Better Health secures additional funding

SAN FRANCISCO – Better Health, an online supplier of urological and ostomy supplies, announced today a $10 million Series A funding that it will use to expand its services.

“We’re excited to continue supporting our members in managing their health at home and to expand our services and offering to meet their growing needs,” said Naama Stauber Breckler, CEO and co-founder of Better Health. “When it comes to medical supplies, receiving the right support makes all the difference in improving patient health outcomes and in reducing overall utilization of care.”

Funding will be used to build out the company’s capabilities to include specialized telehealth services covered by insurance, expand its model of bundled supplies, education and telehealth into new categories of products and chronic conditions, and expand its partnerships with health systems and payers.

The funding round is led by Caffeinated Capital and General Catalyst with participation from Bill Ackman’s family office, Table Management, 8VC, Anorak Ventures, Tank Hill Venture Partners, Motive Science, Modern Ventures and Unpopular VC.

Better Health launched earlier this year with $3.5 million in seed funding.

“I love investing in exceptional founders, building category-defining companies disrupting antiquated markets with low NPS, said Raymond Tonsing, founder and managing partner at Caffeinated Capital. “Since investing in its seed round Better Health had grown tremendously, it grew its member base 4.5 times in the first half of 2021 alone. I’m excited about what the coming year will bring.”