Forward, a tech-enabled, subscription-based care company, is shutting down one year after raising $100 million in funding.
The company built self-service healthcare pods that allowed users to connect with telehealth providers in malls, gyms and office buildings. Forward, which charged users $99 per month for access to its CarePods, said on its website it would no longer see patients.
Related: Forward nabs $100M to build AI-connected health pods
In a letter published on its website on Tuesday, Forward said it was canceling scheduled visits, closing all locations and immediately shutting down its mobile application. The company said it would help patients transition their care. It provided patients an email address to reach its medical team until December 13.
The pods used artificial intelligence, telehealth and biometric sensors to serve patients with diabetes, hypertension, anxiety and depression.
The company raised $100 million in November 2023 with plans to manufacture and deploy the self-service healthcare pods across multiple states. Prior investors include Tokyo-based Softbank, Khosla Ventures and billionaire Peter Thiel's firm Founders Fund. Softbank led a $225 million Series D of Forward in March 2021 that valued the company at more than $1 billion. In July 2022, Forward laid off 5% of its workforce.
Forward founder and CEO Adrian Aoun did not respond to multiple requests for comment. Co-founder Ilya Abyzov declined to comment.
