NEW
YORK, April 23, 2024 /PRNewswire/ -- Summer
Health, a digital health company offering 24/7 pediatric support to
parents, announced $11.65M in Series
A Funding, co-led by new investor 7wire Ventures and returning
investor Lux Capital. Returning investors Sequoia Capital,
Metrodora Ventures, Box Group, and Shrug Capital participated, with
new participation from Pivotal Ventures, a Melinda French Gates company and Leaps by Bayer.
Alfred Lin of Sequoia Capital,
Deena Shakir of Lux Capital,
Alyssa Jaffee of 7wire Ventures, and
Chelsea Clinton of Metrodora
Ventures are also joining the Summer board.
Summer Health is a text-based companion to a family's primary
pediatrician, removing the need for unnecessary visits and serving
as support anytime and anywhere. The company's flagship product,
text-based care in under 15 minutes, has been used by thousands of
parents to manage urgent medical guidance and seamlessly prescribe
medications as-needed since its launch in July 2022. In November
2023, the company expanded its longitudinal primary care
model with lactation support, sleep training, developmental
milestone tracking, and long-term pediatric care.
Today, parents can buy Summer Health's services directly from
the company for $45 a month or via
their employer at select businesses.
Summer Health's clinical team is led by Dr. Ali Alhassani, MD F.A.A.P. He notes that the
most common needs parents address with Summer include:
- Nutrition-related questions, including breastfeeding and the
introduction of solid foods;
- Pink eye and rashes;
- Allergies and food-related sensitivities;
- Support with sleep training;
- Support following Well-Child care visits, which typically only
last 6 to 8 minutes.
The Association of American Medical Colleges projects a doctor
shortage of up to 86,000 physicians and that extends to pediatrics
by 2036. Summer Health plans to double down on its distribution via
consumer and employer channels to combat this lack of abundant
access to pediatricians. The company will also continue to expand
service offerings for parents. In addition to primary care, they
currently offer specialty services like nutrition and child
development coaching.
"Summer Health was created by parents, for parents, to make
daily life just a little bit simpler. What's so special about this
group of investors is that they're all parents, and every single
one of them actively uses the product," said Summer Health's CEO
Ellen DaSilva.
"As a pediatrician, I've witnessed first-hand how long parents
would need to wait for appointments for their child to be seen in
person," said Dr. Ali Alhassani,
head of clinical for Summer Health. "So many of these issues could
be addressed from the comfort of home, and that's why I joined
Summer Health."
Summer Health's trusted brand has laid the groundwork for deep
longitudinal care for all families. On a personal note, I've been
using the service since Day One and can't imagine life without it,"
said Alyssa Jaffee, general partner
with 7wire Ventures. "Professionally, we are delighted to be part
of Summer Health's journey as it scales to more parents and their
families, and we deeply believe in the need for more investment and
innovation in pediatrics."
"Summer Health's growth is evidence that the company has tapped
into a real and growing need," said Deena
Shakir, general partner at Lux. And "I'm proud to say that
this round is being co-led by two moms of three kids and the
company led by another—between us, 9 children and a lifetime of
user feedback.
For press inquiries, contact press@summerhealth.com
View original
content:https://www.prnewswire.com/news-releases/summer-health-announces-series-a-fundraise-from-7wireventures-and-lux-capital-302125060.html
SOURCE Summer Health