The venture capital arm of Nationwide Mutual Insurance Company has helped create a $30 million pool of capital for a home caregiver support technology company, Vesta Healthcare.
Nationwide Venture contributed to a new round of funding for the company. Oak HC/FT and Deerfield Management Company led the round.
Vesta Healthcare is a New York-based technology company that provides telehealth services, health analysis services, and other support services for family caregivers and paid caregivers.
Vesta raised $11 million from investors in 2015, and another $32 million from investors in 2016. About $5 million of the capital raised in 2016 came from Kaiser Permanente, a health insurer.
Nationwide Ventures is one of four companies joining Vesta’s investor team through the latest round of funding.