# Circle Medical

Artificial intelligence assisted medical care 

## Elevator pitch
We're building a new kind of primary care practice that uses artificial intelligence to remodel the patient experience. Our technology assists and automates physician's decisions, which reduces the cost of care and delivers better outcomes for patients. We graduated from Y Combinator in 2015, tripled our growth this year, and expect to triple again next year. With our practice steeped in scalable tech, we're poised to take on a greater chunk of the $300B primary care market. 

- Canonical URL: https://wefunder.com/circlemedical
- Entity ID: wefunder:company:8823
- Last updated: 2026-06-23T05:01:10Z
- Generated at: 2026-06-23T10:34:48Z

## Quick facts
- 3x revenue growth this year; on track to 3x again next year.
- Raised $2.9M in first round from Y Combinator, Paul Buccheit (Gmail creator), Jawed Karim (YouTube Founder).
- Now raising second round. Already closed $3.5M from SV Angel (Ron Conway) and A.Capital.
- Y Combinator S15 graduate.
- 7x the margin of traditional primary care.
- 100+ corporate customers, including companies like General Electric, Twitch, Hilton, Atlassian, 23andMe, and others.
- In-network for 99% of patients in California by working with Anthem, Aetna, Cigna, United Healthcare, Blue Shield of California, and others.
- Our AI technology is fed by 10k medical records and 15k chat conversations.

## FAQ
1. **I would like to see revenue trends by month since January 2018 before I invest. Can you share this?**
   - 1/18: $109,151 2/18: $104,853 3/18: $117,879 4/18: $126,693 5/18: $125,347 6/18: $111,880 7/18: $93,871 8/18: $110,119 9/18: $161,108 10/18: trending to surpass $210,000
2. **You are selling preferred shares. Do they come with a dividend? And do you intend to buy them back or allow us to remain as investors long-term?**
   - The preferred shares come with liquidation preferences over the common stockholders. We are not planning a buy-back at this time, but there is a provision allowing the company to buy back the shares for either 3x the purchase price or fair market value (whichever is greater) if the number of investors exceeds the regulatory threshold.
3. **Do you have voting shares?**
   - Due to the number of investors we expect to participate in this campaign, the Wefunder investment agreement provides for the investor to appoint the CEO as their proxy.
4. **According to Circle Medical's Form C, gross margins have been negative. I understand you guys are in the early stages, but where does the "7x gross margin of traditional primary care" come from? Thanks!**
   - The reviewed financials as part of our Form C cover 2016 and 2017. We did in fact have negative margins then. Our margins for the last three months we have data for (June, July and August 2018) are 44.9%, 57.3% and 27.9% respectively.
5. **Do you intend to pay a dividend and what’s your exit?**
   - We do not intend to pay a dividend at this time. We plan to exit via acquisition or IPO many years from now.

## Team
- Tom Ronay, MD (Medical Director)
- George Favvas (CEO and Co-founder)
- Bianca Vivas (Lab Director and Director of Clinical Operations)
- Cassandra Choi, RN (Director of Operations)
- JS Boulanger (Co-founder and CTO)
- Patrick Rolfsen (Operations)
- Ilana Seidell, MD, ABOIM (Doctor, Family and Integrative Medicine)
- Gabriel Benmergui (Product Engineer)
- Nicole Tsang, DO (Doctor, Family Medicine)
- Sarah Bradbury (Care Coordinator)
- Krystina Patel (Clinical Assistant)
- Millad Mohlenhoff, PA-C (Physician Assistant)
- Tonya Hoffman, MD, ABOIM (Doctor, Family & Integrative Medicine)
- Jennifer Herrera, PA-C (Physician Assistant)

## Q&A
- Q: Where and how do I sell my investment in circle medical.
- Q: Update? News? Thanks
- Q: Hi George, haven't seen an update since January. When will you post another update? Thanks!
- Q: Hello. I am looking at the proposed amendments to the subscription agreement and have two questions: 1) how likely is it that/ do you intend to repurchase the shares as you grow? Is it your intention - broadly speaking and acknowledging that no-one has a crystal ball - to let seed investors participate until an IPO or change of control event? You have elsewhere in the agreement rights that allow you to force an ipo or a sale in case of change of control. So your repurchase rights are really there to kick seed investors out and replace them with ‘more interesting’ investors without falling within the scope of some US securities regulations. I am keen to understand based on your planned future raises what your intention and expectation is (no need for the legal explanation; I am keen to hear about the intention and expectation); 2) are all investors coming in at this valuation/ round being subjected to the same subscription agreement or did you engage in different/ side deals with some but not all? Many thanks, Gianluca.
  - A: Hi Gianluca, Answers below, with the understanding as you say that we don't have a crystal ball and could encounter different scenarios in the future: 1) Our intention is not to repurchase the crowdfunding shares unless they become a blocker to a transaction. The main risk would be if we were acquired for stock and had more than 35 unaccredited investors on our cap table. (The Crowdfunding campaign would add several hundred.) This would impose an additional burden on the acquirer and they may not want to jump through the SEC compliance and make the required public filings. An investor in a future round might also back out due the above risk, as it would reduce some of the potential for an exit. 2) The accredited investors have the same economic terms, but are not subject to the proxy or the automatic right of repurchase. At the $500k level or above, investors have been granted major investor status, which also gives them information rights, board observer status and well as pro-rata rights. Finally, we have a small number (3, I believe) of early/significant accredited investors who have been granted pro-rata rights despite falling short of the major investor threshold. I should add that the accredited investors invested several months ago when we had substantially less traction. My personal opinion is that providing the same economic terms to Crowdfunding investors today is both the right thing to do (since it's not their fault the closing was held up) and also a very good deal. I hope this answers your questions; please let me know if you still have any.
- Q: Hello, I really like this idea and will invest a bit. As an epidemiologist though, I'm curious about something. Have you considered using the AI to identify potential disease outbreaks and/or epidemiological risk factors for specific diseases? I can see great potential here for epidemiological research and public health interventions, and doing these things shouldn't require any extra data collection.
- Q: Hi Team, Recently saw Circle has reported 195% growth from Last year - congratulations. Could you please share on terms of buyback that you have signed with WELL which kicks in 3 years from now? Thank you
- Q: Should I be getting a stock certificate
- Q: George, I also invested with Wefunder and did not convert any of my shares into Well Health. Can you provide any updates in Circle's status? Will there be another opportunity to convert to Well Health shares?
- Q: It's June 2021 how's the merger going and what's the plan for the future.
- Q: George, I invested through Wefunder, but I'm also an accredited investor. What do I need to do to convert my Circle Medical shares to the Well Health technology shares? Also, for the others that are not accredited investors, what happens to their circle medical share if they don't accept offer, and what happens to the other 50% of shares for those that do accept offer.
- Q: Hello George, Just wanted to know the progress on the share sale to Well health technologies. What is the next step for us shareholders. Thanks Ravin
- Q: updates
- Q: How do we obtain the carta certificates?
- Q: It's a Warning, If we do not receive our share and our investment back, we WILL FILE A COMPLAINT TO LEGAL INSTITUTIONS AGAINST Circle and I URGE WEFUNDER TO LOOK INTO THIS MATTER. I will not let my $500 (which was saved for the future tuition invested so it could help me pay my fees.) TO THESE SCAMMERS. Dear Investors, Please help us with this. We need to take action. WeFunder must let us know what we should do next, as we all being scammed by them! Please assist us.
- Q: It's a Warning, If we do not receive our share and our investment back, we WILL FILE A COMPLAINT TO LEGAL INSTITUTIONS AGAINST Circle and I URGE WEFUNDER TO LOOK INTO THIS MATTER. I will not let my $500 (which was saved for the future tuition invested so it could help me pay my fees.) TO THESE SCAMMERS. Dear Investors, Please help us with this. We need to take action. WeFunder must let us know what we should do next, as we all being scammed by them!