First Stop Health, a Chicago-based telehealth startup for the employer market, raised $6.5 million in equity capital during a recent funding round.
The company — which provides telemedicine and care navigation services to members via phone, video and app consultations — has raised a total of $14.2 million since its founding in 2011.
"With rapid annual revenue growth, this investment capital allows us to further our vision of transforming the patient healthcare experience," co-founder and CEO Patrick Spain said in a news release.
The latest funding round was led by Joe Mansueto, founder and chairman of investment management firm Morningstar, and Rich Gallun, co-founder and former CEO of benefits platform provider bswift.
Mr. Spain and Mark Friedman, MD, co-founder and CMO of the startup, also participated in the round.