MyHealthTeams, the San Francisco startup behind thirteen of the fastest-growing social networks in chronic health, announced today that it has closed its series B financing raising just over $5MM. The round was led by a strategic investment from CVS Health and also included support from previous investors including Adams Street Partners, the Westly Group, HealthTechCapital and Sand Hill Angels. This Series B brings the total capital raised by the company to $10.14MM.
“In the past 18 months MyHealthTeams has tripled our user base, expanded to serve 13 different chronic-disease communities across 8 countries, and proven you can build a great business while doing something that helps people,” said Eric Peacock, CEO of MyHealthTeams. “With this financing, we are well-positioned to rapidly expand beyond our initial 13 social networks and reach a much greater audience of people facing each of those conditions.”
MyHealthTeams, co-founded by Eric Peacock and Mary Ray, recently launched social networks in Diabetes and Parkinson’s disease, and plans to launch new networks for both the hemophilia and Alzheimer’s communities this year.
MyHealthTeams is a San Francisco-based company that creates social networks for chronic condition communities. Through its 13 social network for over 300,000 members in 8 countries, MyHealthTeams makes it easy for those living with a chronic condition to connect with others who share their diagnoses, treatment paths, symptoms and more. Find more information about MyHealthTeams and its growing number of social networks at www.MyHealthTeams.com.