At-Home Health Testing Platform LetsGetChecked Closes $30 Million Funding Round

By Dan Anderson ● May 17, 2019

LetsGetChecked, a New York-based direct-to-consumer at-home health testing platform announced it has closed a $30 million Series B round of funding. LTP led this round of funding. And existing investors Qiming Venture Partners USA also participated in this round.

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With this round of funding, LetsGetChecked is going to continue scaling the company’s consumer brand in diagnostics as it serves the entire U.S., Canada, and Europe. Plus the funding will also fuel the development of the core technology platform and expand manufacturing and logistical capabilities throughout North America.

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“When I was younger, I had a condition whereby I benefited from getting screened early. I made a full recovery, but that isn’t always the case for people. We have all experienced family or friends getting diagnosed with something too late and conditions that should be manageable, get way out of hand. Early diagnostics through consumer-led screening can help solve this problem and lead to better clinical outcomes for everyone,” said LetsGetChecked CEO and founder Peter Foley in a statement. “Support from investors like LTP who have a proven track record of helping to modernize healthcare aligns well with our mission and company goals of bringing specialized health testing and insights direct to consumers. I’m grateful for LTP’s investment and involvement.”

With LetsGetChecked, users can order in-state physician-approved laboratory tests via LetsGetChecked.com or through partner retailers like CVS, Walmart, Pharmaca, and McKesson online stores. And anonymized tests are then shipped from the company’s ISO accredited facility by next day delivery and individuals can complete and return the samples for rapid processing within as little as two days. And tests are performed by leading CLIA-certified reference labs.

Throughout the process, patients are connected with in-state board-certified physicians to discuss abnormal results and determine the best treatment and care. And patients also receive a nurse call to discuss the results live — which can be accompanied by an e-prescription at no additional cost to the pharmacy of their choice.

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LetsGetChecked’s testing procedures cover wellness testing (cholesterol/thyroid/etc.), cancer screening, sexual health testing, fertility testing, genetic testing, and pharmacogenomic testing.

“LetsGetChecked is taking lab testing and personal health management to the home through tight coordination of existing certified reference labs and logistics platforms,” added LTP managing partner Todd Cozzens — who has worked in the healthcare industry as CEO and founder of Marquette (which went public and sold to GE) and Picis (acquired by UnitedHealth Group). “This creates a convenient and seamless consumer health testing experience, allowing timely access to results, follow-up care, and professional guidance.”

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LetsGetChecked is partnered with connected health devices made by Apple, Fitbit, and Garmin. And it provides customers access to a range of health data through a dedicated dashboard. By combining lab results with real-time wearable data, users can receive risk assessments and scores like cardiovascular health and others for determining the probability of developing a heart attack within a given amount of time.

And LetsGetChecked is integrated with large reference labs and health systems. Plus the company is building partnerships with a growing number of healthcare insurers for personalized screening and home testing procedures. To handle shipping and handling, LetsGetChecked has logistics partnerships with UPS, USPS, and FedEx to ensure quick turnarounds for testing results.

“We have seen LetsGetChecked grow and expand successfully over the time we have been involved. We are dedicated to investing in companies that solve real life problems. This is why LetsGetChecked stands out to us,” explained Qiming Venture Partners USA managing partner Mark McDade. “We’re excited to help the company continue to grow at a time when people want more control over their own health.”