Vesta Healthcare Raises $65M in Financing for Homecare Growth

NEW YORK—Vesta Healthcare, a virtual care provider in the homecare industry, announced it has closed a $65 million “Series C” funding round with new debt financing.

The round was led by RA Capital Management, with participation from Oak HC/FT, Chrysalis Ventures and others. The debt financing was provided by Horizon Technology Finance Corporation.

“The home is the last frontier of health care, and caregivers are the most vital yet disconnected resource in the delivery system,” said Randy Klein, chief executive officer of Vesta Healthcare. “We’re proud of what we’ve built with the support of our existing investors and thrilled for RA Capital Management, Chrysalis and Horizon to join the team.”

Vesta Healthcare serves more than 50,000 people and works to improve homecare by connecting the entire care team, patients, family, homecare agencies and insurance plans. The company’s technology and services span from home-based primary care to passive monitoring.

“We continue to believe that caregivers have an outsized ability to impact the health of those they support, and Vesta Healthcare’s model has effectively integrated caregivers into the clinical care teams,” said Annie Lamont, Oak HC/FT co-founder and managing partner. “Oak HC/FT is proud to continue our support of Vesta Healthcare in this new phase of growth.”