Nick Hanauer and others invest $3.1 million in Qliance |
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Nick Hanauer and others invest $3.1 million in Qliance
Nick Hanauer, a tech investor who has placed his money in several in early-stage startups, was part of a $3.1 million funding round for Qliance Medical.
Previous investors New Atlantic Ventures and Second Avenue Partners participated in the round. Qliance is still seeking another $6.9 million.
A spokesperson for Qliance said the investments will fund further growth and expansion. Qliance has also reportedly eyed expansion into California. By the end of next year, Qliance plans to have opened a total of about eight clinics, adding to existing clinics in Seattle, Kent, Mercer Island and Tacoma.
Under Qliance’s model, consumers pay a set monthly fee for all primary care, with all the trimmings, and buy high-deductible health insurance to protect them from the cost of severe illnesses or accidents. Qliance charges a flat monthly price ranging from $44 to $84, depending on age.
Hanauer is probably best known for his early investments in Amazon.com and founding of aQuantive. He also sits on the boards of Qliance and Marketleader.com and is a vice chairman at Marchex.
Other big-name investors include Amazon CEO Jeff Bezos, Dell CEO Michael Dell and Seattle Sounders minority owner and comedian Drew Carey. The three were part of a funding round that brought in $6 million in fresh capital in April 2010. A few months later, in September 2010, Qliance laid off nine nonmedical employees, as the firm wasn’t expanding as quickly as hoped.
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