Dublin-founded medtech player LetsGetChecked has its sights focused on the post-Covid-19 care model after raising $260m to date.
Peter Foley’s LetsGetChecked has raised $150m in Series D financing in a round led Casdin Capital with continued participation from CommonFund Capital, Illumina Ventures, Optum Ventures, Transformation Capital, HLM Venture Partners, and Qiming Venture Partners USA and professional golfer Rory Mcllroy.
This latest financing brings the total capital raised by LetsGetChecked to more than $260m to date and its total valuation to more than $1bn.
“We are expanding into new offerings like telehealth services and prescriptions to even further fulfill our mission to help people live longer, happier lives”
LetsGetChecked, which has offices in Dublin and New York, expanded exponentially during the pandemic, with year-on-year growth of 1,500pc.
Its end-to-end supply chain allowed LetsGetChecked to rapidly scale up its Covid-19 testing through 2020.
This included building a lab in Dublin to cater for the European market. The company announced last December that it was creating 160 new jobs in Dublin. Beyond the pandemic, LetsGetChecked has also seen a huge rise in the demand for quality virtual care services.
Powering the future of healthcare
The company is focusing on a number of market opportunities including the post-Covid-19 care model of at-home healthcare, a market that is delivering 1,500pc year-on-year growth for the Dublin company.
Having raised more than $260m to date, LetsGetChecked has delivered more than 2m at-home health tests since its 2015 inception, directing the direct-to-consumer model to deliver customers easy access to 30+ at-home tests including Sexual Health, Cholesterol, Diabetes, Thyroid, Coronavirus (COVID-19), and more.
The recent round of funding will enable LetsGetChecked to further establish itself as a full-stack virtual care company for consumers managing illnesses across the health spectrum, offering new at-home health tests, telehealth services, and prescriptions from a LetsGetChecked-affiliated medical professional.
“Now more than ever, we are seeing unprecedented demand for at-home diagnostics and care as an alternative to traditional in-person medical vision,” said founder and CEO Peter Foley.
“At LetsGetChecked, we are moving beyond just providing services that empower consumers to take agency over their own health. We are expanding into new offerings like telehealth services and prescriptions to even further fulfill our mission to help people live longer, happier lives.”
By John Kennedy (firstname.lastname@example.org)
Published: 8 June 2021