Most cancers therapy platform startup Jasper Well being has laid off a good portion of its workforce, TechCrunch has realized. Engineering and product design had been among the many departments hit by the cuts, in line with LinkedIn posts from affected staff.
TechCrunch couldn’t independently confirm the precise variety of individuals laid off, however an trade supply who knew these affected believes it was about half of Jasper Well being’s small crew. Earlier than the cuts, Jasper Well being had about 48 staff, in line with PitchBook.
The corporate’s co-founder and CEO Adam Pellegrini didn’t reply to TechCrunch’s request for remark. Makes an attempt by TechCrunch to contact Jasper Well being’s chief working officer, chief growth officer and head of promoting by electronic mail had been unsuccessful and the messages had been bounced again.
Simply over two years in the past, in February 2022, Jasper Well being raised a $25 million Collection A 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 collected a complete of $31 million in enterprise capital.
Most significantly, Jasper is a Common Catalyst portfolio firm. The enterprise capital agency is among the most energetic buyers in healthcare. The corporate is so severe about bringing new startup-based applied sciences into the U.S. well being care system that earlier this yr the enterprise capital agency acquired an Ohio-based well being system referred to as Suma Well being, an unprecedented transfer within the enterprise capital area. However clearly, that does not imply all GC-backed medtech startups will thrive with out failure.
Jasper can be notable as a result of it was conceived and launched in 2018 by Redesign Well being, a enterprise capital agency and studio that creates new healthcare firms. Redesign, run by CEO Brett Shaheen (previously of Lone Pine Capital and Carlyle Group), says it has created 50 healthcare startups which have collectively raised $1.3 billion. Redesign, which itself is backed by LPs equivalent to Common Catalyst, CVS Well being Ventures and Samsung Subsequent, additionally noticed layoffs earlier this yr. Fierce Healthcare studies.
Jasper’s human-driven digital platform gives care navigation, affected person help, and distant affected person monitoring. The corporate additionally gives psychological help. It says 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 web site, which gives details about the illness to sufferers and caregivers. Previous to founding Jasper, he was senior vice chairman of digital care and well being care innovation at CVS Well being.
Jasper Well being’s opponents embrace Thyme Care and Reimagine Care.