• Call9 Lands $10 Million Series A Led By Index Ventures

    Blue - Call9Call9, a nine-month-old, Palo Alto, Ca.-based telemedicine startup that came together last spring as a Y Combinator company, has raised $10 million in Series A funding led by Index Ventures, whose cofounder, Neil Rimer, is joining the board.

    Other investors in the round include Ali Rowghani, who leads the Y Combinator Continuity Fund; Joe Lonsdale, the VC and co-founder of Palantir Technologies; and Anne Wojcicki, co-founder of 23andMe.

    It’s easy to appreciate the young company’s appeal. While there’s no shortage of startups connecting patients to doctors on demand, Call9 specializes in specifically reducing unnecessary visits to emergency rooms by those who call 911 most frequently, which is people in nursing homes.

    The company is the brainchild of two physicians: Celina Tenev, a radiology postdoctoral fellow from Stanford, and Timothy Peck, who worked previously as an emergency medicine physician and faculty at Harvard Medical School. The two met while working part-time for a now-defunct startup and shared a joint disbelief that the patient experience still typically includes spending several hours in an emergency room.

    More here.

  • Y Combinator Tells VCs Not to Worry About Its New $700M Fund

    Twitter_AliAlmost a year-and-a-half after Ali Rowghani resigned as COO of Twitter, he’s been appointed the head of Y Combinator’s growth fund by the organization’s president, Sam Altman.

    TechCrunch had heard whispers of the move earlier this week, but Altman made the announcement official earlier yesterday, tweeting of Rowghani that he’s a “wonderful partner to help companies scale.”

    Rowghani joined Y Combinator as a part-time partner back in November of last year. Earlier in his career, from 2002 through 2008, he served as the CFO of Pixar. (Rowghani had joined Twitter as CFO from Pixar but was made COO in 2012.)

    Yesterday, we hopped on the phone with Rowghani to discuss some of his plans moving forward.

    Most notably, Y Combinator will be leading investments in startups with its new growth capital, which is coming in part from Stanford University, Willett Advisors, and TrueBridge Capital Partners, according to the Wall Street Journal. Indeed, as TechCrunch reported early this week, YC is the lead investor in Checkr, a San Francisco-based startup that runs background checks and vets potential hires for fast-growing startups. The company is raising at least $30 million in Series B funding, at a valuation north of $250 million.

    For VCs who haven’t had to compete with Y Combinator in later-stage rounds, this is a Big Deal.

    More here.

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