Nader Naini
Nader Naini is Managing Partner at Frazier Healthcare Partners and co-owner of the Seattle Seahawks. He previously served as Director at 98point6 Technologies Inc.
Generative AI Poised to Boost Healthcare Efficiency but Slow Adoption and Sales Cycles Challenge Startups, Says Frazier’s Nader Naini
Generative AI and automation offer efficiency opportunities in the $4.5 trillion healthcare sector, but startups face challenges due to slow technology adoption and lengthy sales cycles. Venture funding in digital health exceeded $10 billion last year, with strong activity in Seattle-area startups and increased M&A.
98point6 board ousts co-founder Robbie Cape to seek CEO who can scale growth; Jeff Greenstein named interim leader
98point6's board removed co-founder and CEO Robbie Cape last month to install a leader better suited to scale the telehealth startup, according to board member Lisa Brummel, who said the decision was routine and not due to impropriety; interim CEO Jeff Greenstein is now leading the company after Cape left the board. The Seattle company has raised $247 million and saw large customer demand during the pandemic.
98point6 co-founder Robbie Cape abruptly exits as CEO; chairman Jeff Greenstein named interim leader
98point6 co-founder and CEO Robbie Cape has abruptly left the virtual primary care company he helped start in 2015, with chairman and co-founder Jeff Greenstein named interim CEO while the board searches for a replacement. The 350-person startup, which raised a $118 million Series E in October, said the C-suite will continue leading operations and praised Cape’s six years of leadership.
Frazier Healthcare Partners raises $1.4B tenth Healthcare Growth Buyout Fund, up from $780M
Seattle-based Frazier Healthcare Partners raised $1.4 billion for its tenth Healthcare Growth Buyout Fund, a significant increase from its prior $780 million fund and one of Washington state's largest institutional raises. The fund will invest $50–$150 million in 10–12 middle-market healthcare companies focused on pharmaceutical services, hospital outsourcing, and data analytics/AI, leveraging executive placements to drive consolidation.
98point6 Raises $118M Series E Led by L Catterton and Activant After 274% Membership Surge
Seattle telemedicine startup 98point6 raised $118 million in a Series E led by L Catterton and Activant Capital after membership grew 274% this year; the company offers AI-supported virtual primary care to over 3 million patients and serves employers and health plans. The round follows a $43 million Series D in April and comes amid a surge in digital health funding during the pandemic.
Sam’s Club partners with Seattle startup 98point6 to offer members discounted telehealth — $20 for first three months, $33.50/month after
Sam’s Club is partnering with Seattle telehealth startup 98point6 to offer virtual primary care to members, with a $20 introductory fee for the first three months (normally $30) and $33.50/month thereafter, plus quarterly and annual plans. 98point6 serves about 3 million patients across all 50 states, diagnoses 400+ common conditions via an AI-powered chatbot and raised $43 million in April.
Ignition Partners investors spin out Fuse Venture Partners led by Kellan Carter, Cameron Borumand and Seahawks star Bobby Wagner
A group of investors from Seattle VC firm Ignition Partners, including managing partner John Connors, have launched a spinoff called Fuse Venture Partners led by general partners Kellan Carter and Cameron Borumand and featuring Seahawks linebacker Bobby Wagner as a venture partner. Ignite will sunset its brand while Fuse focuses on doubling down in Seattle and managing new investments, with Wagner committing to active involvement.
98point6 raises $43M to triple physician capacity after 200% patient surge, serving 3M nationwide
Seattle telehealth startup 98point6 raised $43 million to expand capacity for its AI-powered virtual primary care amid a 200% surge in patient volume and COVID-19 demand. The funding will triple the company’s physician count this month as it serves over 3 million patients across all 50 states and added coronavirus screening in January.
Organizations
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98point6 Director 2018–present · current
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Frazier Healthcare Partners Managing Partner · current
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Seattle Seahawks Co-owner · current