# PeerWell

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

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.peerwell.co
- Total disclosed funding: $8.6M
- Latest round: Series A (Jul 3, 2019)
- Investors on record: 3

## About

PeerWell, Inc. is a healthcare technology company dedicated to improving the recovery process for injured workers through innovative digital solutions that enhance patient engagement and streamline rehabilitation.Founded in 2014 in San Francisco, US, PeerWell, Inc. focuses on providing digital health solutions to facilitate recovery for injured individuals. The company was acquired by Bardavon Health Innovations, Inc. in June 2022, enhancing its operational capabilities. The founders, Evan Minamoto and Navin Gupta, have a background in developing healthcare technologies and previously founded other companies in the industry. PeerWell has successfully raised a total of USD 6.50 mn through its latest funding round, the Series A, led by OMERS Ventures, resulting in a current company valuation of USD 27.97 mn.PeerWell, Inc. specializes in offering a digital platform that connects injured workers with tailored recovery programs. The service includes patient-centric resources aimed at educating users about their injuries and rehabilitation processes. The platform enhances engagement through personalized digital tools while streamlining interactions among payers, case managers, and clinical coaches. PeerWell serves a wide range of clients, including employers and insurance firms, focusing on improving outcomes in workers' compensation cases.PeerWell's revenue model is primarily based on partnerships with employers and insurers, centered around service contracts for providing recovery support to injured employees. This model is designed to align with industry standards, allowing for personalized treatment plans and ongoing coaching support. While specific pricing details are not disclosed, the focus is on effective service delivery that optimizes recovery speeds and engages patients in their treatment journey.PeerWell, Inc. aims to expand its digital health offerings by developing new products to enhance the recovery experience for injured workers. The company plans to enter new geographical markets across the United States by the end of 2023, leveraging recent funding from the Series A round to support these initiatives. The acquisition by Bardavon Health Innovations, Inc. in June 2022 is expected to bolster PeerWell's capabilities in delivering integrated recovery solutions and expand its reach in the healthcare market.

## Funding rounds

- Series A, Jul 3, 2019, $6.5M — X/Seed, OMERS Ventures
- Seed, Nov 2, 2016, $2.1M — X/Seed, The House Fund

## Investors

- X/Seed (https://capitalatlas.ai/funds/x-seed) — Seed, Series A
- The House Fund (https://capitalatlas.ai/funds/the-house-fund) — Seed
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series A