Posted By Gbaf News
Posted on March 29, 2018
Funding To Support Product Innovation and Expansion of Clinical Support Team
LetsGetChecked, the medical health testing platform that allows customers to access regulated laboratory testing and self-test from the comfort of home, today announce the closing of $12 million (€9.7 million) in Series A funding. Led by Optum Ventures, the independent venture fund of health services leader Optum, and Qiming Venture Partners, a leading Chinese venture capital firm, the funding will be used to scale the company, fuel development of the technology platform linking customers to laboratories, and grow the full clinical support team.
LetsGetChecked was founded in 2014 by Peter Foley with the idea of using technology and logistics to bridge the gap between traditional lab testing and consumers. Since inception, the company’s portfolio of testing options has expanded to include lifestyle testing, cancer screening, sexual health testing and fertility and hormone testing.
“Support from investors with proven track records of helping to modernize healthcare like Optum Ventures and Qiming Venture Partners is a true testament to the work we’re doing,” said Peter Foley, founder of LetsGetChecked. “With easier access to testing, individuals can change how and when they are diagnosed, leading to better clinical outcomes. Our goal is to provide individuals with greater control of their health through accessible technology and to continue partnering with more labs and health systems, to bring more specialized testing direct to consumers.”
The LetsGetChecked platform connects users with a wide range of medical professionals, as well as a global network of laboratory partners and logistical support all from a personal health account. With its patient-led approach, a user can order a physician approved laboratory test without having to deviate from their day to day. The test-kit is dispatched directly from a LetsGetChecked ISO accredited facility and will arrive at the patient’s home within a matter of days. The test-kits are completely anonymised, containing only a patient identifier to maintain privacy and confidentiality.
All patient requests and results are reviewed by a board-certified physician thereby mirroring what happens in a doctor’s office–only in the virtual sense. If a patient receives ‘positive’ or ‘out of range’ results, a member of the nursing team contacts the patient to provide support. Only after that call has been completed will results be released to the patient’s dashboard where they can track and manage their results over time.
“At-home lab testing is the next logical step in building a consumer-friendly, patient-centric system,” said AG Breitenstein, Partner at Optum Ventures. “LetsGetChecked is poised to become a leader in bringing easy-to-access and powerful lab testing to consumers everywhere, and we look forward to helping them achieve that.”
“At Qiming we are dedicated to investing in companies that solve real-life problems and have international scale,” added Mark McDade at Qiming Venture Partners. “We’re excited to help the company grow at a time when people want more control over their own health.”
For more information about LetsGetChecked, please visit www.letsgetchecked.com.
