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