Cityblock rakes in $400M for platform centered on Medicaid and low-income populations and different digital well being fundings

Cityblock Well being, a major care startup that targets the Medicaid and low-income Medicare populations, has raised $400 million in funding, in response to STAT.  

The spherical was led by SoftBank, and it brings the corporate’s valuation to $5.7 billion, STAT reported. It comes months after the corporate raised $192 million in a Sequence C extension funding spherical.

“We’re extremely proud and grateful that a number of the world’s greatest and brightest healthcare minds have joined us,” stated Iyah Romm, CEO and cofounder of Cityblock, in a press release on the time.

“However greater than something, we’re excited for what this degree of capital funding means for our member inhabitants. It is clear that there’s elevated consciousness of this large drawback of well being inequity. We’re beginning to see urgency from buyers and trade leaders alike.”

A Cityblock spokesperson confirmed the corporate had raised a brand new spherical of capital, and it’s utilizing the funds to achieve extra folks. Cityblock stated it needs to serve 10 million members by 2030, so it might want to scale its operations, expertise and care providers.

The corporate is a spin-out of Alphabet subsidiary Sidewalk Labs based in 2017. Its essential focus since conception has been well being fairness. The startup developed a expertise platform referred to as Commons so as to allow collaboration between care suppliers. 

Digital well being firm Solv closed a $45 million Sequence C funding spherical led by Acrew Capital and Nook Ventures. Earlier buyers Greylock Companions and Benchmark Capital additionally participated. 

“At Solv, we see a possibility to push the trade in direction of a extra digital, consumer-focused and accessible actuality,” Solv CEO and cofounder Heather Fernandez stated in a press release.

“Simply because the monetary disaster modified client expectations and drove innovation in fintech, we’re seeing the identical tendencies in healthcare due to the COVID-19 pandemic. By inserting sufferers entrance and heart, either side of the healthcare system profit, and we will transfer the trade nearer to the longer term we’re working to construct.”

Solv helps sufferers make same-day appointments for care, nevertheless it expanded its providers in July, including EHR integrations, superior queueing to handle affected person schedules and in-app take a look at outcomes. 

In late 2020, the corporate introduced it had raised $27 million in a Sequence B+ funding spherical

Singapore-based Homage, a platform that connects sufferers and households with caregivers, introduced it had secured $30 million in Sequence C funding.

The spherical was led by Sheares Healthcare Group, a wholly-owned enterprise of worldwide funding agency Temasek. DG Daiwa Ventures and Sagana Capital additionally participated, together with current buyers together with East Ventures (Progress), HealthXCapital, SeedPlus, Trihill Capital and Alternate Ventures.

Homage stated the brand new capital brings its whole elevate to greater than $45 million.

“Our mission is to make on a regular basis take care of older adults and the chronic-ill personalised, accessible in addition to value efficient. By combining excessive contact with excessive tech, we’ve got been in a position to show that we enhance the lives, well being and wellness outcomes of our care recipients and households at scale,” Founder and CEO Gillian Tee stated in a press release.

“I’m thrilled to companion with this group of excellent institutional buyers which might be like-minded in our mission to offer trusted value-based care and bridge the gaps within the healthcare ecosystem – throughout payer, supplier and care recipient.”

Tee stated the corporate will use the brand new funding to put money into its expertise, in addition to additional its integration with payers and suppliers within the area.

London-based femtech firm Elvie added to its Sequence C funding spherical introduced in July, bringing the full raised to $97 million, in response to TechCrunch

The extra Sequence C consists of funds from the cofounders of Blume Fairness. Current buyers IPGL, Hiro Capital and Westerly Winds additionally participated.

Elvie’s merchandise embrace wearable breast pumps and an app-connected pelvic ground coach. 

SimpliFed, a platform for digital lactation consulting, introduced it had raised $500,000 in a pre-seed funding spherical led by Third Tradition Capital.

The startup stated it might use the funds to scale its lactation telehealth platform. 

“Our mission is to extend entry to breastfeeding and judgement-free toddler feeding assist for households all through the US, and that mission straight aligns with 3CC’s personal mission and beliefs,” Andrea Ippolito, founder and CEO of SimpliFed, stated in a press release.

“As a brand new dad or mum of two who understands what it’s wish to have breastfeeding struggles, our workforce is thrilled to work with them to assist new moms at this vital juncture of their lives.”

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