Our portfolio company Greatly Health has closed a $4M seed round co-led by Commonweal Ventures and Pear VC, with participation from Flare Capital Partners and strategic angels.
Cancer care in America costs more than $200 billion a year. And most patients going through treatment carry a heavy symptom burden that knocks them off therapy and into the hospital.
Oncology guidelines already recommend integrative therapies like exercise, nutrition, and meditation to help patients through those challenges. But outside of top cancer hospitals, patients rarely have a path to this kind of care.
Greatly is changing that by providing virtual integrative cancer care. The company delivers live, expert-led online group sessions like exercise, yoga, and mindfulness to cancer patients, in addition to personalized care planning, symptom tracking, and ongoing coaching. Greatly’s approach is backed by substantial clinical evidence showing it leads to better health outcomes for patients while reducing the total cost of care.
Why we invested
- The market is large. Integrative care for cancer patients and survivors alone has a $15 billion TAM.
- Greatly’s model was developed at Memorial Sloan Kettering Cancer Center (MSK) by the company’s co-founders, Dr. Jun Mao and Dr. Bobby Daly. That origin is a significant advantage in a market where institutional credibility and clinical quality drives adoption.
- The clinical evidence is extraordinary. In a randomized study at MSK, patients who received virtual integrative care alongside standard oncology treatment saw a 16% absolute improvement in overall survival at two years, a 69% reduction in hospitalization rates, and a 42% reduction in treatment disruptions.
- The large reductions in hospitalization and treatment disruption translate into major cost savings for health care payers. And Greatly does not require partners to undergo a large implementation process to incorporate it. The service is virtual, delivered alongside existing treatment, and patients can start without their care team changing what they do.
- There is a policy tailwind. CMS announced its MAHA ELEVATE initiative in December to fund research on how functional and lifestyle medicine interventions can support Medicare beneficiaries with chronic disease. The federal government is leaning into whole-person care, and Greatly is already there.
- Greatly has the right CEO. Chip was employee #1 at Cadence, a health tech startup that has since reached unicorn status. He scaled the remote patient monitoring business to 10 health system partners, 25,000 patients, and 150 employees. Before that he led behavioral health and national network partnerships at Oscar Health. He knows how to partner with the industry and scale a clinical operation.
We're excited to work alongside Chip, Dr. Mao, Dr. Daly, and the Greatly team to make integrative oncology a standard part of cancer care.
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