Yuvo Health – a leading technology-enabled administrative and managed-care solution for community health centers – announced it has raised an oversubscribed $20.2 million Series A round of financing. The funding round was led by Mastry Ventures with participation from previous investors including AlleyCorp, AV8 Ventures, and New York Ventures, and new investors including HLM Venture Partners, Route 66 Ventures, VamosVentures, and Social Innovation Fund. This latest funding round brings their total funding to $27.5 million, combined with a $7.3 million seed round announced in January 2022.
Yuvo Health will utilize the new investment to further scale its successful infrastructure, expanding from New York to Ohio, while transitioning to accept full-risk arrangements on behalf of their FQHC and community health center partners. In connection with the funding news, Yuvo Health has added several new FQHCs, doubling their original number announced in May 2022, which reach more than 150,000 patients.
Based in New York City, Yuvo Health was launched in early 2021 by a fully BIPOC founding team that has experienced firsthand the power of quality care for underserved communities. And the industry leader partners with community health centers to utilize new payment systems, scalable infrastructure, and partnerships for a meaningful seat at the table within the value-based care ecosystem. In doing so, community health centers gain the freedom — and the incentives — to provide compassionate care for their entire community.
KEY QUOTES:
“Yuvo Health supports FQHCs, which are the only primary-care access point for millions of underserved Americans today. As an ecosystem and infrastructure partner, Yuvo provides FQHCs a technology, operational, and admin platform that unlocks value-based care, reduces medical costs, and increases quality care. We are bullish on the critical role this industry pioneer will play in driving health equity forward.”
— Fatima Husain, Co-Founder and General Partner for Mastry Ventures, who joins Yuvo Health’s Board
“Community health centers, and the patients they serve, have been left out of the value-based care conversation for far too long. Yuvo uniquely focuses on the needs of underserved communities, and continues to make enormous strides in bringing community health centers successfully into value-based care.”
— Dr. Brenton Fargnoli, General Partner at AlleyCorp and member of Yuvo Health’s Board of Directors
“We are delighted to announce our $20.2 million investment, which serves as a testament to the amazing work of FQHCs to keep our communities healthy. With our latest financing, we can leverage our success in New York and now scale to new markets with more sophisticated revenue models, enabling us to serve even more FQHCs and extend their commitment to their communities.”
— Cesar Herrera, CEO and co-founder of Yuvo Health
