Serena Williams-backed Juno Medical scores $12M in Series A funding

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Virtual and in-office healthcare provider Juno Medical raised $12 million in Series A funding round co-led by tennis star Serena Williams, managing partner at Serena Ventures, and Julian Eison, managing partner at NEXT VENTURES.

Vast Ventures, which led Juno’s seed round, also participated in the Series A funding alongside Empire State Development’s New York Ventures, Genius Guild, TXV Partners, Gaingels, and previous investors Humbition and Atento Capital.

The latest investment brings Juno Medical’s total raised to $28.4 million, according to Crunchbase. 

WHAT THEY DO

Juno Medical is a healthcare service provider that offers on-site appointments with physicians at their two New York-based brick-and-mortar facilities and virtual services for patients in New York and Georgia. 

The company offers individual and family care, wellness, specialty care, and on-site labs and imaging services. 

The funds will be used to expand into new markets and hire new providers. The company plans to open new clinics in historically marginalized communities, including East Atlanta, the Greenwood District of Tulsa, Okla., and the City of Inglewood near Los Angeles, Calif. Juno will also use the investment to grow its technology platform. 

“We are honored to partner with Juno to expand upon their inclusive, full-service healthcare home model where people from all backgrounds feel seen, heard and welcome,” Williams said in a statement. “There is a serious need to address equity issues in healthcare, mental health and wellness services that many communities face. Juno and its talented team have the vision, model and track record to disrupt the unacceptable status quo in healthcare.”

MARKET SNAPSHOT

Several companies offer clinics geared toward providing care for specific populations. 

Virtual specialty care company Oak Street Health is a chain of primary care clinics geared toward the Medicare population. The company acquired virtual specialty care provider RubiconMD for up to $190 million in 2021. 

Tia, a women’s health-focused hybrid provider, announced it opened the first of 10 planned brick-and-mortar clinics in the Bay Area in May. It also announced a partnership with UCSF Health. The organizations would build a network of integrated clinics to allow patients to coordinate specialty and inpatient care more easily at UCSF.

Other companies in the hybrid care space include One Medical, a membership-based primary care organization that offers virtual care as well as in-person visits. Amazon announced plans to acquire One Medical in an all-cash deal worth approximately $3.9 billion earlier this year.

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