Main Street joined the Unicorn Club on October 2023 after raising a $315M Series D funding round led by Oak HC/FT, achieving a valuation of $1.52B. The company is a value-based healthcare provider focused on rural areas, helping clinics improve care coordination, preventive screenings, patient scheduling, and leveraging data to succeed in value-based care solutions.
What Is Main Street and What Does It Do?
Main Street, founded in 2021, Main Street is a Nashville, Tennessee-based healthcare IT company specializing in value-based care solutions for rural America.
The company operates with 5 employees (as of Dec 31, 2022). It provides tools for clinic providers to improve patient care, coordinate preventive screenings, schedule primary care visits, and leverage actionable data to optimize operations.
Its focus on rural healthcare ensures underserved communities have access to effective and efficient care solutions.
How Much Funding Has Main Street Raised?
1. Series D
- Amount Raised: $315M
- Date: October 8, 2023
- Lead Investors: Oak HC/FT
- Motivation: To scale operations, improve rural care coordination, and enhance technology infrastructure.
2. Series D
- Amount Raised: $190M
- Date: May 19, 2023
- Lead Investors: Not publicly disclosed
- Motivation: To expand healthcare IT solutions for rural clinics and enhance service delivery.\
Total Funding Raised: $505 Million
Current Valuation: $1.52 Billion (as of Oct 2023)
Latest Funding Date: October 2023
Key Investors
1. Oak HC/FT
- Details: Oak HC/FT is a healthcare and fintech-focused investment firm that provides growth capital to innovative companies.
- Investment Focus Areas: Healthcare IT, value-based care, financial technology.
- Notable Investments: Main Street, Relatient, Health Catalyst.
2. HLM Venture Partners
- Details: HLM Venture Partners invests in high-growth healthcare, IT, and technology companies.
- Investment Focus Areas: Healthcare technology, digital health, enterprise software.
- Notable Investments: Main Street, other early- to growth-stage healthcare startups.
Where Is Main Street’s Headquarters?
Main Street is headquartered in Nashville, Tennessee, providing access to a growing healthcare ecosystem, regional talent, and opportunities to partner with rural clinics and healthcare providers across the United States.
What’s Next for Main Street?
Main Street plans to leverage its Series D funding to expand its rural healthcare footprint, enhance its technology platform, and partner with more clinics across the U.S. The company aims to improve care delivery efficiency and patient outcomes while exploring future fundraising to strengthen its market position in value-based care.
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