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Pomelo Care, a virtual maternity care platform, has raised $92 million in Series C funding, boosting its valuation to $1.7 billion.
Stripes led the round, with participation from Andreessen Horowitz, PLUS Capital, Atomico, BoxGroup and SV Angel.
WHAT IT DOES
Pomelo offers 24/7 virtual care, including a multispecialty clinical team, to identify risks early, enable continuous monitoring and close care gaps. The company says it provides medical care in collaboration with in-person providers.
The New York-based company will use the funds to expand its current maternity care model through partnerships with employers and health plans. It will also expand beyond maternity to include children and women's health, such as reproductive care, hormonal health, and care during menopause and perimenopause.
"We are thrilled to double down on our partnership with Pomelo and are proud to support Marta [Bralic Kerns, founder and CEO of Pomelo] and the entire Pomelo team on their mission to build a category-leading business in women's and children's healthcare," Ron Shah, partner at Stripes, said in a statement.
"Pomelo has reached national scale at an unprecedented rate – now serving 25 million covered lives through Commercial and Medicaid health plan partnerships across the United States," Shah said. "The power of Pomelo's amazing product is clear: exceptional patient satisfaction and strong clinical results showing meaningful reductions in pregnancy-related complications. We believe Pomelo's intelligent care platform will power continued rapid growth and product expansion, meeting rising demand from patients and payers with a modern clinical experience and best-in-class operating metrics."
MARKET SNAPSHOT
In 2024, Pomelo Care secured $46 million in Series B funding, just one year after scoring $33 million in seed and Series A funding.
That same year, the company announced it acquired The Doula Network, which provides access to doula-supported perinatal care.
The Doula Network was fully integrated into Pomelo's care model, and following the acquisition, patients were able to partner with a community-based doula whose team would work with the patient's existing healthcare providers to manage medical, behavioral and social needs.
