98point6’s $118 Million Series E Fundraising

Latham & Watkins LLP represented Activant Capital in the transaction.

98point6 has announced a US$118 million Series E fundraising round to further support its growth and success. The text-based primary care platform now has more than 240 commercial partnerships—accounting for three million members—with prominent brands including Banner|Aetna, Boeing, Circle K, Red Bull North America, Sam’s Club, and Teamsters Western Region and New Jersey Health Care Fund.

The round was led by the Growth Fund of L Catterton, the largest and most global consumer-focused private equity firm, and Activant Capital, the global growth equity investment firm highly focused on technologies disrupting legacy industries.

98point6 is an on-demand digital primary care service that delivers personalized consultation, diagnosis and treatment to patients across the country.

Latham & Watkins LLP represented Activant Capital in the funding round with a corporate team led by New York partners Stelios Saffos (Picture) and Jane Greyf, with associate Teddy Ellison.

Involved fees earner: Teddy Ellison – Latham & Watkins; Jane Greyf – Latham & Watkins; Stelios Saffos – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Activant Capital;

Author: Ambrogio Visconti