Omada Health Raises $192M in Series E

Omada Health has successfully raised $192M in a Series E at a $1.9B valuation led by Cigna Ventures, Fidelity.

Company Overview

Omada Health is a HealthTech company headquartered in San Francisco, CA, founded in 2011 with 600+ employees.

Digital behavioral health programs

Fundraising Details

Amount Raised: $192M
Round Type: Series E
Valuation: $1.9B
Date: 2021-05-11
Investors: Cigna Ventures, Fidelity

About Omada Health

Digital behavioral health programs The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Francisco, CA
Founded: 2011
Team Size: 600+
Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Omada Health's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Omada Health's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.9B valuation marks an important milestone for Omada Health, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Omada Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2021-05-11. For more information about Omada Health, visit their headquarters at San Francisco, CA.