One Medical raises $65M from J.P. Morgan, others, to sustain market growth

The tech-driven primary care provider One Medical Group said it’s raised another $65 million chunk to help it continue to grow its membership and technology.

The funding round was led by J.P. Morgan Asset Management, with participation from some other new, but unnamed, investors. Existing investors Benchmark, Google Ventures, Oak Investment Partners, Redmile Group, and Maverick Capital also participated in the round.

The company has had a big year, adding 80,000 new patients. It’s also added more than 100 new enterprise clients since announcing the enterprise program in early 2014. In all, One Medical now contracts with more than 150 enterprises, including big names like Adobe, Airbnb, GoDaddy, and Lyft.

One Medical said it will use the new money to continue adding patients, office locations, and enterprise partners. It’ll also continue building out its mobile technology platform, adding video physician consults to the appointment booking, prescription renewal, messaging, and digital dermatology features it already offers.

“By using technology and a patient-centered approach, we’re able to care for individuals and populations more thoughtfully, while also lowering total health care costs,” One Medical founder and CEO Dr. Tom Lee said in a statement.

The group now has offices in Boston, Chicago, Los Angeles, New York, Phoenix, San Francisco, and Washington, D.C.