Color raises $167 million funding at $1.5 billion appraisal to broaden ‘last mile’ of U.S. health infrastructure
Healthcare startup Color has actually raised a significant $167 million in Series D funding round, at an appraisal of$1.5 billion post-money, the business revealed today. This brings the overall raised by Color to $278 million, with its most current big round intended to help it develop on a record year of growth in 2020 with even […]
This brings the total raised by Color to$278 million, with its most current big round planned to help it build on a record year of development in 2020 with even more expansion to assist put in place essential health facilities systems throughout the U.S.– including those related to the “last mile “shipment of COVID-19 vaccines. We saw it numerous times, with laboratory testing, with antigen testing, and now with vaccines, “Color CEO and co-founder Othman Laraki told me in an interview. Laraki told me they did about five-fold their prior year’s company, and while the company is currently set up to grow on its own sustainably based on the revenue it pulls in from clients, its aspirations and strategies for 2021 and beyond made this the ideal time to help it accelerate further with the addition of more capital. Laraki described Color’s approach as one that is both affordable for the business, and also significant cost-saving for the healthcare providers it works with. He’s positive about Color’s ability to assist address those obstacles, and to develop out a’ last mile’delivery system for vital care that expands ease of access, while likewise making sure things are done….
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