Prosper Medical Raises $16M to Bring AI-powered Concierge Care to All

SAN FRANCISCO--(BUSINESS WIRE)--Prosper Medical today announced $16 million in financing to scale its AI-powered concierge primary care platform. The company was founded by Ryan McQuaid and James Wantuck, MD, who previously built and sold PlushCare, one of the country's first direct-to-consumer telehealth platforms, for $450 million. Now they're back, and they’re using AI to address one of healthcare’s most persistent challenges: delivering personalized, seamless primary care at scale.

While telemedicine made healthcare more convenient, McQuaid and Wantuck came away with a larger realization: convenience alone doesn't solve the primary care crisis. The real problem is a trusted relationship. Most Americans don't have a physician who knows them well, really listens to them, and cares about them. That kind of care has always existed, but for most people it's been out of reach, and Prosper was built to change that.

"When we built PlushCare, we learned that making appointments easier wasn't enough," said Ryan McQuaid, Co-Founder and CEO of Prosper Medical. "The real challenge is everything that happens after a patient leaves the visit. Following up on test results, finding the right specialist, collecting comprehensive health data, and preventing major problems before they arise. AI finally gives us a way to deliver that level of care and personalization at a scale that wasn't possible before."

The goal isn’t to replace physicians, but to supercharge them in caring for their patients. Prosper's platform maintains continuity across every patient interaction, aggregates all of your health data, coordinates care, and ensures important data signals and communication don't get lost between appointments. The result is a Prosper doctor who arrives with context, Prosper AI that can intervene earlier, a Care Concierge Team, and a healthcare experience that feels far more personal than traditional primary care.

Unlike many concierge or membership-based healthcare services, Prosper is designed to be accessible to more than only the ultra wealthy. The company is in-network with many major insurance plans and cares for patients in all 50 states. In its first few months, Prosper has grown to serve thousands of members, as patients increasingly seek a more personalized and proactive approach to their health.

"Medicine has always been at its best when a physician truly knows their patient, and actually listens to and cares deeply about them," said Dr. James Wantuck, Co-Founder and Chief Medical Officer. "That relationship used to require either extraordinary luck or extraordinary wealth. AI removes those constraints. Now it just takes having a doctor on Prosper."

The $16 million financing was led by FUSE with participation from Aurum Partners, Better.vc, Cal Innovation Fund, Fluent, Latitude Capital, Knoll Ventures, and WTI. The capital will be used to expand Prosper's physician network, continue building out the AI platform underlying the care model, and accelerate growth across new markets.

"After building and selling PlushCare, Ryan and James could have worked on almost anything," said Brendan Wales, General Partner at FUSE. "Instead, they came back to one of healthcare's most important unsolved problems: giving every patient access to a physician who truly knows them. James and Ryan have already proven they can earn patient trust at scale. We believe that combination of experience, trust, and AI has the potential to redefine how primary care is delivered."

For McQuaid and Wantuck, great healthcare starts with a physician who knows you, and Prosper was built to make that experience available to people who are invested in their own health and wellbeing. Prosperity for all.

About Prosper Medical

Prosper Medical is an AI-powered health platform designed to make personalized, seamless healthcare accessible to everyone. Available in all 50 states and in-network with many major insurance plans, Prosper combines world-class physicians with an AI-powered care layer that helps deliver and coordinate care, fully utilize health data, and build a trusted relationship across a patient's lifetime. Prosper Medical was founded by Ryan McQuaid and James Wantuck, MD, who previously co-founded PlushCare, acquired by Accolade for $450 million. Learn more at prospermedical.com.