Aledade Raises An Additional $20M

A Bethesda-based health care company raised an additional $20 million from the $20 million that it raised in January, according to a filing with the Securities and Exchange Commission.

Aledade Inc. filed the first Form D on Jan .12, which stated $19,999,997 was raised by lead investor Biomatics Capital, with participation from GV (formerly Google Ventures), Maryland Venture Fund, Venrock and ARCH Venture Partners.

On March 8, the company raised another $20,249,999 in equity, according to the amended filing.

None of the money raised will go toward executive salary.

Aledade, founded in 2014, focuses on providing a new model of primary care by partnering with physicians to build and lead accountable care organizations (ACOs) that enable doctors to stay independent.

Aledade’s primary goal is to provide opportunities for small and solo practices to establish “value-based contracts with some of the largest payers in the health care system.”

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