GEM HEALTH Secures $7 Million Series A to Scale Transformative Virtual Sleep Care
- Editor
- Mar 4
- 1 min read
Whats Happening:
GEM HEALTH, a nationwide virtual specialty care company, has secured a $7 million Series A funding round. The investment was co-led by HealthTrend Capital and LFE Capital, with participation from existing investors Base10 Partners and Mairs & Power Venture Capital. This funding will enable GEM HEALTH to rapidly expand its virtual sleep services and develop new solutions for patients with sleep conditions, particularly obstructive sleep apnea.
Key Moves:
GEM HEALTH secures $7M Series A funding round
Funding co-led by HealthTrend Capital and LFE Capital
GEM HEALTH to expand virtual sleep services and develop new solutions
By The Numbers:
70% of GEM's patients continue treatment beyond 30 days vs. 40-50% national average
GEM SLEEP saved patients and insurers nearly $15M in healthcare costs in 2024
GEM HEALTH's business grew 7x in 2024
Key Quotes:
"This funding marks a pivotal moment in our journey," said Brian Sauer, Founder and CEO of GEM HEALTH.
"We are thrilled to continue leading the charge in virtual sleep care and are committed to expanding access to life-changing treatment for sleep apnea."
"GEM HEALTH is transforming sleep care with an accessible, outcomes-driven virtual solution that improves lives and reduces healthcare costs," said TJ Nahigian, co-founder and Managing Partner, at Base10 Partners.
Bottom Line:
GEM HEALTH's $7 million Series A funding round positions the company to significantly expand its virtual sleep care services, potentially transforming the landscape of sleep health treatment. With a focus on improving access, reducing costs, and enhancing patient outcomes, GEM HEALTH aims to address the unmet needs of millions struggling with sleep disorders, particularly obstructive sleep apnea.
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