Wheel Raises $150M in Series C Funding

Piggy bank Photo by Kwanchai Lerttanapunyaporn EyeEm Getty Images 36

Wheel was a Texas-based tech company that specializes in health and wellness. It raised $150m through Series C funding.

This round brought in $216m total funding, with a $50m Series A round in May 2021. It was co-led jointly by Lightspeed Venture Partners and Tiger Global and included participation from new investors Coatue and Salesforce Ventures, as well as existing investors CRV and Tusk Venture Partners.

The funding will be used by the company to invest further in its platform and expand its white-labeled diagnosis services. This allows companies to integrate direct-to-consumer lab testing and follow-up care. Wheel plans to increase its workforce, grow its clinician network, invest in its clinical platform and expand its continuing education and clinical onboarding programs.

Wheel, a tech company for health and wellness, is led by Michelle Davey (CEO and co-founder), which provides clinicians and companies with all the tools they need to provide care online. The company provides virtual-first care to some of the most innovative healthcare companies today, including digital health companies and clinical lab networks as well as tech companies. The platform’s technology and infrastructure are available to companies when they build upon it.

  • Assesses and triages the patient’s needs to determine the best care setting.
  • Matches the patient to the most qualified clinician for their care needs using more than a dozen attributes
  • Facilitates follow-up care if necessary
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