Workit Health Raises $118 Million Series C Funding Led By Insight Partners To Accelerate Adoption Of Digital Addiction Care

Workit Health, a provider of virtual substance use disorder treatment, announced a $118 million round of investment led by New York-based global private equity and venture capital firm Insight Partners, with participation from CVS Health Ventures, FirstMark Capital, BCBS Venture Fund, and 3L Capital.

This investment comes in the wake of heightened demand for telemedicine options during the COVID-19 pandemic, resulting in a 400% increase in Workit Health membership over the past 18 months. The funding will be used to accelerate Workit Health's growth into new markets, as well as expanding its primary and psychiatric care offerings . . .