Medicaid-focused In-home Primary Care Company Nest Health Locks Down $12.5m

Nest Health recently secured $12.5 million in a series A funding round. Returning investors 8VC and Blue Venture Fund co-led the current round.

Founded in 2021, New Orleans-based Nest Health is a value-based in-home and virtual care company that delivers primary care. The company focuses on serving families on Medicaid.

“This investment comes at a defining moment for Medicaid,” the company wrote in a statement. “The rollout of H.R. 1, known as the ‘One Big, Beautiful Bill’ is reshaping eligibility, work requirements, and coverage renewal processes while states face growing budget pressures. Managed Medicaid organizations need proven, scalable solutions that can deliver better outcomes for lower cost. Nest Health’s model has proven to do exactly that by serving the whole family in the home with integrated medical, behavioral and social care.”

Indeed, Nest Health’s partnership with Blue Cross Blue Shield of Arizona’s Health Choice has opened up access to integrated in-home and virtual care to more than 18,000 Medicaid enrollees in Maricopa and Mohave counties.

Plus, the company reports that its partnership with AmeriHealth Caritas Louisiana has resulted in a decrease in emergency room visits and an increase in vaccination rates.

“Care starts at home, where trust is built,” Dr. Rebekah Gee, founder and CEO of Nest Health, said in the statement. “Our care model meets families where they are and walks with them through every step of their health journey, so no one is left behind.”

The company earmarked the $12.5 million for Nest Health’s expansion of its family-focused clinical products, investments in AI and geographical growth.

This latest round of funding also included participation from new investor Amboy Street Ventures, as well as Alumni Ventures, Health 2047, Nicholas Jarboe and more.

Last year, Nest Health raised $4 million in funding. In 2023, the company closed a $15 million initial seed round.

Other home-based care-focused companies have attracted significant investor attention in recent months.

This month, Ceresti, a company that supports family caregivers of individuals with dementia, raised $11.7 million. In July, in-home and in-clinic primary care provider Gather Health clinched a $21.2 million raise. In June, home-based acute and transitional care provider myLaurel raised $12 million to enter into new markets.

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