Business
Scale Venture Partners and Insight Partners led the financing with participation from Greenoaks, Kleiner Perkins, Threshold Ventures, CRV, Innovation Endeavors and Susa Ventures.
The startup's platform now covers more than 20 million lives and is available worldwide.
The Palo Alto startup said that 2020 was its strongest year to date.
The company is now valued at more than $1.6 billion.
Grand Rounds' CEO Owen Tripp will continue on as the CEO of the combined entity.
The funding will go towards expanding mental health provision for post-pandemic Britain.
SmileDirectClub taps NexHealth's EHR API; Digital pathology companies partner on prostate cancer detection.
The company gained Karuna’s team, customers, technology and insights through the deal.
This Series C comes less than a year after the startup closed its $200 million Series B in 2020.
The company boasted strong revenues and membership growth but took a hit in its GAAP net income.