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PursueCare

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PursueCare is a technology-enabled health services startup

Middletown, United StatesFounded 2019Health Tech & Medtech
Valuation $100–250M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for PursueCare and the history behind them.

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 data

At a glance

Status
Operational
Founded
2019
Headquarters
Middletown, United States
Employees
59
Open positions
2
Dealroom signal
61.6/100
Industry
Health
Sub-industry
Health Platform
Sector
Health Tech & Medtech, Addiction, Hard Tech

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 —
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Growth signals

PursueCare website traffic

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.

Latest monthly visits39K 3-month web change-9.3% 1-year team growth-3.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

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

Seed1 investor entered at this stage

  • Starboard 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.
Team profiled 4 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 States97.8%
🇳🇱 Netherlands2.2%
2 countries shown

Market sentiment

Posts on X, past 7 days

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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