Getlabs, a healthcare startup that provides mobile phlebotomy services, has raised $20 million in new financing, according to a news release Thursday.
Emerson Collective and the Minderoo Foundation led the Series A funding round, with additional investment from Byers Capital, Healthworx, Labcorp, Tusk Venture Partners, 23andMe CEO and co-founder Anne Wojcicki, YouTube CEO Susan Wojcicki, Capsule CEO and co-founder Eric Kinariwala and Alto Pharmacy founder Mattieu Gamache-Asselin. Getlabs has used the funding to hire several new executives and other staff, including healthcare professionals.
The company also announced the launch of its new application programming interface for healthcare organizations, claiming it would make it easier for telehealth providers to order remote phlebotomy services.
"We initially started Getlabs to expand patient access to diagnostic testing by delivering lab appointments in the convenience of their homes. Now, with the release of our API, we are making it even easier for doctors to collect diagnostic tests that provide vital information for their patients, thereby extending the reach of their practice to any location that we're in." Getlabs CEO and founder Kyle Michelson said in a news release. "We see a future where both existing healthcare organizations and the next generation of telehealth services build on top of Getlabs' infrastructure to make informed medical decisions and deliver better care remotely."
Getlab also announced that Emerson Collective's Matt Bettonville and Thirty Madison's Demetro Karagas would join the company company's board of directors.
Investors are pouring money into startups that promise to help providers, payers and employers deliver more care at home, hoping to cash in on the healthcare industry's push to lower healthcare costs by moving more care out of high-cost settings like hospitals.
Service providers raised $1.6 billion in 2021 in 34 deals last year, according to data from Digital Health Business & Technology. It's a massive increase over the $248 million raised in 18 deals in 2020. MediTrust Health, an online healthcare service and benefits platform, was the biggest deal in the category in 2021, bringing in $308 million in a Series C funding round.