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Digital Health Startup Athelas Raises $132 Million, Hits Unicorn Status

Palo Alto – February 2, 2022 – Cooley advised Athelas, a remote patient-monitoring platform, on two consecutive financing rounds led by General Catalyst and Tribe Capital, respectively, totaling $132 million and bringing its valuation to $1.5 billion. Lawyers Josh Seidenfeld, Ashley Brown, Daniel Lee and Betsy O’Leary led the Cooley team advising Athelas.

Founded in 2016, Athelas is building the sensor and software infrastructure necessary to power digital healthcare. With its software tools, cutting-edge US Food and Drug Administration-cleared medical devices and team of clinical staff, Athelas partners with healthcare providers, hospitals, health systems and digital health companies to launch remote-care programs that improve patient outcomes and drive immediate revenue.

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Related Contacts
Josh Seidenfeld  Partner Palo Alto
Ashley Brown  Associate Seattle
Daniel Y. Lee  Associate Palo Alto
Betsy O'Leary  Associate Seattle