Summary: GEM HEALTH, a nationwide virtual specialty sleep care provider, secured a $7 million Series A funding round to expand its insurance-accessible sleep apnea diagnosis and treatment services, aiming to improve patient outcomes and reduce healthcare costs.
Key Takeaways:
- GEM HEALTH is a nationwide virtual specialty clinic providing timely, convenient, and insurance-accessible specialty sleep care services.
- GEM SLEEP provides a focused and simplified end-to-end solution, from diagnosis to treatment and support, for those who may have obstructive sleep apnea.
- GEM secured a $7M Series A round of financing co-led by HealthTrend Capital and LFE Capital, with participation from Base10 Partners and Mairs & Power Venture Capital.
Gem Specialty Health Inc raised $7 million in a Series A funding round that will allow it to expand its virtual sleep services and further develop solutions for patients. The round was co-led by HealthTrend Capital and LFE Capital, with participation from existing investors Base10 Partners and Mairs & Power Venture Capital.
The company’s first offering, GEM SLEEP, performs clinical evaluation, diagnosis, treatment set up, and support without a patient having to set foot in a clinic, an approach that GEM says gets patients to care in days, rather than weeks or months, while lowering costs for patients and insurers.
“In addition to improved quality of life, our innovative approach saved patients and insurance providers nearly $15M in healthcare costs in 2024,” says Brian Sauer, founder and CEO of GEM HEALTH, in a release.
This Series A round will also support GEM HEALTH’s expansion into new markets and conditions.
“GEM HEALTH is transforming sleep care with an accessible, outcomes-driven virtual solution that improves lives and reduces healthcare costs, ” says TJ Nahigian, co-founder and managing partner, at Base10 Partners, in a release. “We’re proud to support their mission to make high-quality sleep care more convenient and affordable nationwide.”
In conjunction with the financing, LFE Capital Partner, Laurent Frecon, joined GEM HEALTH’s board of directors.
“This funding marks a pivotal moment in our journey,” Sauer says. “We are thrilled to continue leading the charge in virtual sleep care and are committed to expanding access to life-changing treatment for sleep apnea….With the support of our investors, we can accelerate the development of innovative solutions that simplify and personalize the sleep care experience, ensuring more people get the care they need, faster. This investment allows us to scale and deepen our impact on the lives of millions who struggle with sleep health.”
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