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98point6
Rapidly growing healthcare company bringing deep technology and medicine together to transform primary care
About 98point6
98point6 Technologies has undergone a significant transformation, pivoting from a direct-to-consumer and employer-based virtual care provider to a technology licensor for health systems. Originally founded in 2015 by Robbie Cape, the former CEO of Cozi, a family organizing software company acquired by Time Inc., the company initially aimed to make primary care more accessible and affordable through a text-based platform. The initial business model involved selling subscriptions directly to consumers and employers, offering on-demand access to board-certified physicians for a flat fee. This approach gained considerable traction, especially during the COVID-19 pandemic, leading to a substantial increase in its user base and a valuation that reportedly reached $1.7 billion after a Series E funding round in 2020.
Read full description
The company's core offering is the 98point6 Technology Platform, a cloud-based software solution designed to power virtual care services. This platform integrates artificial intelligence with automated clinical practice standards to streamline the care process. Key components include a patient-facing mobile application, which can be branded by the client, and a Clinician Console for providers. The system uses an AI-driven patient intake process, including a chatbot, to gather information before the patient interacts with a physician, aiming to make consultations more efficient. For health systems, the platform provides the necessary tools to establish or expand their own virtual care offerings, giving them a technological advantage in a competitive market.
In a strategic shift announced in 2023, 98point6 sold its direct-to-consumer and employer-focused virtual care business to Transcarent, a health and care experience company. Concurrently, the company laid off a significant portion of its workforce, including its physician team, to align with its new focus as a B2B software-as-a-service (SaaS) provider. This pivot allows 98point6 to concentrate on licensing its proprietary technology to hospitals and health systems, enabling them to deliver virtual care under their own brands. The revenue model is now based on licensing fees for its platform, which includes the software, professional services, and ongoing support.
At a glance
- Status
- Acquired
- Founded
- 2015
- Headquarters
- Seattle, United States
- Employees
- 62
- Open positions
- None listed
- Dealroom signal
- 63.8/100
- Industry
- Health
- Sub-industry
- Health Platform
- Sector
- Health Tech & Medtech, Telemedicine, Core AI, Tech for Medical Professionals, Tech for Patients, Physician Support Tools, Hard Tech, AI Applications
- Technology
- Artificial Intelligence, Mobile app
- Client focus
- b2b, b2c
Latest news
Press, funding announcements and product moves mentioning 98point6.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GROWTH EQUITY VCOther financing | Apr 2023 | $32M | — | Activant Capital · L Catterton | ↗ |
| ACQUISITIONOther financing | Mar 2023 | $100M | — | Transcarent | ↗ |
Growth signals
Latest recorded traffic for 98point6 is 3.6K monthly website visits, down 16.3% over the last three months. 98point6's team declined 34% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later4 investors entered at this stage
Goldman Sachs
Nader J. Naini
L CattertonActivant Capital
Other known investors1 additional known investor
Transcarent
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about 98point6 on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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