Retrace Health says it has secured $7 million in funding led by Lemhi Ventures, a venture capital firm based in Wayzata.
The Star Tribune published earlier this year an interview with Thompson Aderinkomi, the chief executive at Retrace Health. Aderinkomi was one of the first board members for the state's MNsure health insurance exchange.
The latest funding includes previous investors Blue Cross and Blue Shield of Minnesota, HealthEast and McKesson Ventures.
Retrace Health offers primary care via video visits and house calls.
“In a given year, most people spend less time with their doctor than they do watching a single television show,” Aderinkomi said in a Thursday news release. “That does not bode well for their long-term health."
The Minneapolis-based company is now talking expansion plans,including hiring more providers and growing its geographic coverage. Earlier this year, Retrace Health announced $1 million in funding from Eagan-based Blue Cross, St. Paul-based HealthEast and McKesson, which is based in San Francisco.