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Sesame Raises $27 Million in Series B Financing; Plans to Achieve a Wider Membership Base and Expand Care Options

While it tends to boast many notable features, the best thing about a human life is how you can always make it better. This fact alone enables us big time in regards to achieving some significant milestones along the way. Talk about all the milestones we have achieved so far, each one has brought a unique value to our overall experience, and yet none of them can seemingly hold its own once compared with technology. Technology appears as such a clear-cut anomaly for reasons that go beyond its ingenious skill-set. You see, they also revolve a lot around the manner in which the creation uses those skills to impact our entire spectrum. The said reality, like you can guess, produces a host of beneficiaries across the board, and one among them is our very own healthcare sector. Technology’s linkup with healthcare was a major turning point in both the disciplines’ journey, considering it gave them a foundation that they never had before. For technology, the foray played a big role in convincing people about its reliability, while for healthcare; it was all about moving on from an outright obsolete structure. However, even after clocking the stated goals, the linkup will continue to deliver the right goods. In fact, one recent funding should only bolster this trend moving forward.

Sesame, an online marketplace offering healthcare services, has successfully secured over $27 million in Series B financing. Led by GV, the round saw many other participants, including Virgin Group, TeleSoft Partners, FMZ Ventures, General Catalyst, Industry Ventures, Coefficient Capital, Giant Ventures, and Alumni Ventures Group, throwing their hat in the ring. According to certain reports, the company plans on using the newly-raised cash to help its membership product realize a wider rollout. Apart from it, Sesame will also dedicate some funds towards expanding care options. The reason why this raise is so significant is predicated upon the company’s primary goal of giving people, who have been historically priced out of receiving the care they need, a solution that is viable from financial, as well as quality standpoint. It manages the said pursuit by offering appointment services for a myriad of needs such as primary care, chronic care management, specialty medicine, acute care consultations, dentistry, and imaging. Interestingly enough, the service is available in both in-person and telehealth format. Furthermore, another incentive to use Sesame’s platform is how it offers detailed clinicians’ reviews so to get you to make an informed decision. This is, of course, partnered with a pocket-friendly price, which on average, falls below $40.

“Think of us as an Expedia for medical care,” said David Goldhill, CEO of Sesame. “Doctors and providers list their services with a specific cash price, just like an airline might list a flight on Expedia, and consumers can buy what they want directly and simply online, without the middleman of an insurance company. Providers can price dynamically, modifying and varying pricing to offer affordable rates at all times of day and all days of the week. This concept has not existed yet within healthcare.”

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