# PatientsLikeMe

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

- Industry: Healthcare IT
- Headquarters: Cambridge, US
- Website: www.patientslikeme.com
- Total disclosed funding: $5M
- Latest round: Series A (Feb 5, 2007)
- Investors on record: 2

## About

Based in the US, PatientsLikeMe LLC operates a health-focused platform that connects individuals managing chronic health conditions, empowering them to share experiences and insights for better healthcare decisions.PatientsLikeMe LLC is a health technology company dedicated to improving the lives of patients with chronic conditions through a robust online community. Founded in 2004 in Cambridge, US, the company has undergone significant growth and innovation in its approach to patient engagement. Chris Renfro-Wallace serves as the CEO. In February 2021, PatientsLikeMe raised USD 26 mn in funding, co-led by Alta Partners, Optum Ventures, PBM Capital Group, and Symphony Ventures, marking a continued interest in the company's mission. This funding brings the total amount raised to USD 26 mn over six deals, highlighting sustained investor confidence.PatientsLikeMe offers a platform designed to support individuals managing various health conditions by facilitating connections among over 850,000 members. The core functionalities of the platform include allowing users to share personal health experiences, track symptoms and treatments, and access insights from others facing similar health challenges. This collaborative approach aims to empower users to make informed decisions about their healthcare while providing a space for emotional support and community engagement. The primary target audience comprises patients dealing with chronic conditions across diverse geographical markets, including North America, Europe, and parts of Asia, aiming to address a wide range of over 2,800 health conditions. By fostering a network of shared experiences, PatientsLikeMe addresses critical issues such as loneliness and lack of information in patient care.PatientsLikeMe generates revenue through a combination of partnerships, subscription services, and potential collaborations with healthcare providers and researchers. The business model focuses on creating value for both users and healthcare stakeholders, potentially involving subscription fees for premium features or access to detailed health insights aggregated from the user community. Additionally, the platform may engage in business-to-business transactions by providing data-driven solutions to pharmaceutical companies and healthcare organizations interested in understanding patient experiences and treatment outcomes. While specific pricing plans and revenue figures are not disclosed, the company’s offerings revolve around enhancing patient engagement and support, leveraging user-generated data to drive healthcare advancements.In February 2021, PatientsLikeMe raised USD 26 mn in venture funding to enhance its support for individuals managing significant health conditions. The company plans to utilize this funding to expand its platform features and possibly introduce new tools aimed at improving patient experience and health management. Additionally, PatientsLikeMe is looking to extend its reach into new geographical markets, though specific regions have not been disclosed. The firm’s strategy will likely focus on further developing its online community and leveraging its platform for better patient outcomes.

## Funding rounds

- Series A, Feb 5, 2007, $5M — Collaborative Seed and Growth Partners, Invus Financial Advisors

## Investors

- Collaborative Seed and Growth Partners — Series A
- Invus Financial Advisors (https://capitalatlas.ai/funds/invus-financial-advisors) — Series A