NexHealth’s $15M Series A: Raising From Operators During COVID | How and Why We Did It

NexHealth’s $15M Series A: Raising From Operators During COVID, How and Why We Did It

In June, we announced our $15M Series A which was led by operators and not your traditional institutional VCs. Since our announcement, I’ve gotten a ton of questions from founders, VCs and job candidates on why we raised from operators, what the fundraising process was like at the start of the pandemic, and how it has been working out.

  • We offered free telemedicine to our customers and still do!
  • We shipped free PPE to customers that needed it to reopen their offices.
  • It was a strategically opportunistic decision to focus on growth and market share while our competitors were retreating.
  • Josh Buckley and co. moved faster, with more conviction, and brought more operating depth than traditional VCs.
  • Don’t over optimize the process, optimize for great people you personally have chemistry with.
  • Fundraise only when it will serve your strategy, not when you actually need cash to run the business. Most investors don’t want to fund you to keep your business afloat, investors want to fund you to help you grow.

Founder @NexHealth. Accelerating healthcare innovation.