St. Louis-based heath care startup Rezilient, which provides concierge primary care through its technology-focused health care clinics, has brought on a new investor as it pursues expansion.
Rezilient haș received an investment from Winter Park, Florida-based Govo Venture Partners, a newly formed venture capital firm focused on backing startups that work with government customers. Rezilient is the first investment for Govo, which in January said it had a first close on a new $50 million venture fund it has launched.
“We are excited to have Rezilient as our first portfolio company,” said Rob Panepinto, Govo’s managing general partner, in a statement. “Their approach to leveraging both in-person and digital primary care is a perfect example of the innovative ideas and entrepreneurs we launched Govo to support.”
Rezilient provides its primary care through its CloudClinics, which it has described as a “hybrid” approach to telehealth. The clinics include a physical location for patients to visit and use technology that allows doctors to provide care remotely. The clinics are staffed by employees who can take a patient’s vitals and labs. Rezilient opened its first CloudClinic last year in Clayton and has since added another in St. Peters. The company said it serves more than 2,000 patients and has completed over 1,000 visits at its CloudClinics.
Govo made its investment in Rezilient as part of an extended seed round raised by the startup that also included backing by existing investors of Rezilient, co-founder and CEO Danish Nagda said. Nagda declined to disclose the amount of funding raised through the financing. Rezilient disclosed in 2021 that it raised $2.5 million then to launch its initial CloudClincs. It has 21 full-time equivalent employees.
Nagda said Rezilient’s new funding will help it pursue expansion, with plans to open new CloudClinics in five states over the next 12 months. The states it has targeted for expansion are Illinois, Florida, Nevada, Texas and Wisconsin. Rezilient has placed a focus on partnering with government employers, and Nagda said the addition of Govo as an investor will help expand that part of its business, given the venture firm’s focus on government-focused businesses.
Nagda said the launch of Rezilient’s initial CloudClinics has yielded positive results for the company, adding that the company has received good feedback from patients and employers about its primary care offerings. He said the company has also met its mission of helping employers reduce health care costs.
“We’ve now proven all three (goals), so now it’s time to scale,” Nagda said.
Rezilient contends its concierge primary care practice can help reduce costs by minimizing more expensive claims such as emergency room visits, delivering preventive care and early detection of medical conditions that can provide a return on investment for employers. Nagda said employers who have partnered with Rezilient to offer its concierge primary care to their employees include St. Charles County Ambulance District, Cosmos Corp., Technology Partners and Butler’s Pantry.
