eVisit

Deal Snapshot

Company: eVisit, Inc.

Website: www.evisit.com

Sector / Category: Virtual care / telehealth platform / healthcare software

Headquarters: Mesa, Arizona

Founded: 2013

Investor: Frazier VC

Round: Seed, Series B, Secondary

Deal Type: Primary and secondary purchases

Company Overview

eVisit builds a virtual care platform for health systems and other healthcare delivery organizations. Its software is designed to support digital care workflows such as scheduling, intake, virtual visits, discharge, and analytics, with a focus on helping large care delivery systems expand access, improve throughput, and coordinate care more efficiently.

Public Funding / Capital Events

Jun 1, 2017 — $2M financing Public reporting said eVisit raised $2 million to expand its telemedicine SaaS platform. Coverage described the company as a Mesa, Arizona-based telemedicine software provider founded in 2013.

Oct 20, 2020 — $14M Series A eVisit announced a $14 million Series A round led by TVC Capital, with participation from Kickstart Seed Fund, University Growth Fund, and Jeremy Andrus. The company said the financing would support growth in its virtual care platform for hospitals and health systems.

Sep 21, 2021 — $45M Series B eVisit announced a $45 million Series B round led by Goldman Sachs Asset Management’s Growth Equity business. The round also included Texas Health Resources, Tom Burton, Steve Barlow, and existing insiders, and was positioned to accelerate growth and platform expansion.

Jun 25, 2024 — Acquired UPMC inpatient teleconsult technology and secured strategic investments eVisit announced that it would acquire UPMC’s inpatient teleconsult technology and that UPMC Enterprises and MedStar Health would make strategic investments in the company. The move expanded eVisit further into inpatient virtual care capabilities.

Investment Summary

Frazier VC invested in eVisit, Inc. through several primary Seed purchases in September 2017, May 2019, December 2019, and June 2020, followed by a secondary purchase in January 2021 and a primary Series B investment in June 2021.

Why We Invested

eVisit operates in a large and important healthcare software category where provider capacity, patient access, and workflow efficiency all matter. Its platform is differentiated because it is built for enterprise care delivery systems and supports a broad set of virtual care workflows rather than solving for only one narrow telehealth use case. That creates meaningful workflow embed and switching costs over time, especially when the product becomes tied to scheduling, intake, care coordination, and system-wide digital care operations. The company also benefits from strong category tailwinds as health systems continue to blend in-person and virtual care delivery.

Other Investors

• TVC Capital

• Kickstart Seed Fund

• University Growth Fund

• Jeremy Andrus

• Goldman Sachs Asset Management

• Texas Health Resources

• Tom Burton

• Steve Barlow

• UPMC Enterprises

• MedStar Health