# Hazel Health

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

- Industry: Healthcare IT
- Headquarters: Irving, US
- Website: www.hazel.co/
- Total disclosed funding: $85M
- Latest round: Series C (Oct 27, 2022)
- Investors on record: 12

## About

Hazel Health, Inc. is a US-based company that provides telehealth services, focusing on mental and physical well-being for K-12 students through accessible online medical care and therapy.Founded in 2015 in Irving, US, Hazel Health, Inc. specializes in telehealth services. The company has engaged in 4 deals, with its most recent funding round occurring on June 11, 2024. It raised USD 1.4 mn from UnitedHealthcare, bringing the total amount raised to USD 1.4 mn. The CEO is Josh Golomb, and the founder is Nick Woods.Hazel Health offers a comprehensive suite of telehealth services aimed at enhancing the physical and mental well-being of K-12 students. Central to their offerings are online medical care and online therapy, allowing students access to pediatricians and licensed therapists through digital platforms. These services address a wide range of health issues, from allergies to anxiety, facilitating continuous engagement in learning and ensuring timely care regardless of location—whether at school or home. Hazel Health partners with school districts across 19 states, serving 180 districts and over 5 million students, making their services widely accessible to families in need of quality healthcare solutions.The revenue model for Hazel Health is primarily structured around partnerships with school districts and health plans, enabling them to provide their services at no cost to families. Transactions are typically initiated through service agreements with educational institutions, where Hazel Health collaborates to implement their telehealth programs. The company’s services include both physical and mental health care, thereby creating a holistic health solution for students. By leveraging these partnerships, Hazel Health maintains a sustainable operational framework that focuses on delivering impactful health care solutions without direct costs to end users.In June 2024, Hazel Health, Inc. raised USD 1.4 mn in venture funding from UnitedHealthcare. The company will utilize this funding to accelerate its service features and offerings. Future growth plans include launching new products aimed at enhancing their telehealth capabilities and expanding into additional markets. Specific geographic regions targeted for expansion will be detailed as the company further develops its strategic initiatives.

## Funding rounds

- Series C, Oct 27, 2022, $52M — Bain Capital, HLM Venture Partners, CHCF Health Innovation Fund, Memorial Hermann Health System Foundation, Uprising, OWL Ventures, Tao Capital Partners, Centene Corporation, UCSF Foundation Investment Company, Firework Ventures, Hopelab
- Series C, Sep 1, 2020, $34M — Bain Capital, Regents of the University of California, Uprising, OWL Ventures, Centene Corporation

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C
- Regents of the University of California — Series C
- Uprising (https://capitalatlas.ai/funds/uprising) — Series C
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series C
- Centene Corporation — Series C
- HLM Venture Partners (https://capitalatlas.ai/funds/hlm-venture-partners) — Series C
- CHCF Health Innovation Fund (https://capitalatlas.ai/funds/chcf-health-innovation-fund) — Series C
- Memorial Hermann Health System Foundation — Series C
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series C
- UCSF Foundation Investment Company — Series C
- Firework Ventures (https://capitalatlas.ai/funds/firework-ventures) — Series C
- Hopelab — Series C