Jasper Well being, a most cancers remedy platform startup, has laid off a good portion of its workforce, TechCrunch has realized. In accordance with posts on LinkedIn from workers affected by the cuts, among the many engineering and product design departments.
TechCrunch was unable to independently confirm the precise quantity of people that have been laid off, however an trade supply with data of the individuals who have been affected estimated it to be about half of Jasper Well being’s small group. Earlier than the layoffs, Jasper Well being had about 48 workers, in response to PitchBook.
The corporate’s co-founder and CEO Adam Pellegrini didn’t reply to TechCrunch’s request for remark. TechCrunch’s makes an attempt to succeed in Jasper Well being’s chief working officer, chief improvement officer and chief advertising officer by electronic mail have been unsuccessful and messages have been returned.
Simply over two years in the past, in February 2022, Jasper Well being raised $25 million in Collection A funding led by Common Catalyst with participation from Human Capital, W Well being Ventures, Redesign Well being and 7wireVentures. On the time, the corporate mentioned it had raised a complete of $31 million in enterprise capital.
Most significantly, Jasper is a portfolio firm of Common Catalyst. The VC firm is likely one of the most energetic buyers in healthcare. We’re so severe about introducing new startup-based applied sciences to the US well being care system that earlier this 12 months a enterprise capital agency acquired an Ohio well being system referred to as Suma Well being, an unprecedented enterprise capital transfer. However clearly, that does not imply that each one GC-backed medtech startups will flourish up and to the precise with out setbacks.
Jasper can be notable for being conceived and launched in 2018 by Redesign Well being, a enterprise capital agency and studio that creates new healthcare corporations. Redesign, led by CEO Brett Shaheen (previously of Lone Pine Capital and the Carlyle Group), claims to have constructed 50 healthcare startups which have collectively raised $1.3 billion. Redesign, itself backed by LPs corresponding to Common Catalyst, CVS Well being Ventures and Samsung Subsequent, additionally had its personal layoffs earlier this 12 months, in response to Fierce Healthcare.
Jasper’s digital but human-driven platform presents care navigation, affected person help and distant affected person monitoring. The corporate additionally supplies psychosocial help. It says that roughly 12% of its customers are in remission from most cancers.
Pelligrini, the corporate’s founder, started his profession as a surgical specialist within the US Military. He additionally helped create the American Most cancers Society’s web site, which supplies details about the illness to sufferers and their caregivers. Earlier than founding Jasper, he was senior vice chairman of digital well being care and client well being innovation at CVS Well being.
Jasper Well being’s opponents embody Thyme Care and Reimagine Care.