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Somatus

Somatus

Somatus is a healthcare company that provides integrated care to help patients delay or prevent kidney disease.

Overview

Somatus is a McLean, VA-based healthcare company that provides integrated care to help delay or prevent the progression of kidney disease. The company was co-founded in 2016 by Ikenna Okezie and Anthony Welters, who serve as Somatus's CEO and Chairman, respectively. Other members of Somatus's management team include chief product and strategy officer Satish Cheema, chief financial officer Roseline Agboke, and chief operating officer Chet Akiri.

Somatus employs what it calls a "value-based" model to address kidney care. The company combines multidisciplinary community-based care teams, personalized services such as at-home dialysis, and a technology platform that provides analysis and insights to help coordinate and monitor care. Somatus aims to use this approach to kidney care to delay or prevent kidney and renal disease progression. In the US, the company has partnered with payer, health system, and provider groups through value-based contracts in thirty-four states.

Funding

Somatus has raised $465 million over five funding rounds as of 2022. Somatus more than doubled their funds in the company's most recent round, a $325 million Series E round that closed on February 25, 2022. The round was led by Wellington Management Company, who were joined by ten other investors. The round placed Somatus at a valuation of nearly $2.5 billion.

Timeline

February 22, 2022
Somatus raises a $325,000,000 series E round from Anthem, BlueCross BlueShield Venture Partners, Deerfield Management Company, Fidelity, Flare Capital Partners, GIC Private Limited, Inova Health System, Longitude Capital, Optum Ventures, RA Capital Management and Wellington Managment.
June 16, 2021
Somatus raises a $60,100,000 series D round.
June 23, 2020
Somatus raises a $64,000,000 series C round from Deerfield Management Company, Flare Capital Partners, Longitude Capital, Optum Ventures and Town Hall Ventures.
April 10, 2018
Somatus raises a $11,000,000 series B round from Andy Slavitt, BlueCross BlueShield Venture Partners, Flare Capital Partners and Inova Health System.
May 2, 2017
Somatus raises a $5,000,000 venture round.

Funding Rounds

Patents

Further Resources

Title
Author
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News

Title
Author
Date
Publisher
Description
Sara Gilgore
August 14, 2020
AmericanInno
We sourced the community, built a roster of Greater Washington's hottest enterprises and innovators, and narrowed that list to the ecosystem's 50 elite. Then Thursday afternoon, we celebrated those fast-growing, move-making players: DC Inno's 2020 Inno on Fire winners. All had banner years -- for expansions, launches, fundraises and pivots -- and all in a time of profound, unprecedented change. The virtual event brought together business leaders, entrepreneurs and people from the very ventures we gathered to recognize. We also had a discussion about the pandemic's impact on the D.C. region's startup environment and where we're headed, with three big local names: Kate Goodall of Halcyon, Marcus Bullock of Flikshop, and Seth Goldman of Eat the Change and, formerly, Honest Tea. Finally, we revealed this year's Blazers: the trailblazers leading the charge and driving the change that will come to define this community. A panel of judges from the region's innovation economy voted and selected
Sara Gilgore
June 30, 2020
AmericanInno
These are the people, companies, initiatives and organizations innovating across the ecosystem.
Christine Hall
June 23, 2020
Crunchbase News
Somatus' proprietary model uses actionable intelligence to provide personalized care plans aimed at achieving better kidney health.

References

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