202128 Sep

Stellar Health Raises Over $60 Million in Series B Funding Round Led by General Atlantic

Summary

With the additional capital and resources provided by this new round of funding, the Company plans to focus on growing and investing in its team, as well as advancing product development, engineering, and operations initiatives, all to support the expansion of its differentiated services to new and existing markets. “Stellar Health has developed an intuitive, modern, and behavior-focused platform that enables a broad continuum of providers to advance patient outcomes,” said Robbert Vorhoff, Managing Director and Global Head of Healthcare at General Atlantic. Were excited to continue to support Michael and his team as they grow their business.” Since the beginning of 2020, the Company has increased its robust payor and provider network, with more than 60 collaborations across 20 states, managing more than 375,000 patients in total. Stellar rewards providers for the time it takes to complete value-based work that generates a strong ROI for health plans or risk-bearing organizations, leading to higher quality and more affordable care for patients. General Atlantic currently has over $78 billion in assets under management inclusive of all products as of June 30, 2021 and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford.

Source: Businesswire

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