrusMD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cirrusmd

- Industry: Healthcare IT
- Headquarters: Denver, US
- Website: www.cirrusmd.com
- Total disclosed funding: $46M
- Latest round: Series C (Mar 31, 2021)
- Investors on record: 10

## About

CirrusMD Inc. is a US-based company providing a physician-first virtual care model, facilitating immediate health consultations through a chat-enabled platform, aimed at enhancing patient health journeys and chronic condition management.Founded in 2012, CirrusMD Inc. operates from its headquarters in Denver, US, offering a virtual care model that connects patients with physicians. The company was co-founded by Andrew Altorfer and Blake McKinney. In March 2021, CirrusMD raised USD 20 mn in Series C funding led by BlueCross BlueShield Venture Partners, involving participation from returning investors Colorado Impact Fund and Drive Capital. This round marked the company's total funding raised at USD 20 mn across 7 deals.CirrusMD provides a physician-first virtual care model designed to streamline the patient health journey by integrating medical consultations with access to various health benefits and resources. Their chat-enabled smart technology platform allows patients to connect with physicians in under a minute for immediate care guidance. The service focuses on managing chronic conditions, where over 75% of healthcare costs are incurred, primarily serving self-insured employers, health plans, and benefits consultants in the US.CirrusMD generates revenue through partnerships with employers and health plans, using a subscription-based model for their virtual care services. Clients pay a fee to access the platform, enabling employees to utilize the service without additional out-of-pocket expenses during consultations. Their pricing structure is aimed at enhancing benefit utilization and reducing overall healthcare costs for organizations, thereby positioning CirrusMD favorably within the telehealth sector.Following the Series C funding raised in March 2021, CirrusMD Inc. plans to expand its solution capabilities, enhance user and provider experiences, increase scalability, and support employer and health plan customers. The funding will drive further development of their technology and potentially facilitate entry into new markets, although specific regions or new products have yet to be publicly detailed.

## Funding rounds

- Series C, Mar 31, 2021, $20M — BlueCross BlueShield Venture Partners, 7wireVentures, Drive Capital, Colorado Impact Fund
- Series B, May 2, 2019, $15M — Drive Capital, Colorado Impact Fund
- Series A, Jun 20, 2017, $7M — Sand Hill Angels, Rockies Venture Fund, Bootstrap Venture Partners, Colorado Impact Fund, Service Provider Capital, Three Leaf Ventures, New York Angels
- Seed, Jan 20, 2017, $1.8M — Bootstrap Venture Partners
- Seed, Mar 14, 2016, $1.1M — Sand Hill Angels, Rockies Venture Fund, Three Leaf Ventures, New York Angels
- Seed, Jan 14, 2015, $1.5M — Sand Hill Angels, Rockies Venture Fund, Three Leaf Ventures, New York Angels

## Investors

- Sand Hill Angels (https://capitalatlas.ai/funds/sand-hill-angels) — Seed, Series A
- Rockies Venture Fund (https://capitalatlas.ai/funds/rockies-venture-fund) — Seed, Series A
- Three Leaf Ventures (https://capitalatlas.ai/funds/three-leaf-ventures) — Seed, Series A
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Seed, Series A
- Bootstrap Venture Partners (https://capitalatlas.ai/funds/bootstrap-venture-partners) — Seed, Series A
- Colorado Impact Fund (https://capitalatlas.ai/funds/colorado-impact-fund) — Series A, Series B, Series C
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Series A
- Drive Capital (https://capitalatlas.ai/funds/drive-capital) — Series B, Series C
- BlueCross BlueShield Venture Partners (https://capitalatlas.ai/funds/bluecross-blueshield-venture-partners) — Series C
- 7wireVentures (https://capitalatlas.ai/funds/7wireventures) — Series C