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98point6

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Rapidly growing healthcare company bringing deep technology and medicine together to transform primary care

Seattle, United StatesFounded 2015Health Tech & Medtech
Valuation $100–500M Latest valuation · 2020
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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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.

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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.

Source: Dealroom company data

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.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GROWTH EQUITY VCOther financing Apr 2023 $32M Activant Capital · L Catterton
ACQUISITIONOther financing Mar 2023 $100M Transcarent
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

98point6 website traffic

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.

Latest monthly visits3.6K 3-month web change-16.3% 1-year team growth-34%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later4 investors entered at this stage

Other known investors1 additional known investor

  • Transcarent
Team profiled 36 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States96.3%
🇨🇦 Canada3.7%
2 countries shown

Market sentiment

Posts on X, past 7 days

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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