XP Health, a San Carlos, CA-based company providing a digital-first vision care platform, raised $33.2M in Series B funding.
The round was led by QED Investors with other investors including Canvas Ventures, American Family Ventures, HC9 Ventures, Valor Capital Group, and Manchester Story, who were all also part of a $17.1M Series A round announced in fall 2022.
The company intends to use the funds to continue expanding its product offering, as well as increase its focus on Generative AI products that will improve the member experience and continue to reduce typical member friction points in vision care, such as reducing the time it takes for appointment scheduling and enhancing the digital shopping experience. In addition, it will deploy the funding to continue expanding its sales and marketing efforts, further empowering employers and distribution partners nationwide.
Led by CEO Antonio Moraes, XP Health provides a digital-first vision platform focused on eye exams and eyewear by using customer-centric design and technology to create a better member experience and improve access to care.
In the last two years, the company has expanded from 30 to 3000+ business customers, including DocuSign, Navistar, Chegg, Sequoia Consulting, and strategic partner Guardian Life Insurance.
FinSMEs
13/09/2024