Investor
LiveBetter also announced its plans to transition into a nonprofit.
As part of the deal Flare Capital Partners' Bill Geary will be joining the board of directors.
The Californa company will be strengthening its proprietary member-data platform and plan offerings.
Although it's still operating in the red, the digital chronic disease management company logged 149% revenue growth in 2019.
The timing and pricing of the Seattle company's IPO are yet to be determined.
The company formerly focused its efforts on enabling chronic pain management care.
As part of deal, a16z's Julie Yoo will be joining the company's board.
During its latest earnings call, the remote care company highlighted its new offerings for enterprise customers and discussed how it's been preparing for an increase in infectious disease cases.
Caravan has acquired the startup's tech, staff and customers.
The round was led by Khosla Ventures with participation from Founders Fund, Green Innovations, Lachy Groom, Vesalius Biocapital and Faber Ventures.