General Catalyst-backed Jasper Health lays off staff | TheTrendyType

by The Trendy Type

Jasper Well being, a most cancers care platform startup, laid off a considerable a part of its workforce, TheTrendyType has realized. Engineering and product design have been among the many departments impacted by the cuts, in keeping with posts on LinkedIn from impacted staff.

TheTrendyType was unable to independently confirm the precise quantity of people that have been lower, however an trade supply who knew impacted individuals believes it was roughly half of Jasper Well being’s small group. In response to PitchBook information, Jasper Well being had about 48 staff earlier than the cuts.

The corporate’s co-founder and CEO, Adam Pellegrini, didn’t reply to TheTrendyType’s request for remark. TheTrendyType’s makes an attempt to succeed in Jasper Well being’s chief working officer, chief development officer, and head of promoting by way of electronic mail have been unsuccessful, with messages bouncing again.

Just a little over two years in the past, in February 2022, Jasper Well being raised a $25 million Collection A led by Normal Catalyst, with participation from Human Capital, W Well being Ventures, Redesign Well being and 7wireVentures. At the moment, the corporate mentioned it raised a complete of $31 million in enterprise capital.

Most importantly, Jasper is a Normal Catalyst portfolio firm. The VC agency is without doubt one of the most energetic healthcare buyers. It’s so critical about bringing new startup-led expertise into the US healthcare system that earlier this 12 months, the VC agency bought an Ohio-based well being system referred to as Suma Well being, an unprecedented transfer in enterprise capital. However clearly, that doesn’t imply that every one GC-backed well being tech startups will flourish up-and-to-the-right with out setbacks.

Jasper can also be notable as a result of it was conceived and launched in 2018 by Redesign Well being, a enterprise agency and studio that creates new healthcare corporations. Run by CEO Brett Shaheen (beforehand at Lone Pine Capital and Carlyle Group), Redesign says it’s constructed 50 healthcare startups which have collectively raised $1.3 billion. Redesign, which is itself backed by LPs like Normal Catalyst, CVS Well being Ventures, and Samsung Subsequent, additionally had its personal layoffs earlier this 12 months, Fierce Healthcare reported.

Jasper’s digital however human-led platform provides care navigation, affected person assist and distant affected person monitoring. The corporate additionally gives psychosocial care. It says that roughly 12% of its customers are in remission from most cancers.  

Pelligrini, the corporate’s founder, began his profession as a surgical specialist within the US Military. He additionally helped construct the American Most cancers Society’s web site, which gives info to sufferers and caregivers in regards to the illness. Earlier than founding Jasper, he was the senior vice chairman of digital care and shopper well being innovation at CVS Well being.

Jasper Well being’s opponents embody Thyme Care and Reimagine Care.

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