Jasper Health, backed by General Catalyst, is laying off staff

Cancer treatment startup Jasper Health has laid off a significant portion of its workforce, TechCrunch has learned. Engineering and product design were among the departments affected by the cuts, according to LinkedIn posts by affected employees.

TechCrunch could not independently confirm the exact number of people who were laid off, but an industry source with knowledge of the people affected believes it is about half of Jasper Health’s small team. According to PitchBook, Jasper Health had about 48 employees before the cuts.

The company’s co-founder and CEO, Adam Pellegrini, did not respond to TechCrunch’s request for comment. Attempts by TechCrunch via email were unsuccessful and messages bounced back.

Just over two years ago, in February 2022, Jasper Health raised a $25 million Series A round led by General Catalyst, with participation from Human Capital, W Health Ventures, Redesign Health and 7wireVentures. At the time, the company said it had raised a total of 31 million dollars into risk capital.

Most importantly, Jasper is a portfolio company of General Catalyst. The company VC is one of the most active investors in healthcare. He’s so serious about bringing startup-driven new technology to the US health care system that earlier this year a VC firm bought an Ohio-based health care system called Suma Health, an unprecedented venture capital move. But it’s clear that doesn’t mean all GC-backed health tech startups will flourish to the upside without a hitch.

Jasper is also notable because it was conceived and launched in 2018 by Redesign Health, an entrepreneurial company and studio that creates new healthcare companies. Redesign, led by CEO Brett Shaheen (previously at Lone Pine Capital and Carlyle Group), says it has built 50 healthcare startups that have collectively raised $1.3 billion. Redesign, itself backed by LPs such as General Catalyst, CVS Health Ventures and Samsung Next, also had its own layoffs earlier this year, Fierce Healthcare reported.

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Jasper’s human-driven digital platform offers care navigation, patient support and remote patient monitoring. The company also provides psychosocial care. He says that approximately 12% of his users are in remission from cancer.

Pelligrini, the company’s founder, began his career as a surgical specialist in the US Army. He also helped build the American Cancer Society’s website, which provides information to patients and caregivers about the disease. Prior to founding Jasper, he was senior vice president of virtual care and consumer health innovation at CVS Health.

Jasper Health’s competitors are Thyme Care and Reimagine Care.

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