In-home care provider DispatchHealth valued at over $1.7 bln after funding round

March 3 (Reuters) - DispatchHealth said on Wednesday it had secured $200 million in its latest funding round, taking the valuation of the Colorado-based provider of in-home medical care to over $1.7 billion.

The Series D funding round, led by Tiger Global Management, brings the company's total funding to over $417 million, DispatchHealth said. The company had raised $135.8 million in a Series C funding round last June.

The COVID-19 pandemic boosted demand for in-home and virtual healthcare services, especially for the elderly with chronic health conditions who have been reluctant to visit hospitals due to fears of getting infected.

DispatchHealth also attracted investment from health insurer Humana, which last month teamed up with the startup to provide at-home treatment for its members in Denver, Colorado and Tacoma, Washington.

The startup, which has delivered in-home care to more than 200,000 patients since launching in 2013, said it would use the funds to expand its platform to 100 markets.

DispatchHealth allows users to book its services through its mobile app or website. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Ramakrishnan M.)