Medical health testing platform LetsGetChecked has closed a $12 million (£8.52 million) Series A funding round.
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Led by Optum Ventures, independent venture health services fund Optum and Qiming Venture Partners, a Chinese venture capital firm, the funding will be used to scale the company, develop the platform linking customers to laboratories and grow its clinical support team.
LetsGetChecked was founded in 2014 by Peter Foley with the idea of using technology and logistics to bridge the gap between traditional lab testing and consumers.
Since inception, the company’s portfolio of testing options has expanded to include lifestyle testing, cancer screening, sexual health testing and fertility and hormone testing.
“Support from investors with proven track records of helping to modernize healthcare like Optum Ventures and Qiming Venture Partners is a true testament to the work we’re doing,” said Foley.
“With easier access to testing, individuals can change how and when they are diagnosed, leading to better clinical outcomes.
“Our goal is to provide individuals with greater control of their health through accessible technology and to continue partnering with more labs and health systems, to bring more specialized testing direct to consumers.”
The platform connects users with medical professionals, as well as a global network of laboratory partners and logistical support from a personal health account.
A test-kit is dispatched directly from an ISO-accredited facility and will arrive at the patient’s home “within a matter of days”, according to the business. The test-kits are anonymised, containing only a patient identifier.
Patient requests and results are reviewed by a board-certified physician, which it says mirrors what happens in a doctor’s office. If a patient receives ‘positive’ or ‘out of range’ results, a member of the nursing team contacts the patient to provide support.
“At-home lab testing is the next logical step in building a consumer-friendly, patient-centric system,” said AG Breitenstein, Partner at Optum Ventures. “LetsGetChecked is poised to become a leader in bringing easy-to-access and powerful lab testing to consumers everywhere, and we look forward to helping them achieve that.”