The funding helps the company hit unicorn status with a valuation of over $1B. Here are the top-line bullets you need to know.
LetsGetChecked, a virtual care company, has raised $150M in a Series D. The round drew participation from Optum Ventures, HLM Venture Partners, Qiming Venture Partners, and Casdin Capital, among others.
How’s the company performing?
- Ireland-based LetsGetChecked provides at-home testing for 100+ conditions, such as cholesterol, diabetes, hyper/hypothyroidism, and Covid-19. Users can also order medications and receive follow-up care through its telehealth and pharmacy services.
- The company reported year-over-year revenue growth of 1,500% and has performed 2.3M tests to date.
- LetsGetChecked’s partners include United Healthcare, Optum, FSA Store, and CVS Pharmacy.
- The company has over 350 employees and has catered to over 300 corporate customers.
Source: LetsGetChecked
Why does the market matter?
- The direct-to-consumer (DTC) testing market is expected to grow at a CAGR of 14.2% and reach a value of $2.6B by 2025, according to BCC Research.
- Covid-19 has highlighted the need for improved healthcare infrastructure and chronic disease management as well as testing kits with no prescription requirements, contributing to the growth of the industry.
