Lark Health, a Mountain View, California-based provider of chronic disease prevention and management programs, raised $100 million in a Series D funding round.
The round was led by Deerfield Management Company, including participation from crossover fund PFM Health Sciences, Franklin Templeton, King River Capital, Castlepeak, IPD, Olive Tree Capital, and Marvell Technology Co-founder Weili Dai participated as returning investors.
Lark plans to use the funds to expand its virtual care integrations to more payers.
Company: Lark Technologies, Inc
Round: Series D
Funding Month: October 2021
Lead Investors: Deerfield Management Company
Additional Investors: PFM Health Sciences, Franklin Templeton, King River Capital, Castlepeak, IPD, Olive Tree Capital, and Weili Dai
Company Website: https://www.lark.com/
Software Category: AI-powered Health coach
About the Company: Lark is a healthcare technology company aimed at delivering infinitely scalable, virtual chronic and preventative healthcare through conversational AI. To date, Lark has provided nearly 2 million people with unlimited, 24/7 personalized care delivered through an easy-to-use, text message-like interface that integrates remote patient monitoring tools and is built on a cognitive behavioral therapy framework. Lark's platform seamlessly integrates with health plans' and employers' existing healthcare infrastructure to help them scale their chronic disease prevention and management programs, boost engagement, and improve health outcomes.
Source: https://medcitynews.com/2021/10/lark-health-nabs-100m-to-pour-into-ai-health-coaching-platform/ https://www.prnewswire.com/news-releases/lark-health-raises-100-million-series-d-funding-round-led-by-deerfield-management-301398635.html