VillageMD joined the Unicorn Club on June 8, 2020 after raising a $1 billion Series C funding round led by Walgreens Boots Alliance. Headquartered in Deerfield, Illinois, United States, VillageMD provides value-based primary care management tools that enable providers to make data-driven decisions using clinical analytics and customized practice dashboards. Its platform supports care delivery in clinics, virtual visits, and remote monitoring.
Keep reading to learn how VillageMD became a leader in primary care and healthcare IT solutions.
What Is VillageMD and What Does It Do?
Founded in 2013, VillageMD develops technology-enabled solutions for primary care providers. Its platform delivers clinical analytics, dashboards, and care coordination tools to optimize patient outcomes. VillageMD integrates virtual visits, remote monitoring, and in-clinic workflows, allowing providers to deliver value-based care efficiently while improving patient satisfaction and operational effectiveness.
How Much Funding Has VillageMD Raised?
1. Seed Round
- Amount Raised: $15 million
- Date: 2013–2014
- Lead Investors: Kinnevik
- Purpose: Launch company, develop primary care management platform, and hire key personnel
2. Series A Round
- Amount Raised: $50 million
- Date: 2015
- Lead Investors: Adams Street Partners
- Purpose: Expand platform, integrate analytics and dashboards, and grow provider network
3. Series B Round
- Amount Raised: $160 million
- Date: 2017
- Lead Investors: Kinnevik, Adams Street Partners
- Purpose: Scale operations, improve virtual care tools, and expand patient reach
4. Series C Round
- Amount Raised: $1 billion
- Date: June 8, 2020
- Lead Investors: Walgreens Boots Alliance
- Purpose: Accelerate growth, expand primary care network, and enhance technology platform
Total Funding Raised: $1.22 billion
Latest Funding Date: June 8, 2020
Latest Known Valuation: Unicorn (>$1 billion)
Key Investors
- Walgreens Boots Alliance
- Details: Global pharmacy-led health and wellbeing company investing in healthcare innovation
- Focus Areas: Value-based care, primary care expansion, and technology-enabled health solutions
- Kinnevik
- Details: Investment firm backing growth-stage healthcare and technology companies
- Focus Areas: Healthcare IT, digital health, and high-growth startups
- Adams Street Partners
- Details: Global private markets investment firm
- Focus Areas: Early and growth-stage healthcare technology and IT solutions
Where Is VillageMD’s Headquarters?
VillageMD is headquartered in Deerfield, Illinois, United States, supporting product development, operations, and provider services for its primary care management platform.
What’s Next for VillageMD?
VillageMD plans to expand its value-based primary care platform, enhance analytics and virtual care tools, and scale its provider network across the United States. The company aims to improve patient outcomes, operational efficiency, and technology adoption in primary care practices.
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