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New Deal


Announced

Completed

L Catterton and Activant Capital led a $118m Series E round in 98point6.

Financials

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Transaction Value£90m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Completed

Private Equity

Digital Services

Venture Capital

Minority

Acquisition

Domestic

Single Bidder

digital primary care

Private

Friendly

Synopsis

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Investment firms L Catterton and Activant Capital led a $118m Series E round in 98point6, an on-demand digital primary care service that delivers personalized consultation, diagnosis and treatment. Additional funding came from new and returning investors, including Goldman Sachs Merchant Banking Division. "We are excited to work with the 98point6 team on their mission to provide accessible, affordable and quality primary care to everyone. As commerce infrastructure investors, we have seen how technologies can transform legacy industries and believe 98point6 as a platform will continue to see strong growth as consumers increasingly choose technology to access quality care at a lower cost," Steve Sarracino, Activant Capital Founder and Partner.

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