Define Ventures provides seed funding to Story Health
Define Ventures’ Lynne Chou O’Keefe also seeds a health care company building virtualized specialty care solutions. Define and General Catalyst provided $4 million in seed funding to Story Health.
Based in San Jose, Calif., Story is developing easy-to-use digital tools for specialty clinicians. The company is seeking to fill what it sees as a gap in the health care industry’s use of technology for new methods and designs. It will use the capital to create more partnerships with clinicians, grow its product offering and expand the ways it maximizes specialty care.
In a statement, Lynne said, that “having invested in virtualizing primary and chronic care, we see the virtualization of the specialty layer as the next growth driver to redefine health care. Story Health is the epitome of this next evolution.”
Lynne, who founded Define, recently brought the firm into MedArrive, a telemedicine startup co-founded by Inna Plumb. (See In The Spotlight). Define also recently backed Centivo, which has devised a new type of digital health plan. (See Story in Dish on the Deal). Earlier this year, Lynne backed Tia, Inc., a women’s health care platform founded by Carolyn Witte and Felicity Yost. She also has a portfolio company, Hims & Hers, set to go public through a merger with a special purpose acquisition company.
Define, which Lynne founded after leaving Kleiner Perkins, closed its debut fund earlier this year at $65 million. Other companies that Define has backed include Lightship, which provides enterprise level, direct-to-patient clinical research solutions; Verana Health, which is producing specialty clinical data; Unite Us, a social determinates of health platform coordinating care networks of health and community service providers; and Cohere Health, a value based care platform for payers, providers and consumers.
Lynne is also a past speaker at the Women’s Private Equity Summit and will speak at the Virtual Women’s Alternative Investment Summit event in January.