Thomas Tull Leads $26.9 Million Round in Doctors-on-Demand Startup Heal
Legendary CEO Thomas Tull, wearing his venture-capital investor hat, led a $26.9 million Series A round in Heal, a Santa Monica startup that’s trying to do for in-home doctor visits what Uber did for hailing a ride.
Tull Investment Group previously led the company’s seed round in 2015, and the latest investment brings Heal’s total funding to about $40 million. Joining the Series A round were Skydance Media CEO David Ellison, Breyer Capital, Qualcomm executive chairman Paul Jacobs, and early investors Hashtag One and Slow Ventures.
Heal, led by CEO and co-founder Nick Desai, was founded in 2014. Within a year of launching its service, the company now provides service throughout California and has facilitated doctor house calls for more than 10,000 patients to date.
“Heal is uniquely positioned to assume the role of the go-to healthcare option in America,” said Tull in a statement. “They have the leadership team, technology innovation and vision required to contribute to the transformation of the healthcare industry.”
Tull Investment Group, focused on life science, media and technology sectors, has made early-round investments in Pinterest, augmented-reality startup Magic Leap, self-driving auto startup Zoox and Oculus VR (acquired by Facebook for $2 billion). Last week, messaging app startup Blend Systems announced that Tull had invested $2 million in the company.
Heal is available for a flat-rate fee of $99 per visit or a medical insurance co-pay through Blue Shield of California, Anthem Blue Cross of California, Cigna Healthcare, Aetna and United Healthcare. Doctors are available from 8 a.m. to 8 p.m. seven days a week, including all major holidays. House calls may requested immediately (Heal says physicians arrive in less than an hour) or scheduled.
Heal said it will use the latest funding for continued technology development and increased marketing to reach more patients and to bolster its roster of board-certified, licensed physicians.
“Heal is reimagining how we receive medical care,” said Jim Breyer, founder and CEO of Breyer Capital. “I am delighted to partner again with Thomas and join him in supporting the talented team at Heal as they enter their next phase of growth, in what I am confident will be another successful venture.”
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