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Announced

Completed

Insight Partners led a $49m funding round in TytoCare.

Financials

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Transaction Value£35m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Minority

Private

Private Equity

Completed

Friendly

Single Bidder

telehealth platform

Health Care Services

United States

Venture Capital

Synopsis

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Insight Partners, a private equity firm, led a $49m funding round in TytoCare, a virtual care company, with participation from MemorialCare, Healthcare of Ontario Pension Plan and Clal Insurance Enterprises Holdings. “Virtual care has shown great promise, but audio-video options still fail to deliver the value of a doctor’s appointment and ultimately earn the trust of patients. As TytoCare continues to grow, we hope to help more people experience clinic-quality care from home, and help unlock the potential of remote care,” Dedi Gilad, TytoCare Co-Founder and CEO.

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