The round was led by LTP, a Boston-based growth equity investment firm focused on healthcare IT, with participation from existing investors Optum Ventures and Qiming Venture Partners USA.
The company intends to use the funds to to continue scaling its consumer brand in diagnostics, as it currently serves the entire U.S., Canada and Europe, to accelerate development of the core technology platform and expandd manufacturing and logistical capabilities throughout North America.
Led by Peter Foley, CEO and founder, LetsGetChecked provides a direct-to-consumer at-home health testing platform that increases access to laboratory and self-testing. Users can order in-state physician-approved laboratory tests via LetsGetChecked.com or through partner retailers, including CVS, Walmart, Pharmaca, and McKesson online stores. Anonymized tests are then shipped from the company’s ISO accredited facility by next day delivery and individuals can complete and return the samples for rapid processing within as little as two days. Tests are performed by CLIA-certified reference labs.
Throughout the process, patients are connected with in-state board-certified physicians to discuss any abnormal results and determine the best course of action for treatment and care. Patients also receive a nurse call to discuss the results live, which can be accompanied by an e-prescription at no additional cost to the pharmacy of their choice.
LetsGetChecked’s portfolio of testing procedures currently includes wellness testing (cholesterol, thyroid, etc.), cancer screening, sexual health testing, fertility testing, genetic testing, and pharmacogenomic testing among others.
Partnered with connected health devices such as Apple Health, Fitbit and Garmin, LetsGetChecked provides customers access to a range of health data via its dedicated health dashboard. By combining lab results with real-time wearable data, users can receive risk assessments and scores such as their cardiovascular health and others to determine the probability of developing a heart attack within a given timeframe.
The company has integrated with large reference labs and health systems, and is building partnerships with a growing number of healthcare insurers for personalized screening and home testing procedures. For shipping and handling, LetsGetChecked has logistics partnerships with UPS, USPS and FedEx.
FinSMEs
09/05/2019