Jaan Health, the company behind the AI-driven proactive care platform Phamily, has raised over $25 million to expand its mission of transforming between-visit care for patients with chronic conditions. The funding includes $15 million in non-dilutive growth capital from Level Structured Capital, an affiliate of Level Equity, which manages over $4.5 billion in assets and invests in fast-growing tech-enabled companies.
Founder and CEO Nabeel Kaukab emphasized that managing chronic disease cannot rely solely on occasional doctor visits. He noted that Jaan Health's Phamily platform, already used by over 150 healthcare organizations, enhances patient outcomes, boosts provider profitability, and lowers overall costs for payors. The new funding will help extend Phamily’s reach to millions more patients nationwide.
Phamily is a virtual care and AI-powered patient engagement solution that enables healthcare providers to deliver scalable, high-quality care management. With a proven record of serving hundreds of thousands of patients across more than 250 chronic condition types, Phamily has helped reshape how physicians manage care in the face of workforce shortages and rising costs. Jaan Health plans to use the capital to deepen its market leadership, expand into new segments, grow its presence within health systems, and scale its team to support rapid growth.
Barry Osherow, Partner at Level Structured Capital, noted that Jaan Health had built a successful, high-revenue business without institutional backing and praised its proprietary data, operational strength, and scalable vision. Bappa Mukherji, CEO of Java Medical Group, added that Phamily enables rural hospitals to provide better care more efficiently despite labor and financial constraints, calling it a cornerstone of their patient care strategy.