# Grand Rounds

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grand-rounds

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.grandrounds.com
- Total disclosed funding: $89M
- Latest round: Series C (Mar 31, 2015)
- Investors on record: 4

## About

Grand Rounds, Inc. provides healthcare navigation and virtual care solutions, focused on improving patient access to high-quality medical services through a comprehensive suite of telehealth offerings.Grand Rounds, Inc. specializes in healthcare navigation and virtual care, connecting patients to board-certified doctors and specialists. Founded in 2011 in San Francisco, US, the company has recently raised USD 103 mn in Series E funding, led by Carlyle Group. The firm has successfully completed a total of 6 deals, with the most recent funding round occurring on September 8, 2020, valuing the company at USD 1.22 bn. Founders Lawrence Hofmann and Owen Tripp have extensive backgrounds in healthcare and technology, contributing to the company’s growth trajectory.Grand Rounds offers a range of services that enhance the healthcare experience, including 24/7 virtual consultations with licensed medical professionals. Their services address various healthcare challenges, from billing management to referrals for specialized care, catering to employers, health plans, and public sector organizations across multiple states in the U.S.The company generates revenue through subscription models that provide clients, including employers and health plans, access to its extensive virtual care services and administrative support. This integrated solution combines primary care, behavioral health, and specialist services, optimizing patient outcomes while potentially reducing overall healthcare costs.With the recent funding of USD 103 mn from the Series E round, Grand Rounds, Inc. plans to enhance its clinical navigation and virtual primary care services. The company aims to expand its service reach into additional markets across the U.S. and potentially introduce new healthcare products, although specific new product launch dates have not been disclosed.

## Funding rounds

- Series C, Mar 31, 2015, $39M — Venrock, Greylock Partners, Harrison Metal, BlackRock
- Series B, Jun 23, 2014, $40M — Venrock, Greylock Partners, Harrison Metal
- Series A, May 21, 2013, $9.2M — Venrock, Harrison Metal
- Seed, Nov 1, 2011, $0.8M — Harrison Metal

## Investors

- Harrison Metal (https://capitalatlas.ai/funds/harrison-metal) — Seed, Series A, Series B, Series C
- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series C
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B, Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series C