Total amount raised
$53.8 Millions
Latest funding date
11/01/2021
Location
Ribbon Health has successfully raised multiple funding rounds, with notable investors including Andreessen Horowitz and Core Innovation Capital. The company provides a healthcare data platform that supports accurate provider directories, reliable referral management, and efficient care navigation.
Keep reading to explore the intricacies of Ribbon Health's fundraising journey and the investors backing this innovative platform.
What Is Ribbon Health?
Ribbon Health, founded in 2016, is based in New York, New York. The company was established by Nate Fox and Nate Maslak.
Specializing in predictive analytics and data platforms, Ribbon Health provides critical infrastructure for payers, providers, and digital health solutions. Their services enable accurate provider directories, reliable referral management, and efficient care navigation.
With a team of 101-250 employees, Ribbon Health continues to innovate in the healthcare industry, supporting better decision-making and improved patient outcomes.
How Much Funding Has Ribbon Health Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Aug 22, 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the core technology platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Feb 21, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and begin market testing.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Feb 5, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the data platform.
- Series A
- Amount Raised: $10.3M
- Date: Feb 26, 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B
- Amount Raised: $43.5M
- Date: Nov 16, 2021
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and invest in technology to build a best-in-class data platform.
Total Amount Raised: $53.8M
Current Valuation: Not publicly disclosed
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in transformative companies from seed to growth stage and beyond. Holly Maloney, managing director at General Catalyst, joined Ribbon's Board of Directors after leading the Series B funding round.
- Investment Focus Areas: Healthcare, technology, consumer services
- Notable Investments: Airbnb, Deliveroo, Stripe
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz is a private venture capital firm that backs bold entrepreneurs building the future through technology. The firm participated in Ribbon Health's Series B funding round.
- Investment Focus Areas: Technology, software, healthcare, financial services
- Notable Investments: Facebook, Twitter, Airbnb
- Box Group
- Details: Box Group is an early-stage investment firm that invests in technology startups. They participated in Ribbon Health's Series B funding round.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Flatiron Health, PillPack, Stripe
- Rock Health
- Details: Rock Health is a venture fund dedicated to digital health. They participated in Ribbon Health's Series B funding round.
- Investment Focus Areas: Digital health startups
- Notable Investments: Omada Health, One Medical, Livongo
- Sachin Jain
- Details: Sachin Jain is an individual investor who participated in Ribbon Health's Series B funding round. Specific notable investments are not mentioned in the sources.
- Investment Focus Areas: Healthcare, technology
- Notable Investments: Not publicly disclosed
What's Next for Ribbon Health?
Ribbon Health stands at the cusp of significant growth opportunities, driven by its mission to simplify healthcare decisions through accurate data. With a recent $43.5 million Series B funding round, the company is poised to expand its team and invest in technology, aiming to build a best-in-class data platform. This expansion will enable Ribbon Health to address the "doctor data" gap, improving patient access to quality care and partnering with health plans, provider organizations, and digital health companies.
Future fundraising opportunities appear promising as Ribbon Health continues to demonstrate the impact of its data platform on healthcare decision-making. The growing demand for accurate and comprehensive healthcare data, coupled with advancements in digital infrastructure, positions the company well for attracting further investments. However, challenges such as ensuring data accuracy and integrating their platform into existing healthcare workflows remain. Competing with other healthcare data platforms will also be a hurdle as Ribbon Health navigates its path forward.
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