Foley & Lardner LLP represented Sesame, a direct-pay health care marketplace startup, in its $27 million Series B funding round led by GV (formerly Google Ventures). Virgin Group, TeleSoft Partners, and FMZ Ventures also participated in the latest round as new investors, alongside existing backers General Catalyst, Industry Ventures, Coefficient Capital, Giant Ventures, and Alumni Ventures Group. The financing brings Sesame’s total equity raised since its 2019 inception to $75 million.
Sesame is a two-sided health care marketplace where patients pay doctors directly for affordable, quality care. Through its dynamic marketplace, Sesame gives patients a full-scope health care experience across all levels of care, including telehealth, prescriptions, and in-person consults. The company lowers the price of health care by cutting out the bureaucracy and rules associated with health insurance and giving consumers a way to access physicians, including specialists, on a pay-per-visit basis. Sesame will use its new capital primarily to transition its membership product from beta into general availability.
Partner Thomas (T.J.) Ferrante, a member of Foley’s national Telemedicine & Digital Health Industry Team, advised Sesame on its Series B funding round.
The Telemedicine & Digital Health Industry Team helps venture-backed and high-growth companies embrace emerging issues in virtual care, enabling them to provide innovative care for patients in new markets around the block and around the world. Foley is committed to helping entrepreneurs fulfill their goals of harnessing new technology to reach patients anywhere, delivering care without borders or geographic limitations. The firm helps create fully-fledged telemedicine offerings, providing end-to-end legal services by coupling precise strategic guidance with rapid turnarounds to maintain that sense of urgency necessary to launch new initiatives and remain competitive in the marketplace. Learn more at www.foley.com/telemedicine.