# Pair Team

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pair-team

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.pairteam.com
- Total disclosed funding: $22M
- Latest round: Series A (Oct 6, 2023)
- Investors on record: 17

## About

Pair Team is a US-based company focused on providing post-discharge support services to enhance care coordination and address the behavioral health needs of high-risk patients.Founded in 2019 in San Francisco, US, Pair Team specializes in post-discharge support services. The company was established by Cassie Choi and Neil Batlivala, with Neil currently serving as CEO. Pair Team has secured a total of USD 19.68 mn in Series A funding led by Next Ventures, with notable participation from several investors. The latest funding round took place on October 6, 2023, and aligns with their goal of expanding service capabilities.Pair Team offers a comprehensive suite of post-discharge support services designed to enhance care coordination and address the behavioral health needs of high-risk patients. Central to their offerings is the Enhanced Care Management (ECM) program, which facilitates the seamless integration of medical and social services for underserved communities. Key services include dedicated care management, virtual urgent care, grocery delivery, and housing support, all provided at no cost to hospitals or patients. Pair Team primarily serves hospitals, community-based organizations (CBOs), and local care teams, ensuring that vulnerable populations receive necessary support in various settings, such as shelters and hospitals. The company focuses on markets across the United States, leveraging partnerships with local organizations to provide tailored care solutions that meet specific community needs.Pair Team's revenue model is structured around partnerships with hospitals and community organizations, allowing for the provision of their services at no direct cost to patients. Revenue is generated through the Enhanced Care Management (ECM) benefit of Medi-Cal, which funds their comprehensive care offerings. The business operates on a B2B model, where hospitals and CBOs collaborate with Pair Team to deliver wraparound care for high-risk patients. This arrangement often includes a combination of direct service agreements and collaborative funding initiatives that ensure sustainable revenue streams. While specific pricing plans for individual services are not publicly disclosed, the company emphasizes a focus on creating value for both healthcare providers and the communities they serve through effective care coordination and reduced hospital readmissions.In October 2023, Pair Team raised USD 19.68 mn in Series A funding to enhance its service offerings and expand operations. The funding will be utilized to support expansion efforts in California and to hire additional team members. The company aims to broaden its reach and enhance its service capabilities to better serve high-risk patients across more regions.

## Funding rounds

- Series A, Oct 6, 2023, $20M — Kleiner Perkins, OCA Ventures, Kapor Capital, Y Combinator, CHCF Health Innovation Fund, Augment Ventures, NVP Capital, Gaingels, Next Ventures, PTX Capital, Create Health Ventures
- Seed, Dec 9, 2020, $2.7M — Kleiner Perkins, Y Combinator, Craft Ventures
- Seed, Sep 10, 2019 — Kleiner Perkins, Valley Oak Investments, Liquid 2 Ventures, Friále, Craft Ventures, Hack VC, Alix Ventures

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A
- Valley Oak Investments (https://capitalatlas.ai/funds/valley-oak-investments) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Friále (https://capitalatlas.ai/funds/friale) — Seed
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Alix Ventures (https://capitalatlas.ai/funds/alix-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- OCA Ventures (https://capitalatlas.ai/funds/oca-ventures) — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- CHCF Health Innovation Fund (https://capitalatlas.ai/funds/chcf-health-innovation-fund) — Series A
- Augment Ventures (https://capitalatlas.ai/funds/augment-ventures) — Series A
- NVP Capital — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Next Ventures (https://capitalatlas.ai/funds/next-ventures) — Series A
- PTX Capital (https://capitalatlas.ai/funds/ptx-capital) — Series A
- Create Health Ventures (https://capitalatlas.ai/funds/create-health-ventures) — Series A