medical tests make a lot of sense. For patients, the benefits are obvious: They’re much less laborious than exams that require driving to a nearby emergency room, doctor’s office, or hospital. As for clinicians, who perform over seven billion lab tests in the U.S. annually and use 70% of those tests in medical diagnoses, they thin out waiting rooms and help staff prioritize urgent cases.
So it’s not terribly surprising that Austin, Texas-based , which has been selling and processing at-home health tests since 2015, had no trouble attracting a fresh round of funding. It today announced that it’s raised $50 million in financing led by Goodwater Capital, with participation from Highland Capital Partners, Next Coast Ventures, NextGen Venture Partners, and others. It follows