By StartupChi Team | June 28, 2024

Introduction

In a major boost for healthcare accessibility, Hopscotch Primary Care has successfully raised $50 million in its Series C funding round. This late-stage venture investment underscores the company’s mission to transform healthcare delivery in rural communities across the United States, a market often neglected by traditional healthcare models. Its approach not only enhances patient care but could also set a new standard in healthcare access and affordability.

Background

Founded by a team of passionate healthcare professionals and entrepreneurs, Hopscotch Primary Care emerged in response to the growing disparities in health services available to rural populations. Recognizing that nearly 20% of Americans live in rural areas with limited access to primary healthcare services, the founders set out to create an innovative model that prioritizes convenience and quality. The company’s unique primary care approach effectively bridges the gap by providing essential services through mobile clinics and telehealth technologies.

Funding Details

This recent funding round brings Hopscotch’s total funding to $50 million across two rounds. Notably, the investment attracted seven investors, including recognized names like 8VC and Alumni Ventures. Although the pre-money valuation remains undisclosed, the investment reflects growing confidence in the startup’s capacity to address critical healthcare needs in underserved areas.

Competitive Landscape

Hopscotch operates in a highly competitive landscape dominated by established healthcare giants and emerging tech-driven solutions. However, what sets Hopscotch apart is its tailored services specifically designed for rural communities, leveraging technology to create scalable and sustainable healthcare solutions. Most competitors focus on urban markets, leaving a significant gap that Hopscotch is poised to fill.

Future Plans

The infusion of capital will primarily be utilized for expanding operational capabilities, enhancing technology infrastructure, and growing patient outreach. With plans to roll out additional mobile clinics and improve telehealth services, Hopscotch aims to serve even more communities across the nation. “This funding is pivotal for our mission,” said a spokesperson for the company. “We are committed to innovating healthcare delivery and ensuring that everyone, no matter where they live, has access to the care they need.”

Conclusion

As Hopscotch Primary Care embarks on this next phase of growth, its future initiatives could change the landscape of rural healthcare forever. For more information on their services or to stay updated on their journey, visit www.hellohopscotch.com.

Series C – Hopscotch Primary Care:

• Organization Name: Hopscotch Primary Care
• Organization Description: Hopscotch Primary Care is a healthcare company that aims to transform healthcare for rural communities across the country.
• Website: www.hellohopscotch.com/
• Funding Type: Series C
• Funding Round: Series C – Hopscotch Primary Care
• Money Raised: $50,000,000
• Announced Date: Jun 28, 2024
• Funding Stage: Late Stage Venture
• Pre-Money Valuation: —
• Equity-Only Funding: Yes
• Industries: Consulting, Health Care, Medical,
• Revenue: $1M to $10M
• Total Funding: $50,000,000
• Funding Status: Late Stage Venture
• Number of Funding Rounds: 2
• Lead Investor: —
• Investors: ,,,,,,, , , Alumni Ventures
• Number of Investors: 7
• Number of Partner Investors: 1