OpenLoop, a Des Moines-based provider of white-label telehealth support services, raised $15M in Series A funding.
The round was led by Nava Ventures, with participation from new investors UnityPoint Health Ventures and PrimeTime Ventures, and existing investors SpringTide Ventures and ManchesterStory.
The company plans to use the funds to accelerate growth and expand operations.
OpenLoop is a telehealth startup that provides a comprehensive nationwide payer coverage network, offering clients everything they need from first visit to final payment. Its network of 6000+ certified clinicians spans all 50 states, offers 30+ digital health specialties and speaks 15 different languages.
The company raised an $8 million Series A round in March 2022 and recently announced plans to hire around 400 new employees and expand from one floor to occupy three floors in the Bank of America Building on 6th Avenue.
In the last year, the network has reached 10,000 providers, they have signed over 80 new clients and increased its internal headcount by 640%.