Greater Good Health, a Manhattan Beach startup that places nurse practitioners inside existing physician practices, has raised $63 million across three funding rounds to address the national doctor shortage.
The company, headquartered at 2808 Laurel Ave., closed a $33 million Series B in March 2026 that combined $20.5 million in equity led by Allumia Ventures with a $12.5 million venture debt facility from HSBC Innovation Banking, according to Health Tech Nerds. The Los Angeles Business Journal flagged the company on Monday, July 27, noting it had raised "more than $50 million" to connect nurse practitioners with doctors' offices.
The full investor roster for the Series B includes Flare Capital Partners, DaVita Venture Group, Epsilon, Granite Financial Holdings, Health Velocity Capital, LRVHealth, Martin Ventures, and Optum Ventures, according to startup database Startup Intros.
Founder and CEO Sylvia Hastanan launched Greater Good Health in March 2021 after leadership roles at Optum, DaVita Medical Group, and HealthCare Partners. The pitch: embed nurse practitioners directly into risk-bearing provider networks so patients can get primary care without switching practices. In underserved markets like Montana and Idaho, the company also operates its own standalone clinics.
"Seniors value and prioritize access to quality care over provider credentials," Hastanan said in a March 5, 2026, interview with Health Tech Nerds when the Series B was announced.
The model leans on smaller patient panels. They are 75% smaller than the average U.S. primary care physician's, according to Hastanan's Health Tech Nerds interview, which allows 60-minute new-patient visits and same-day appointments. Greater Good Health's 2024 Impact Report showed the company serving more than 43,000 patients across 19 states with a team of over 120 employees.
The timing aligns with a widening gap in primary care. The Association of American Medical Colleges projects the U.S. will face a shortage of up to 86,000 physicians by 2036, including as many as 40,400 primary care doctors.
California gave nurse practitioners full practice authority in 2023, letting them evaluate, diagnose, and prescribe without physician oversight.
Greater Good Health's earlier rounds — $10 million in May 2022 led by LRVHealth and a $20 million Series A in October 2023 led by Flare Capital Partners — brought the cumulative total to $63 million. The company has not disclosed how many South Bay patients it currently serves locally.
With 43,000 patients across 19 states and $63 million in the bank, Greater Good Health's next move is scaling the model further. The company said the Series B funds will go toward improving outcomes and managing medical costs across its partner networks.
