Parsley Health Launches New Digital Services on Tail of $26M in Series B Raise
Parsley Health, the leading national provider of holistic personalized medicine designed to reverse chronic illness and optimize health, announced the launch of two new telemedicine services and a round of Series B funding today. Since Parsley Health’s Series A in April of 2018, the company has raised an additional $26M in new funding.
White Star Capital, the global multi-stage technology investment platform, led the Series B round with additional investments from funds including FirstMark Capital, Amplo, Alpha Edison, Trail Mix Ventures, Arkitekt Ventures, and Galaxy Digital, as well as individuals including, Nat Turner, founder and CEO of Flatiron Health, and Tom Lee, Founder of One Medical. The Series B round officially closed in the summer of 2019.
“Our health system desperately needs a makeover. According to the CDC, 60% of American adults have at least one chronic disease – that’s 153 million people. These are largely lifestyle-driven, preventable and reversible, conditions and yet they account for 90% of our annual healthcare costs,” said Dr. Robin Berzin, CEO & Founder of Parsley Health. “A revolving door of prescriptions, referrals to specialists and band-aid solutions won’t fix this and it won’t fix us. We need a new model of care, one that’s accessible, affordable, proven to address the root causes of chronic disease and – thanks to technology – available from anywhere around the globe.”
On the tail of its Series B raise, Parsley Health launched a suite of fully-digital offerings, including a telemedicine membership plan for ongoing care and two new at-home diagnostics products.
The telemedicine membership will allow people across the country to take advantage of the same offerings found at Parsley’s brick-and-mortar locations: advanced diagnostic testing, personalized medical care from doctors trained in Functional Medicine, health coaching and unlimited online access to their care team 365 days a year – all from the comfort of their own homes. The features are fully integrated to support members through nearly 4-hours of 1-1 sessions with their Board Certified doctor, allowing Parsley to help telemedicine members get to the root cause of their health concerns, using the best of both conventional medicine and modern holistic care.