hellocare.ai Raises $47M to Revolutionize AI-Driven Virtual Hospital Care
Deal News | Apr 15, 2025 | PR Newswire Cision hellocare
hellocare.ai, based in Clearwater, Florida, has secured $47 million in an oversubscribed funding growth round to accelerate the expansion of its AI-assisted virtual care platform. Led by HealthQuest Capital, the round also saw investments from a coalition of health systems and digital health investors, including Bon Secours Mercy Health, UCHealth, OSF Ventures, and LRVHealth. hellocare.ai's platform is already operational in over 70 health systems and offers solutions like AI-assisted virtual nursing, virtual consultations, and hospital-at-home services, aiming to create smart, connected hospital environments. CEO Labinot Bytyqi highlighted the funding as a significant endorsement of their model. With HealthQuest Capital's endorsement, hellocare.ai is poised for rapid scaling while addressing healthcare delivery and operational challenges. AdventHealth plans a large deployment across over 50 hospitals, with Bon Secours Mercy Health and UCHealth also adopting the technology. This funding is positioned to enhance patient engagement and efficiency in clinical care across the healthcare landscape.
Sectors
- Healthcare Technology
- Venture Capital and Private Equity
Geography
- United States – hellocare.ai is headquartered in Clearwater, FL, and operates across more than 70 health systems in the U.S. The investment and deployment activities are concentrated in the U.S. healthcare market.
Industry
- Healthcare Technology – The article focuses on the use of AI and digital health technologies to transform healthcare delivery systems, marking it as a part of the healthcare technology industry.
- Venture Capital and Private Equity – The funding round led by HealthQuest Capital and other investors classifies this within the venture capital and private equity sector.
Financials
- $47 million – The funding raised by hellocare.ai in the oversubscribed growth round.
- $2 billion – Capital managed by HealthQuest Capital, emphasizing their capability to invest in transformative healthcare initiatives.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| hellocare.ai | Target Company | Company | A provider of AI-assisted virtual care solutions aiming to transform hospital rooms into smart care environments. |
| HealthQuest Capital | Investor | Company | A private asset firm investing in healthcare companies to enhance patient outcomes and healthcare efficiency. |
| Bon Secours Mercy Health | Investor and Customer | Company | A health system participating in the funding round and utilizing hellocare.ai's platform. |
| UCHealth | Investor and Customer | Company | A health system investing in and implementing hellocare.ai's platform for enhanced care delivery. |
| OSF Ventures | Investor | Company | A digital health investor participating in hellocare.ai's funding round. |
| LRVHealth | Investor | Company | Part of the strategic coalition of health systems and investors. |
| AdventHealth | Customer | Company | A major health system implementing hellocare.ai's platform across hospitals to improve care delivery. |
| Labinot Bytyqi | CEO | Person | Founder and CEO of hellocare.ai, advancing AI-assisted virtual care solutions. |
| Randy Scott | Partner | Person | Partner at HealthQuest Capital, involved in the investment in hellocare.ai. |
| Mark Townsend | Chief Clinical Digital Ventures Officer | Person | An officer at Bon Secours Mercy Health involved with the implementation of hellocare.ai's platform. |