Bicycle Health, a Boston, MA-based provider of virtual opioid addiction treatment, raised $50m in Series B funding.
The round, which brought total funds raised to $83m, was led by InterAlpen Partners, with participation from existing investors Questa Capital, Frist Cressey Ventures, and City Light Capital.
The company intends to use the funds to continue growing the team of clinical and technology innovators, advance its virtual care platform, expand access to its care through strategic partnerships, and develop research into the efficacy and outcomes of its virtual, Medications for Addiction Treatment (MAT) model for patients at all steps of their OUD recovery journey.
Founded in 2017 by Ankit Gupta, CEO, Bicycle Health is a provider of virtual opioid addiction treatment, reducing OUD symptoms in over 15,000 patients and saving the healthcare system over $1.1 billion. The company currently offers the largest national coverage and is available across the most number of states, expanding into its 25th, Delaware, in May 2022.
Today, Bicycle Health has served over 15,000 patients across 25 states.
FinSMEs
07/06/2022