Juno Medical, Backed by Serena Williams, Secures $12M in Series A Funding
Virtual and in-office healthcare provider Juno Medical has raised $12 million in a Series A funding round co-led by tennis star Serena Williams, Managing Partner of Serena Ventures, and Julian Eison , managing partner of NEXT VENTURES.
Vast Ventures, which led the Juno round, also participated in the Series A funding alongside Empire State Development’s New York Ventures, Genius Guild, TXV Partners, Gaingels and previous investors Humbition and Atento Capital.
Latest investment brings Juno Medical total increased to $28.4 millionaccording to Crunchbase.
WHAT HE DOES
Juno Medical is a healthcare service provider that offers onsite appointments with physicians at its two New York-based physical facilities and virtual services for patients in New York and Georgia.
The company offers individual and family care, wellness, specialty care, and on-site labs and imaging services.
The funds will be used to expand into new markets and hire new suppliers. The company plans to open new clinics in historically marginalized communities, including East Atlanta, the Greenwood district of Tulsa, Oklahoma and the city of Inglewood, California, near Los Angeles. Juno will also use this investment to expand its technology platform.
“We are honored to partner with Juno to grow their model of an inclusive, full-service nursing home where people from all walks of life feel seen, heard and welcome,” Williams said in a statement. “There is a serious need to address the issues of equity in health care, mental health and wellbeing services that many communities face. Juno and its talented team have the vision, the model and the track record to disrupt the unacceptable status quo in healthcare.
MARKET OVERVIEW
Several companies offer clinics focused on providing care to specific populations.
Virtual Specialty Care Society Oak Street Health is a chain of primary care clinics geared towards the Medicare population. Company Acquired Virtual Specialist Care Provider Rubicon® up to $190 million in 2021.
Tia, a hybrid provider focused on women’s health, announced the May opening of the first of 10 planned physical clinics in the Bay Area. He also announced a partnership with UCSF Health. The organizations would build a network of integrated clinics to make it easier for patients to coordinate specialty and hospital care at UCSF.
Other companies in the hybrid care space include A medicala membership-based primary care organization that offers virtual care and in-person visits. Amazon has announced its intention to acquire One Medical in an all-cash deal worth around $3.9 billion earlier this year.
