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Young Entrepreneur

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YEC Member Company MyHealthTeams Raises $5 Million Series B Round

MyHealthTeams, a company that creates social networks for those living with chronic health conditions co-founded by COO Mary Ray, recently closed a $5 Million-plus Series B funding round. The round was led by CVS Health, a Fortune 10 company, and included support from previous investors such as Adams Street Partners, the Westly Group, HealthTechCapital and Sand Hill Angels.

“With this financing, we are well-positioned to rapidly expand beyond our initial 13 social networks and reach a much greater audience of people facing each of those conditions,” said Eric Peacock, CEO of MyHealthTeams in this press release.

The company has now raised around $10.14 Million in total financing, and is responsible for 13 of the fastest-growing social networks that focus on building community around chronic health conditions. The San Francisco-based startup has over 300,000 members living in eight countries worldwide.

Their next plans are to launch new networks for the hemophilia and Alzheimer's communities.

You can learn more about their funding round and upcoming plans here.