RecoveryOne Virtual Physical Therapy Closes $33 Million Series C Financing

RecoveryOne, which provides virtual physical therapy for musculoskeletal (MSK) conditions raised $33 million in a Series C funding round. RecoveryOne will utilize the investment capital to fuel continued growth in the payer and employer markets.

The round was co-led by Cobalt Ventures, a wholly-owned subsidiary of Blue Cross and Blue Shield of Kansas City (Blue KC), and TELUS Ventures, the strategic investment arm of Canadian telecommunications and health technology company TELUS. The Series was rounded out by investments by Cigna Ventures, 7wireVentures, and Leverage Health Solutions.

RecoveryOne is a recovery-focused virtual physical therapy solution for employers, partners . . .