Centene joins $110M funding round for chronic condition management startup

Virtual chronic care platform Vida Health closed a $110 million series D funding round May 5, with participation from Centene, General Atlantic and AXA Venture Partners.

Vida's clients include employers such as Centene, Humana, Blue Cross Blue Shield, Boeing, Visa, Cisco and eBay.

Since the beginning of 2020, the company has more than tripled its revenue and expanded its network of therapists, coaches, dietitians, and diabetes educators by more than 400 percent. It also launched a comprehensive experience for Spanish-speaking users.

"Providing virtual care options for our members living with chronic physical and mental conditions has never been more important," Kim Henrichsen, Centene's senior vice president of population health and clinical operations, said in a news release.  "We've seen positive outcomes in our partnership with Vida, including increased enrollment, member engagement, and health outcomes, and we are pleased to invest in Vida to help define a new standard for virtual care moving forward."

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