Somatus, a value-based kidney care company, announced an oversubscribed Series E financing of $325+ million, at a valuation of over $2.5 billion. Somatus’ model cares for the whole person by partnering with locally-based providers and bringing personalized, in-home care and support directly to patients with kidney disease.
The funding round was led by Wellington Management, and included new investments from RA Capital Management, GIC, Fidelity Management & Research Company, and other organizations. Existing investors Anthem, Blue Venture Fund, Deerfield Management Company, Flare Capital Partners, Inova Health System, Longitude Capital, and Optum Ventures were also contributors. This latest investment brings the total capital raised by the Company to nearly $500 million. Read more.
