General Medicine Raises $120 Million In Series B Led By Andreessen Horowitz

San Francisco-based General Medicine raised $120 million in a Series B funding round led by Andreessen Horowitz, with participation from Matrix, VXI Capital, Eli Lilly and Company, Mercy Health through Granger Management, and BoxGroup. This funding brings the total raised by the company to $152 million.

Summary of transaction details:

• Deal Type: Series B
• Transaction Amount: $120,000,000
• Total Raised: $152,000,000
• Headquarters Location: San Francisco, California
• Notable Investors: Andreessen Horowitz, Matrix, VXI Capital, Eli Lilly & Company, Granger Management, BoxGroup

General Medicine, co-founded by TJ Parker, who is becoming the CEO, Ashwin Muralidharan, the former CEO, and Elliot Cohen, the company's president, operates a nationwide healthcare store. The platform allows customers to search, compare, and purchase care while providing visibility into insurance and cash pricing. Additionally, users receive guidance from licensed clinicians.