Alpha Medical, a telemedicine startup based in Palo Alto, has closed a $24 million Series B round to continue revolutionizing women’s health.
The oversubscribed round counted with participation from firms like SpringRock Ventures, Margo Georgiadis, Outcomes Collective Growth Capital, FMZ Ventures, Samsung Next, Chamaeleon, AV8 Ventures, and GSR Ventures, some of which specialize in digital health. The funding brings the total funding raised by the startup to $35 million. Margo Georgiadis referred to her decision to participate in the round by stating:
“Far too many women go chronically underserved in our healthcare system across their lifetime, I am incredibly inspired by how Gloria and the Alpha team are leveraging technology and innovating clinical care models so that women everywhere can have access to the comprehensive primary healthcare experiences they deserve – more personal, accessible, and affordable.”
Alpha Medical was founded with the mission to revolutionize the healthcare experience for women by making it more accessible, especially for those who are currently living in regions lacking access to primary care. To achieve this, the startup has developed a unique telemedicine platform that allows women to get services ranging from diagnosis to treatment from home. Gloria Lau, Co-founder & CEO said about the need for such a solution by saying:
“As a solution to a healthcare system that is broken, Alpha Medical is revolutionizing the way women can access quality care – by using technology to make it convenient, affordable, and attainable for those who it may not have otherwise been an option for.”
With the American Congress of Obstetricians and Gynecologists estimating that more than 50% of all counties in the United States lack access to these services, millions of women are forced to wait more than 3 weeks for an appointment. The telemedicine startup believes it can change this reality by opening the doors to all of the affected to reproductive health, primary and urgent care, and mental health services