So proud to be leading @truemed's $34M Series A.
Truemed CEO @jwmares has the clarity of vision to realize that America is the sickest country in the developed world and solving our health crisis is not optional. The current path threatens the American experiment as we know it. It is impossible to have a healthy society made up of sick humans.
We spend more per capita on healthcare than any other nation, but 90 percent of those dollars are spent managing chronic conditions *after* people get sick. Something is not working.
Health isn’t created in a doctor’s office. Going to the doctor after you’ve already developed diabetes, heart disease, kidney disease, cancer or another chronic condition is like going to the mechanic after you’ve totaled a car. It’s the right thing to do – but wouldn’t it be better to avert the crash in the first place?
Truemed’s mission is to do just that: to shift more of our healthcare dollars toward True Medicine – exercise, good sleep, supplements, movement: the things that prevent disease, as opposed to just treating them once they’re sick.
Today, Truemed enables consumers to use tax-advantaged HSA and FSA funds on evidence-based lifestyle interventions, saving an average of 30% by using pre-tax funds. The company already powers HSA/FSA payment acceptance for more than 3,000 merchant partners, including Peloton, Eight Sleep, Rogue Fitness, Garmin, Barry’s, Momentous, CrossFit, Athletic Greens, and many more.
And this is just the beginning. We’re thrilled to partner with Justin and the Truemed team as they build toward a system that redirects the flow of U.S. healthcare spending from managing illness to creating health.
@a16z @julesyoo
Partner @a16z focused on health. Reluctant tweeter. Other interests: poker, theater, memoir, white noise. Alum: @Meta @YaleLawSch @StanfordGSB