Direct-Pay Healthcare Marketplace Company Sesame Raises $24 Million

By Annie Baker ● May 3, 2021
  • Sesame — a direct-pay healthcare marketplace — announced recently that it has raised an additional $24 million. These are the details.

Sesame — a direct-pay healthcare marketplace — announced recently that it has raised an additional $24 million, including new investments from Giant Ventures, Industry Ventures, and Coefficient Capital. And existing investors General Catalyst, Entree Capital, and Atreides Management have also contributed additional funds to help Sesame scale. This latest funding round brings Sesame’s total capital raised to just under $50 million since its founding in 2019.

Sesame plans to use the new funding to strengthen its dynamic and full-scope marketplace and expand its nationwide telehealth offerings and in-person care. And this latest funding follows Sesame’s successful expansion into national telehealth coverage to complement its comprehensive in-person offerings. With more than 1,000 providers treating patients across all 50 states, Sesame’s business has grown 25x in the past year. Sesame is launching prescription medication delivery this month, giving cash-pay patients convenient access to affordable medication.

KEY QUOTES:

“Only radical simplicity will fix a complex system like healthcare. Right now, the healthcare industry works really well if you’re an insurance company or a hospital. But not if you’re a patient or a doctor. We’re changing that every single time a patient finds, books, and pays for care directly on Sesame.”

— Sesame CEO and Co-founder David Goldhill

“What the Sesame team has built in the last year has the promise to completely transform the direct-pay healthcare space. US healthcare has historically been defined by exclusivity and complexity. Sesame is our best shot at changing that as they build a healthcare ecosystem defined by quality, inclusivity, and broad accessibility for all.”

— Cameron McLain, Managing Partner of Giant Ventures