Blue Venture Fund and CVS Health Ventures helped the telemedicine system developer raise funding which will boost its expansion into new markets and expand its treatment offering.
Workit Health, a US-based telehealth addiction treatment provider has received $118m in a series C round featuring health services firm CVS Health and Blue Venture Fund, which represents 35 BlueCross BlueShield health insurers.
The round was led by growth capital firm Insight Partners and also backed by FirstMark Capital and 3L Capital while CVS Health invested through corporate venturing arm CVS Health Ventures.
The round is composed of $90m in equity funding and $28m in debt financing and valued Workit…
