Overview
- KeyCare closed a $27.4 million financing round led by HealthX Ventures, with 8VC, LRVHealth, BOLD Capital Partners and Ikigai Venture Partners.
- Strategic investors include WellSpan Health, Allina Health, University of Chicago Ventures, Edge Ventures and Exact Sciences.
- The round brings KeyCare’s total capital raised to over $55 million.
The News
Chicago-based KeyCare, which calls itself the nation’s first Epic-based virtual care company, announced the funding in March 2026. Its virtual medical group works on an optimized instance of Epic, acting as a primary care extension for health systems.
KeyCare clinicians provide 24/7 urgent, preventive, chronic and virtual-first primary care while keeping visits connected to the patient’s home health system. UChicago Medicine has used KeyCare for 24/7 virtual urgent care access, according to UCM Ventures. CEO Sulabh Agarwal said the model works within the existing healthcare ecosystem, not around it.
Industry Perspective
Health systems want virtual care that keeps patients and records inside their networks rather than sending them to standalone telehealth brands. EHR-native virtual groups are one answer, and health system investors signal demand for the model.
Strategic Impact
The strategic investor list gives KeyCare built-in customers and credibility with Epic-based systems. Its challenge will be scaling clinician capacity profitably while proving that continuity improves outcomes.
Source: Businesswire
