BIRMINGHAM, Ala. (GLOBE NEWSWIRE) — Alabama Futures Fund, LP (“AFF”) is excited to announce that it has recently invested in Birmingham, Alabama-based VirtualCare, LLC (“VC”). AFF’s investment will fund the launch of VC’s innovative Direct Primary Care platform, DoctorWELLington. DoctorWELLington will provide access to virtual care, telemedicine and primary care physician office visits for a low monthly subscription fee, without co-pays, deductibles and other traditional insurance fees. A first-of-its-kind approach, DoctorWELLington uses an integrated technology platform to offer end-to-end continuity of care to patients through a network of primary care physicians.
The DoctorWELLington service will be available to consumers directly or through participating employers as a supplemental healthcare benefit.
According to Mickey Millsap, partner at Redhawk Advisory who serves as the investment manager for AFF, “We believe that VirtualCare, through use of its DoctorWELLington product, is positioned to disrupt the traditional direct primary care market. We are very excited to see this company grow its forward-looking technology here in Alabama.”
Sam Eskildsen, the founder and CEO of VirtualCare shares in that excitement, “DoctorWELLington has a chance to revolutionize the way people get their Primary and Urgent Care. It is exciting to think that Alabama could be the birthplace of something so disruptive and on the leading edge of healthcare. Without the Alabama Futures Fund this would not have been possible. Their focus on growing the Alabama start-up ecosystem and incubating homegrown early-stage companies like VirtualCare is what makes it possible. It has been a joy to work with them. The process has been professional, quick, and exactly what early-stage startups need access to.”
About VirtualCare
Based in Birmingham, AL, VirtualCare is attempting to expand and disrupt the Direct Primary Care health care delivery market with its DoctorWELLington product offering.
About Alabama Futures Fund, LP
AFF seeks make seed and early-stage investments in Alabama-based operating companies and companies that are willing to relocate their headquarters and principal business operations to Alabama. AFF will target portfolio investments that demonstrate high growth potential, are led by coachable and adaptable founding teams and are focused on large total addressable markets. Additional information about AFF can be found at www.alabamafuturesfund.com.
About Redhawk Advisory
Redhawk Advisory (“Redhawk”) is a registered Investment Advisor with offices in Birmingham. Founded in 2018 by Matt Hottle and Mickey Millsap, Redhawk focuses on identifying investments in early-stage startups with high growth potential across a broad range of industries. For more information, please visit www.RedhawkAdvisory.com.
