A Chicago startup that provides telemedicine services to consumers and employers has raised a new round of funding to continue to grow.
First Stop Health announced it has raised $6.5 million in a round led by Joe Mansueto, the founder of Morningstar and a frequent Chicago tech investor, and Rich Gallun, the co-founder and former CEO of bswift.
First Stop Health has now raised $14.5 million in funding since it launched in 2011. It currently has 24 employees.
Founded by Patrick Spain and Dr. Mark Friedman, First Stop Health's virtual healthcare services allow patients to access doctors via phone, online video consultations, or through iPhone and Android apps. The startup gives users access to healthcare professionals in all 50 states and Washington, D.C., who can offer medical advice, diagnosis and treatment.
"With rapid annual revenue growth, this investment capital allows us to further our vision of transforming the patient healthcare experience,” Spain said in a statement. “Our clients embrace our service model, which gives members a simple, frictionless experience to access care within minutes of when they need it.”
Spain is a serial entrepreneur who's founded four other businesses, including Hoover’s, a small-book publisher that went public and eventually sold to D&B in 2003 for $119 million, and HighBeam Research, which sold to Cengage Learning in 2008.
