EverlyWell Lands $2 Million More in VC Funding

Julia Cheek, founder and CEO of EverlyWell, courtesy photo.

EverlyWell, the Austin-based healthcare testing platform, announced Wednesday that it has received $2 million more in venture capital funding.

The company, founded two years ago by Julia Cheek, the company’s CEO, has received $5 million in total funding.

NextGen Venture Partners led the round with participation from Jack Novak, SoGal Ventures, Full Tilt Capital and other venture capital funds.

The company has already surpassed $1 million in revenue, according to the company. It now has 15 employees and serves customers in 46 states. The company makes and sells at 12 home lab testing kits for sexual health, thyroid, metabolism, men’s health, and breast milk DHA testing, which the company is the exclusive provider of in the U.S.

EverlyWell plans to use the latest funds raised to expand and enhance its product line, hire key executives, most recent round of funding will help the company expand its suite of tests, hire key leadership positions and launch new partnerships.

“Our vision is to make healthcare services like lab testing accessible, simple, and meaningful for consumers. This additional funding enables us to accelerate our growth even more,” Cheek said in a news release. “We’re leading a major shift in the consumer health marketplace by bringing the lab to consumers’ doorsteps, and we are moving quickly to expand our channels, launch innovative tests, and deliver a world-class customer experience.”

Cheek is one of a few women-led startups that have received venture capital funding locally. Also, digital health companies with a female CEO received just 9 percent of total digital health funding in 2016, according to the company.

“Amid uncertainty in the healthcare landscape, people are taking control and becoming proactive and informed healthcare consumers. Julia Cheek and EverlyWell have reimagined the lab testing experience – providing customers an affordable, convenient, personalized solution – without having to navigate a complicated healthcare system,” EverlyWell investor Lisa Cuesta, Vice President at NextGen Venture Partners, said in a news release. “EverlyWell distinguishes itself as a reliable brand that customers can trust to deliver high-quality, consistent service so they can feel more confident making decisions about their health and wellness.”

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