# Upstream Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upstream-care

- Industry: Healthcare IT
- Headquarters: Greensboro, US
- Website: www.upstream.care
- Total disclosed funding: $185M
- Latest round: Series B (Dec 1, 2022)
- Investors on record: 5

## About

Based in the US, Upstream Care operates as a healthcare technology company focused on enhancing patient engagement through innovative solutions and streamlined care management.Founded in 2018, Upstream Care provides advanced healthcare solutions designed to improve patient engagement. Headquartered in Greensboro, US, the company has secured USD 140.00 mn in Series B funding as of December 2022, led by Dragoneer Investment Group and Coatue Management, among others. Founders Fergus Hoban and Sanjay Doddamani have a history of fostering innovation in healthcare technology. Upstream Care has completed 2 deals to date, with a current valuation of USD 726.71 mn.Upstream Care specializes in delivering innovative healthcare solutions that enhance patient engagement and streamline care management. Its core offerings include a comprehensive digital platform for remote patient monitoring, telehealth services, and personalized health management tools. The platform addresses challenges in chronic disease management, ensuring timely interventions and support from healthcare providers. The company's diverse client base comprises healthcare providers, insurance companies, and patients in North America and select European markets.Upstream Care generates revenue through a subscription-based model, where clients pay for access to its digital platform and services. Agreements with healthcare providers and insurance payers enable integration into existing care delivery systems. This B2B model fosters scalable partnerships and predictable revenue streams, with tiered pricing plans based on service levels, focusing on robust monitoring capabilities and telehealth functionalities.In December 2022, Upstream Care raised USD 140.00 mn in Series B funding to develop its healthcare technology concept and connect with physicians across the country, focusing on enhancing the lives of older patients. The company is strategizing to launch new products aimed at expanding its service capabilities. Plans for future growth include entering additional markets in Europe and North America, with specific regions targeted for expansion by the end of 2024.

## Funding rounds

- Series B, Dec 1, 2022, $140M — Coatue Management, Dragoneer Investment Group, Mubadala Capital, Define Ventures, Avidity Partners Management
- Series A, Nov 17, 2021, $45M — Dragoneer Investment Group

## Investors

- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series B
- Define Ventures (https://capitalatlas.ai/funds/define-ventures) — Series B
- Avidity Partners Management — Series B