Visana Health Lands $10M in Seed Funding
Minneapolis-based Visana Health, a virtual health clinic focused on comprehensive clinical care for women, announced it has raised $10.1 million in seed round funding.
Visana, which offers its services in all 50 states through health plans and employer benefit plans, provides clinical care for a wide range of women’s health conditions, including menopause, endometriosis, fibroids, PCOS, contraception, and UTIs.
In news release issued last week, Visana said that a pair of health-focused venture capital firms led the funding round: Boston-based Flare Capital Partners and Nashville-based Frist Cressey Ventures. InHealth Ventures, Oxeon Partners, Pixel Perfect Ventures, Venture Investors, and others also participated.
Though it’s based in Boston, Flare Capital Partners is a familiar name in the Twin Cities health sector. In late 2022, Flare worked with Allina Health to launch a new home health venture. A few years back, Flare also invested in Bright Health Group, the ill-fated health insurance upstart.
Joe Connolly, Visana’s co-founder and CEO, said the company plans to use the new funds “to develop and build on existing relationships with national health plans and Fortune 500 companies.” In the release, Connolly said there’s a need for a “comprehensive solution for women’s health care.”
According to Visana’s website, Connolly was inspired to launch the company after watching his mother struggle with unbearable menstrual pain for years before she was finally diagnosed with endometriosis.
Dr. Barbara Levy, chief medical officer of Visana, developed the company’s clinical care model, which is designed to reduce unnecessary surgeries and improve individual patients’ outcomes.
“Most women’s health solutions focus narrowly on maternity and fertility, missing the mark for the 90% of women who aren’t actively building a family,” Visana co-founder and president Shelly Lanning said in the news release. “We built Visana to provide women with in-depth care for all phases of life.”
