How Much Did Omada Raise? Headquarters, Funding & Key Investors

Omada has raised $450 million across several funding rounds, with the largest being a $192 million Series E in February 2022, led by Fidelity Investments, Wellington, and Perceptive Advisors, valuing the company at $1 billion. Founded in 2011, Omada specializes in digital behavioral medicine, offering virtual care programs for diabetes, hypertension, and musculoskeletal conditions. Its data-driven, coach-supported approach helps patients achieve sustainable health improvements. With investors like Andreessen Horowitz and Norwest Venture Partners, Omada continues to expand its footprint in the growing digital health sector.

How Much Did Omada Raise? Funding & Key Investors

Omada has raised a total of $450 million across multiple funding rounds, including a $192 million Series E round in February 2022, led by Fidelity Investments and Wellington at a $1 billion valuation. Founded in 2011, the San Francisco based company focuses on digital behavioral medicine, offering virtual care programs that address chronic diseases such as diabetes, hypertension, and musculoskeletal conditions.

With backing from leading investors like Andreessen Horowitz, Norwest Venture Partners, and Perceptive Advisors, Omada continues to drive innovation in the healthcare IT space.

What Is Omada and What Does It Do?

Omada, founded in 2011 by Adrian James, Andrew DiMichele, and Sean Duffy, is headquartered in San Francisco, California. The company specializes in digital behavioral medicine, providing virtual care programs designed to manage chronic health conditions such as prediabetes, diabetes, hypertension, and musculoskeletal issues.

Omada combines professional health coaching, connected health devices, and personalized feedback to help patients make sustainable lifestyle changes. Its data-driven approach integrates medical expertise with technology, empowering both patients and healthcare providers to improve long-term health outcomes.

With a team of 501-1,000 employees, Omada continues to advance the field of virtual healthcare through personalized, outcomes-based digital care solutions.

How Much Funding Has Omada Raised?

1. Series A

Amount Raised: $4.7M
Date: March 2013
Lead Investors: USVP, Founder Collective, Kapor Capital, New Enterprise Associates, TriplePoint Capital, The Vertical Group
Motivation: To develop Omada’s digital health platform and expand its early-stage chronic disease prevention programs.

2. Series B

Amount Raised: $23M
Date: June 2014
Lead Investors: Andreessen Horowitz, Kaiser Permanente Ventures, USVP, The Vertical Group
Motivation: To scale platform operations and strengthen partnerships with healthcare providers.

3. Series C

Amount Raised: $48.7M
Date: September 2015
Lead Investors: Norwest Venture Partners, Andreessen Horowitz, USVP, Rock Health, and dRx Capital
Motivation: To expand clinical programs and enhance digital tools for patient engagement.

4. Series D

Amount Raised: $73M
Date: June 2019
Lead Investors: Cigna Ventures, Andreessen Horowitz, Sanofi Ventures, Norwest Venture Partners, USVP, Civilization Ventures, Allumia Ventures
Motivation: To accelerate product innovation and expand Omada’s presence in the healthcare IT market.

5. Series E

Amount Raised: $192M
Date: February 2022
Lead Investors: Fidelity Investments, Wellington, aMoon, and Perceptive Advisors
Motivation: To drive growth in virtual care programs, support R&D, and enhance chronic condition management capabilities.

Total Funding Raised: $450 Million
Current Valuation:$1 Billion (as of February 2022)
Latest Funding Date: February 2022

Key Investors

1. Wellington Management

Details: Private, independent investment firm managing over $1 trillion in assets.
Investment Focus Areas: Technology, healthcare, financial services.
Notable Investments: Moderna, Airbnb, Robinhood.

2. Fidelity Investments

Details: Global financial services corporation offering investment management and brokerage services.
Investment Focus Areas: Technology, healthcare, consumer goods.
Notable Investments: Uber, SpaceX, Alibaba.

3. Perceptive Advisors

Details: Healthcare-focused hedge fund managing over $9 billion in assets.
Investment Focus Areas: Biotechnology, pharmaceuticals, medical devices.
Notable Investments: CRISPR Therapeutics, Moderna, Biohaven Pharmaceuticals.

4. Norwest Venture Partners

Details: Global VC and growth equity firm with $9.5 billion under management.
Investment Focus Areas: Technology, healthcare, business services.
Notable Investments: Spotify, Uber, BlueJeans.

5. Andreessen Horowitz

Details: Private venture capital firm managing $16.6 billion in assets.
Investment Focus Areas: Technology, healthcare, consumer goods.
Notable Investments: Facebook, Airbnb, Lyft.

Where Is Omada’s Headquarters?

Omada is headquartered in San Francisco, California, a major hub for healthcare technology and innovation. This location provides access to a strong talent pool, partnerships with medical institutions, and proximity to leading venture capital firms, helping the company drive its growth in the digital health industry.

What’s Next for Omada?

Omada aims to expand its virtual care capabilities and strengthen its position as a leader in digital chronic disease management. The company plans to leverage data analytics, AI, and telehealth integration to enhance patient outcomes and scale globally. With increasing market demand for remote healthcare solutions, Omada is positioned to redefine digital medicine for chronic condition management in the coming years.

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