On January 26, 2023, Pearl Health, a leading technology company focused on physician enablement and risk bearing in value-based care, announced it has raised $75 million in its oversubscribed Series B funding round, led by Andreessen Horowitz’s Growth Fund (also known as “a16z”) and Viking Global Investors, with participation by AlleyCorp, SV Angel’s Growth Fund, and other investors.

The round is composed of $55 million in equity capital and an anticipated $20 million in a line of credit, and brings Pearl's total funding to date to more than $100 million. With this new round of funding, Pearl Health is well-positioned to continue to expand its reach within primary care, develop new partnerships, broaden the offerings it makes available to its provider partners, and invest more in research and development to accelerate innovation.

A Wilson Sonsini team led by Jennifer Fang and Elke Trilla advised a16z on the transaction.

For more information, please see the press release.