DexCare

DexCare

Improves patient-provider matching solutions

About DexCare

Simplify's Rating
Why DexCare is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series C

Total Funding

$141M

Headquarters

Seattle, Washington

Founded

2021

Overview

DexCare focuses on enhancing patient care discovery in the healthcare sector. Its platform helps match patients with appropriate healthcare providers efficiently, aiming to reduce wait times and improve the patient-clinician experience. By partnering with health systems across the U.S., DexCare's technology allows for flexible patient access across various care settings. The platform has demonstrated effectiveness, with case studies indicating a 30% increase in new patient acquisition for its partners. Unlike many competitors, DexCare emphasizes a mission-driven approach that values diversity, equity, and inclusion, while also promoting a flexible remote work culture for its employees.

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Simplify's Take

What believers are saying

  • DexCare closed a $75M Series C funding round to expand its platform.
  • Mass General Brigham's implementation highlights DexCare's growing digital health integration.
  • DexCare's acquisition of Womp, Inc. enhances its eCommerce capabilities in healthcare.

What critics are saying

  • Tech giants like Google and Amazon pose competition with advanced AI capabilities.
  • Rapid AI advancements may require costly updates to DexCare's platform.
  • Labor shortages could limit DexCare's effectiveness in patient-provider matching.

What makes DexCare unique

  • DexCare transforms patient-provider relationships into scalable digital experiences.
  • The platform increases revenue from digital-first patients while reducing acquisition costs.
  • DexCare's platform flexibly matches patient access across care settings.

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Funding

Total Funding

$141M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$75M
DexCare
$100M
Oura

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-5%

2 year growth

11%
Healthcare IT Today
Jul 2nd, 2024
DexCare Gains New Strategic Investors

DexCare, Inc. announced the addition of three strategic investors—Community Health Network, Tampa General, and Texas Health Resources—in its Series C funding round led by ICONIQ Growth. These partners join existing investors like Providence and Kaiser Permanente. DexCare's care orchestration platform has surpassed 3 million scheduled visits, helping health systems manage patient demand and resources efficiently amidst labor shortages and rising costs.

VC News Daily
Jun 12th, 2024
DexCare Announces Additional Investors

SEATTLE, WA, DexCare today announced the addition of three strategic investors, Community Health Network, Tampa General and Texas Health Resources.

Becker's Hospital Review
Jul 14th, 2023
Google AI, 5G, virtual nursing: Innovation at mayo, Cleveland clinic, Intermountain

— Palo Alto, Calif.-based Stanford Medicine is partnering with venture capital group Northpond Ventures to launch a new innovation lab.

Business Wire
Jun 22nd, 2023
DexCare Closes $75M in Series C Funding, Led by ICONIQ Growth, to Accelerate Market Expansion of its Care Access Platform

DexCare, Inc., the leading patient demand and care access platform, today announced the close of its $75 million Series C funding round led by ICONIQ

Business Wire
Jun 9th, 2023
DexCare Closes $50M Series B Funding Led by Transformation Capital to Advance Its Digital Care Operating System

DexCare, Inc., a data-driven intelligence company focused on healthcare access, announced a $50M Series B funding led by Transformation Capital.

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