Retail Health

Cadence raises $100M Series B at $1B valuation for remote care

Remote care management platform Cadence raised a $100 million Series B led by Coatue at a $1 billion valuation to integrate vital-sign data with medical history for chronic condition management.

The numbers

  • $100 million Amount raised in Cadence's Series B funding round
  • $1 billion Cadence's post-money valuation after the Series B round
  • $41 million Initial funding amount when Cadence launched in August
  • 155 Number of clinicians Cadence expects to employ by July 2022
  • 90% Percentage of eligible LifePoint patients enrolling in the program

Sources

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