NEW YORK--(BUSINESS WIRE)--Sesame, the direct-pay healthcare marketplace, announced today that it has raised an additional $24 million, including new investments from Giant Ventures, Industry Ventures and Coefficient Capital. Existing investors General Catalyst, Entree Capital, and Atreides Management have also contributed additional funds to help Sesame scale. The latest funding brings Sesame’s total capital raised to just under $50 million since its founding in 2019.
“Only radical simplicity will fix a complex system like healthcare,” said Sesame CEO and Co-founder David Goldhill. “Right now, the healthcare industry works really well if you’re an insurance company or a hospital. But not if you’re a patient or a doctor. We’re changing that every single time a patient finds, books, and pays for care directly on Sesame.”
Sesame will use the new funding to strengthen its dynamic, full-scope marketplace and expand its nationwide telehealth offerings and in-person care. This latest funding follows Sesame’s successful expansion into national telehealth coverage to complement its comprehensive in-person offerings. With over 1,000 providers treating patients across all 50 states, Sesame’s business has grown 25x in the past year. Sesame is launching prescription medication delivery this month, giving cash-pay patients convenient access to affordable medication.
Cameron McLain, Managing Partner of Giant Ventures, said: “What the Sesame team has built in the last year has the promise to completely transform the direct-pay healthcare space. US healthcare has historically been defined by exclusivity and complexity. Sesame is our best shot at changing that as they build a healthcare ecosystem defined by quality, inclusivity, and broad accessibility for all.”
Sesame is a direct-pay healthcare marketplace where patients pay doctors directly for affordable, quality care. Through its dynamic marketplace, Sesame gives patients a quality, full-scope healthcare experience across all levels of care, including telehealth, prescriptions, and in-person care. With over 1,000 providers treating patients in all 50 states, Sesame is the fastest-growing cash-pay healthcare marketplace in the country, facilitating thousands of in-person and telehealth visits every month. Visit www.sesamecare.com for more information.