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PursueCare
PursueCare is a technology-enabled health services startup
About PursueCare
PursueCare is a telehealth provider focused on addiction recovery and mental health services, founded in 2019 by Nicholas Mercadante. A former healthcare attorney, Mercadante's experience with the healthcare system, including a personal journey with a GI condition, and his work in behavioral health and telehealth, shaped his mission to dismantle barriers to addiction treatment through technology. The company was established to address the critical gaps in care, particularly for underserved and remote communities, by providing accessible and private treatment.
The company operates a virtual clinic through a proprietary mobile application, offering a comprehensive suite of services for individuals with substance use disorders (SUD), including for opioids, alcohol, and stimulants, as well as co-occurring mental health conditions. PursueCare's business model is centered on partnerships with health systems, hospitals, community health centers, employers, and health plans, including Medicaid and Medicare, to integrate its virtual services and act as an in-network provider. This collaborative approach aims to create a seamless transition for patients from various settings, like emergency rooms, into a continuous care model.
The core of PursueCare's offering is its technology-enabled platform that provides patients with a multidisciplinary care team. This team includes addiction medicine providers, psychiatrists, counselors, therapists, and pharmacists. Key services include Medication-Assisted Treatment (MAT), personalized therapy and counseling, psychiatric care for dual diagnoses, and at-home lab testing. A distinguishing feature is its in-house, Joint Commission-accredited pharmacy, PursueCareRx, which allows for discreet home delivery of prescribed medications, including buprenorphine (Suboxone). In a significant milestone, PursueCare acquired the FDA-authorized digital therapeutics reSET® and reSET-O® in December 2023, which provide app-based cognitive behavioral therapy to support recovery. This acquisition, part of a $20 million Series B funding round, enhances the company's ability to offer a data-driven, value-based care model focused on improving patient outcomes and reducing healthcare costs.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Dec 2023 | $20M | $80M | OCA Ventures · Yamaha Motor Ventures · T.Rx Capital · Seyen Capital | ↗ |
| SERIES A✓Equity / VC | Apr 2021 | $7M | $28M | Wasabi Ventures · Seyen Capital · OCA Ventures | — |
Growth signals
Latest recorded traffic for PursueCare is 39K monthly website visits, down 9.3% over the last three months. PursueCare's team declined 3.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
- SPStarboard Capital Partners
Series A5 investors entered at this stage
Seyen Capital
OCA Ventures
Wasabi Ventures
Yamaha Motor Ventures
T.Rx Capital
Other known investors1 additional known investor
Advection Growth Capital.
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about PursueCare 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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