eVisit Funding, Investors & Competitors

eVisit has raised $111M across 5 funding rounds, most recently a $45M Series B in September 2021.

Last eVisit funding round

$45M

Series B · Sep 2021

Cumulative funding eVisit raised

$111M

across 5 funding rounds

Key investors in eVisit

  • Kickstart
  • Jeremy Andrus
  • Service Provider Capital
  • Goldman Sachs Growth Equity
  • TVC Capital
  • PHX Ventures
  • University Growth Fund
  • Arizona Founders Fund

eVisit Overview

About eVisit

eVisit is a telemedicine platform connecting primary care physicians with patients via webcam or phone for virtual consultations. Headquartered in Norfolk, Virginia, the software supports remote diagnosis of minor conditions, e-prescribing, co-pay collection, and billing integration while preserving doctor-patient relationships within patient-centered medical homes across the U.S.


Founded

2013

HQ

United StatesPhoenix, AZ

Website

evisit.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

eVisit Funding History

eVisit has raised a total of $111M across 5 funding rounds.

eVisit's first fundraising round was a $2M seed round in June 2017. The most recent completed round was a $45M Series B in September 2021.

eVisit funding rounds

eVisit funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2021Series BGoldman Sachs Growth Equity (lead); Steven Barlow; Bray Capital; Thomas Burton; Texas Health Resources$45MeVisit, a leading SaaS telehealth platform designed for large healthcare providers, closed a $45 million Series B funding round on September 21, 2021, led by the Growth Equity business within Goldman Sachs Asset Management, with participation from Texas Health Resources, Tom Burton and Steve Barlow (co-founders of Health Catalyst), and existing investors. The company plans to use the capital to scale its go-to-market efforts, enhance its Virtual Care platform, and invest in technology capabilities. eVisit's HIPAA-compliant platform facilitates millions of virtual visits annually, serving major customers like Banner Health, Texas Health Resources, and Concentra, while driving efficiencies, reducing costs, and improving patient outcomes. The funding comes amid rapid operational growth and staff expansion, fueled by enterprise demand for virtual care solutions. eVisit was named the only Leader in The Forrester Wave™: Virtual Care Platforms in Digital Health and appeared on the Inc. 5000 list of America's fastest-growing companies, though specific revenue figures or growth percentages beyond general mentions are not detailed in announcements. The platform emphasizes clinical interoperability, user interface, billing support, and reimbursement processes, positioning eVisit strongly in the market. Goldman Sachs highlighted eVisit's potential to capture market share in virtual care, which is increasingly vital for modernizing healthcare delivery amid pressures for cost reduction and quality improvement. Co-founder and CEO Bret Larsen emphasized confidence in the technology platform and product roadmap. The company, founded in 2015 and based in Mesa/Phoenix, Arizona, had raised $75 million total prior to this round and was actively hiring to meet demand.
Jun 2021Series BKickstart (lead)$40MeVisit is a SaaS telehealth platform providing scheduling, intake, waiting room management, discharge functions, and EHR integrations for hospitals and health systems. Founded in 2013, it received $2M in 2017 from Kickstart Seed Fund, Arizona Founders Fund, and an angel investor. A $14M Series A round was led by TVC Capital with participation from Kickstart Seed Fund, University Growth Fund, and Jeremy Andrus, aimed at expanding the technology platform and operations amid COVID-19 telehealth growth. In September 2021, eVisit closed a $45M Series B financing round led by Goldman Sachs Asset Management's Growth Equity, with participation from Texas Health Resources, Health Catalyst co-founders Tom Burton and Steve Barlow, and existing investors including Kickstart. The funds were allocated to enhance the enterprise care delivery platform, scale sales and marketing, and support growth driven by demand from customers like Banner Health, Concentra, and Easter Seals. The platform facilitates millions of virtual visits annually, improving efficiencies, reducing costs, and enhancing patient outcomes. eVisit was recognized by Forrester as a Leader in Virtual Care platforms and ranked No. 2,300 on the 2021 Inc. 5000 list.
Oct 2020Series ATVC Capital (lead); Kickstart; Channel Equity Partners; Jeremy Andrus; University Growth Fund$14MeVisit is a SaaS telehealth platform founded in 2013 that provides hospitals and health systems with tools for scheduling, intake, waiting room management, discharge, and integration with EHRs and analytics platforms. The company raised $14 million in a Series A round on October 20, 2020, led by TVC Capital with participation from Kickstart Seed Fund, University Growth Fund, and Jeremy Andrus. This followed a $2 million round in 2017 from Kickstart Seed Fund, Arizona Founders Fund, and an angel investor. The funding supports expansion of eVisit's technology platform, customer care, hiring, and marketing and sales efforts amid rapid telehealth growth during the COVID-19 pandemic. CEO Bret Larsen highlighted the investment's role in powering virtual care strategies for North American hospitals and health systems. TVC Capital's Steve Hamerslag praised eVisit's enterprise-class offering and adoption by large customers.
Dec 2019SeedKickstart (lead); PHX Ventures; Sam Blackman; Service Provider Capital; Alan Ram; Chris Reap$10M-
Jun 2017SeedKickstart; Arizona Founders Fund; Jeremy Andrus$2M-

Who has invested in eVisit?

16 investors have backed eVisit across its funding rounds, including Kickstart, Jeremy Andrus, Service Provider Capital, Goldman Sachs Growth Equity, TVC Capital and PHX Ventures.

Lead investors include Goldman Sachs Growth Equity, Kickstart and TVC Capital.


eVisit Investors

Investors in eVisit by funding rounds participated
InvestorHQRoundsRoleFirst check
KickstartUnited StatesSalt Lake City, UT4LeadJun 2017
Jeremy AndrusUnited StatesSalt Lake City, UT2ParticipantJun 2017
Channel Equity PartnersUnited StatesSan Diego, CA1ParticipantOct 2020
PHX VenturesUnited StatesPhoenix, AZ1ParticipantDec 2019
Steven BarlowUnited StatesSalt Lake City, UT1ParticipantSep 2021
Sam BlackmanUnited StatesUnited States1ParticipantDec 2019
Service Provider CapitalUnited StatesDenver, CO1ParticipantDec 2019
TVC CapitalUnited StatesSan Diego, CA1LeadOct 2020
Bray CapitalUnited KingdomUnited Kingdom1ParticipantSep 2021
Arizona Founders FundUnited StatesPhoenix, AZ1ParticipantJun 2017
Alan RamUnited StatesUnited States1ParticipantDec 2019
Goldman Sachs Growth EquityUnited StatesNew York City, NY1LeadSep 2021
Thomas BurtonUnited StatesSalt Lake City, UT1ParticipantSep 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by eVisit

eVisit has acquired 1 company to date.

Last acquisition by eVisit was on April 27th 2023. eVisit acquired Bluestream Health for undisclosed valuation.


Latest Acquisitions by eVisit

Bluestream Health
Description
Bluestream Health is a telehealth platform that equips healthcare providers with virtual visit tools supporting multiple languages and age groups. Its solutions integrate with electronic health records from athenahealth and eClinicalWorks, enabling seamless patient care across locations. The Atlanta-based company delivers features like asynchronous messaging, e-prescribing, and AI-powered visit summaries. Bluestream serves primary care, behavioral health, and pediatrics practices nationwide, with deployments in over 30 states. Founded in 2017, it emphasizes compliance with HIPAA and HITRUST standards.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date27 Apr 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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eVisit Competitors

eVisit competitors include listed companies like Max Healthcare Institute and Oscar Health, and private ones like Devoted Health, Ping An Good Doctor, Ro and WeDoctor.

Public and private companies comparable to eVisit
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Devoted HealthUnited StatesBoston, MAPrivate$3.3B-$13B4.0x
Max Healthcare InstituteIndiaIndiaPublicly listed$858M$232M$10B10.2x
Oscar HealthUnited StatesUnited StatesPublicly listed$12B($391M)$9.9B0.4x
Ping An Good DoctorChinaShenzhenPrivate$271M-$8.8B32.5x
RoUnited StatesNew York City, NYPrivate$598M-$7B11.7x
WeDoctorChinaHangzhouPrivate$139M-$7B50.4x

eVisit Public Comps

eVisit is still privately-owned, but its public comps include Max Healthcare Institute, Oscar Health, Hims, Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Guiyang Longmaster and Medley Inc..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Max Healthcare Institute$858M$232M12.6x10.2x46.5x36.8x
Oscar Health$12B($391M)0.5x0.4x(15.9x)12.8x
Hims$2.3B$178M3.1x2.4x40.4x23.9x
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x
JMDC$324M$88M5.0x4.6x18.4x17.9x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Talkspace$229M$6M3.4x3.4x129.3x49.4x

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Common questions about eVisit

When was eVisit founded?eVisit was founded in 2013.
Where is eVisit headquartered?eVisit is headquartered in Phoenix, AZ, United States.
Is eVisit publicly listed?No, eVisit is a private, VC-backed company.
How much funding has eVisit raised?eVisit has raised $111M across 5 funding rounds.
What was eVisit's last funding round?eVisit's last funding round was a $45M Series B in September 2021, led by Goldman Sachs Growth Equity.
Who are eVisit's investors?eVisit's investors include Kickstart, Jeremy Andrus, Channel Equity Partners, PHX Ventures, Steven Barlow, Sam Blackman, Service Provider Capital, TVC Capital, Bray Capital, Arizona Founders Fund and 6 others.
Which companies are comparable to eVisit?Companies comparable to eVisit include Devoted Health, Max Healthcare Institute, Oscar Health, Ping An Good Doctor, Ro and WeDoctor.
How many companies has eVisit acquired?eVisit has acquired 1 company, including Bluestream Health.

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