Vynca, a technology-enabled healthcare provider for serious illnesses, raised $30m funding to expand its integrated palliative care platform.
Led by Questa Capital, the funding round has also seen participation from existing investors Generator Ventures, First Trust Capital Partners, 4100 Group and OCA Ventures.
Vynca intends to use the funds to enhance its clinical services and expand its technology suite to meet the needs of value-based care programmes, in addition to traditional care.
Questa Capital managing partner Brad Sloan said: “Vynca has emerged as an industry leader when it comes to providing whole-person care for patients dealing with serious illnesses.
“The company’s model, which incorporates virtual palliative care services, advance care planning, care coordination, symptom management and provider engagement, is truly unique, integrated and highly scalable.
“As investors, we have studied the space for several years and believe that Vynca is well-positioned to improve care quality at a national scale, especially in the context of an evolving value-based care environment.”
Vynca partners with healthcare providers, payers and risk-bearing entities to address the needs of patients suffering from serious illnesses, such as congestive heart failure, cancer and end-stage renal disease.
The company’s solutions are designed to help clinicians and partners to achieve better outcomes, and organisations to reach value-based arrangements with multiple stakeholders.
Vynca claims that it currently serves thousands of patients and their families across all 50 states, through its virtual palliative care platform.
Vynca CEO and co-founder Ryan Van Wert said: “Millions of Americans do not have access to high-quality serious illness care, and our goal is to expand access nationally to every person in need.
“With this latest round of funding, we are poised to further invest in our talent and technology, both valuable assets that will play such a significant role as we look to successfully expand the reach and impact of our offering moving forward.”
In June last year, Vynca announced that it has acquired California-based ResolutionCare, a provider of home-based palliative care and telemedicine.
