Investor

Flare Capital Partners' Ian Chiang describes the key capabilities of a value-based care enablement platform for providers, highlights successful platform examples and offers a framework for entrepreneurs seeking a provider partner.

The new money will be put towards launching the company's clinics and digital platform. 

Flaner's newly acquired employees will be housed in a new "Tech Hub" the Brazil-grown unicorn will be establishing in Lisbon. 

As part of the program two startups will each get €2 million ($2.22 million) in funding. 

This year's cohort includes 27 companies that are working on everything from digital therapeutics to care coordination tools, to clinician workflow platforms, to opioid alternatives. 

Scale Venture Partners headed the round, which comes roughly a year and a half after OM1's $21 million Series B.

Health Venture Partners led the round with participation from Breyer Capital, Kenan Turnacioglu and other funders.

The company plans on using the new funds to expand its services to new locations. 

The latest round brings Bright Health's fundraising total to more than $1 billion.

The deal follows on the company's 2018 acquisition of AI nutrition app Nutrino.