EverlyWell

EverlyWell

EverlyWell is an at-home health testing company and digital health platform. The company was founded in June 2015 by Julia Cheek in Dallas and is located in Austin, Texas.

EverlyWell’s tests are centered on women’s health, sexual health, thyroid, metabolism, food sensitivity, men’s health and breast milk docosahexaenoic acid (DHA) testing.

History

The company was founded by Julia Taylor Cheek in 2015. In 2016, the company headquarters moved to Austin. In November, 2017, the founder and CEO of EverlyWell had appeared on the ABC reality show Shark Tank. Lori Greiner offered the company a $1 million line of credit at 8% interest rate for a 5% equity stake which made it the largest deal for a female entrepreneur on Shark Tank.

EverlyWell partnered with Helix, a personal genomics company to launch three DNA-based products which personalized information about food sensitivity, metabolism and breast milk DHA.

Product

The company offers more than 30 at-home testing kits that consist of sample collecting done by the consumer, pre-paid return shipping, and medical professional-reviewed results. The results are sent to the consumer's device on a secure results platform within days.

COVID-19

In early 2020, the company released an at-home test for the COVID-19 pandemic. Consumers must first complete an online pre-screening questionnaire regarding symptoms and then can purchase a testing kit for $135. The kit contains tools for sample collection and pre-paid return shipping components. As with its other testing products, consumers receive the results of their tests via its digital platform. If a consumer should test positive for COVID-19, they can access a telehealth consult and the company reports the results to all mandated agencies.

Funding

EverlyWell raised $2.5 million in their angel and seed round. They raised $2 million in a round led by Next Gen Venture Partners with Jack Novak, SoGal Ventures, Full Tilt Capital.

Timeline

January 17, 2021
EverlyWell raises a $75,000,000 venture round from HealthQuest Capital.
December 3, 2020
EverlyWell raises a $175,000,000 series D round from BlackRock, Foresite Capital, Goodwater Capital, Greenspring Associates, Highland Capital Partners, Lux Capital Management, Morningside Ventures, Next Coast Ventures, Portfolia and The Chernin Group.
February 1, 2020
EverlyWell raises a $25,000,000 series C round from Highland Capital Partners.
February 2019
$50m Series A

The round was led by Goodwater Capital and Highland Capital Partners.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
EverlyWell Series D round December 2020
175,000,000
December 3, 2020
7 Results
Results per page:
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People

Name
Role
LinkedIn

Joshua Stanley

CFO

Julia Taylor Cheek

CEO and Founder

Further reading

Title
Author
Link
Type
Date

Everlywell announces Monday launch of solution to get tested and diagnosed for COVID-19 from home

Everlywell

Web

March 18, 2020

EverlyWell brings lab tests home, personalized health data online

Lora Kolodny

Web

September 12, 2016

Why global regulators are divided over new coronavirus tests

Amrita Khalid

Web

March 25, 2020

Documentaries, videos and podcasts

Title
Date
Link

Run Your Own Lab Tests with EverlyWell at Disrupt SF Startup Battlefield

September 12, 2016

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Heather Landi
March 25, 2021
FierceHealthcare
At-home health testing startup Everlywell has acquired PWNHealth and Home Access Health and rebranded the parent company as Everly Health. PWNHealth and Home Access Health offer self-collected lab testing services and the new company will support more than 20 million people. The deal reportedly boosts Everlywell's valuation to $2.9 billion.
Darrell Etherington
March 25, 2021
TechCrunch
Austin-based home lab testing kit startup Everlywell is expanding its scope considerably with two acquisitions, and a transformation that includes the establishment of a new parent company led by Everlywell CEO and co-founder Julia Cheek. The new entity, called Everly Health, will now offers services including at-home lab testing kits and education, population-scale testing through a [...]
Conor Hale
March 23, 2021
FierceBiotech
The people who bring you lunch can now also deliver a COVID-19 diagnostic test, as screening for the pandemic disease continues to become a more ubiquitous part of everyday life.
Conor Hale
February 18, 2021
FierceBiotech
Everlywell's home testing kit for COVID-19--first authorized by the FDA last year, for use with a doctor's prescription--will now be available for sale directly to the consumer, through online orders or retail store shelves.
Everlywell
February 17, 2021
www.prnewswire.com:443
/PRNewswire/ -- Everlywell, a leading digital health company, today announced that the Everlywell COVID-19 Test Home Collection Kit DTC is now available for...
Darrell Etherington
January 15, 2021
TechCrunch
At-home health testing kit startup Everlywell has raised $75 million, following the close of the $175 million Series D it announced in December. The new funding comes from HealthQuest Capital, and sees the fund's founder and managing partners Dr. Garheng Kong join the company's board of directors. The new funding is a secondary sale, with proceeds [...]
Megan Hernbroth and Lydia Ramsey Pflanzer
January 11, 2021
Business Insider
These are the top-valued private biotech and healthcare companies, according to Pitchbook data and our reporting.
Conor Hale
December 4, 2020
FierceBiotech
Everlywell's sales of at-home diagnostic tests, including one kit for COVID-19, are projected to quadruple this year--and investors have taken notice. The company's second venture capital round this year has raised $175 million to help accelerate its efforts and expand further into retail stores nationwide.
Anthony Ha
December 3, 2020
TechCrunch
Google fires a leading researcher, Stripe launches a new banking service and WarnerMedia shakes up the theatrical business model. This is your Daily Crunch for December 3, 2020. The big story: Google fires co-lead of its Ethical AI team Timnit Gebru, a leading researcher in the field of ethics and artificial intelligence, tweeted last night [...]
Christine Hall
December 3, 2020
Crunchbase News
With the new investment, CEO Julia Cheek confirmed the company's valuation at $1.3 billion.
Darrell Etherington
December 3, 2020
TechCrunch
Digital health startup Everlywell has raised a $175 million Series D funding round, following relatively fast on the heels of a $75 million Series C round it closed in February of this year. The Series D included a host of new investors, including BlackRock, The Chernin Group (TCG), Foresite Capital, Greenspring Associates, Morningside Ventures and [...]
Melody Petersen
November 18, 2020
Los Angeles Times
The growing popularity of at-home lab tests sold by tech start-ups has raised concerns as physicians are removed from patient decisions. The Trump administration is limiting what the FDA can do to keep consumers safe, experts say.
Tina Reed
September 10, 2020
FierceHealthcare
Everlywell is bringing on a well established digital health exec as its first president amid what it calls a "period of explosive growth" for the at-home health testing startup.
Mary Ann Azevedo
May 18, 2020
Crunchbase News
The test represents the first standalone at-home sample collection kit that can be used with certain authorized tests, according to the FDA
Conor Hale
May 17, 2020
FierceBiotech
The FDA authorized a new at-home collection kit that allows people to take their own nasal swab samples and then mail them overnight to a laboratory to be tested with different authorized coronavirus diagnostics.
lalorek
May 17, 2020
SiliconHills
Everlywell received authorization from the U.S. Food and Drug Administration for its COVID-19 Test Home Collection Kit. The FDA sent out a news release Saturday reporting that Austin-based Everlywell's home collection kit is currently the only authorized COVID-19 diagnostic testing kit the FDA has approved. The government regulator issued an emergency use authorization (EUA) to ...
Darrell Etherington
March 19, 2020
TechCrunch
The state of testing for the novel coronavirus currently spreading globally in the U.S. is abysmal, relative to other developed countries, but there are a number of efforts underway to help improve availability. One company doing their part is at-home lab testing startup Everlywell, which has been offering a number of in-home self collection kits [...]

References

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