StartUp Health Insights: Cityblock Raises $160M to Provide Healthcare to Lower-Income Communities | Week of Dec 16, 2020
By: Startup Health
Tags: Coronavirus, Innovation, Insights, Access To Care, Funding

StartUp Health Insights: Cityblock Raises $160M to Provide Healthcare to Lower-Income Communities | Week of Dec 16, 2020

Dr. Toyin Ajayi, Iyah Romm, and Bay Gross, co-founders of Cityblock Health

We saw nearly $820M in health innovation funding this week, including Cityblock Health, a StartUp Health portfolio company improving healthcare for low-income patients with complex medical needs. The $160M Series C round was led by General Catalyst, with participation from Wellington Management, Kinnevik AB, Maverick Ventures, Thrive Capital, Redpoint Ventures, and others. <source>

Other recent deals included:

Tempus, a Chicago, IL-based artificial intelligence and precision medicine company, raised $200M from Baillie Gifford, Franklin Templeton, Google, Novo Holdings, and T. Rowe Price. <source>

LeanTaaS, a Santa Clara, CA-based startup that increases patient access and transforms operational performance for healthcare providers, raised $130M led by Insight Partners, with participation from Goldman Sachs. <source>

nference, a Cambridge, MA-based science-first software company, raised $60M led by Matrix Capital Management, with participation from Matrix Partners, Mayo Clinic Ventures, and NTTVC. <source>

Modern Health, a San Francisco, CA-based mental health and wellness platform, Raised $51M led by Battery Ventures, with participation from Felicis Ventures, Kleiner Perkins, Founders Fund, 01 Advisors, Afore Capital, and Frederic Kerrest. <source>

Elation Health, a San Francisco, CA-based clinical-first technology company focused on primary care, raised $40M led by Generation Investment Management, with participation from Threshold Ventures and Kapor Capital. <source>

Well Dot, a Chapel Hill, NC-based artificial intelligence startup that uses data and behavioral economics to provide daily health recommendations, raised $40M from General Catalyst, John Doerr, Mosaic Health Solutions, and Hellman & Friedman Partners. <source>

MiCare, a Selangor, Malaysia-based healthcare third-party administrator, raised $30M from International Finance Corporation (IFC). <source>

Deepcell, a Mountain View, CA-based precision medicine company, raised $20M led by Bow Capital, with participation from Andreessen Horowitz. <source>

ConsejoSano, a North Hollywood, CA-based multicultural patient engagement company, raised $17M led by Magnetic Ventures, with participation from The American Heart Association/Bernard J. Tyson Impact Fund, DaVita Venture Group, Salesforce Ventures, Victor Oladipo, 7wireVentures, Impact Engine, Tufts Health Plan, and Wanxiang America. <source>

Nesos, a San Francisco, CA-based developer of a medical device that it hopes can train parts of the brain, raised $16.5M led by Mayfield Fund. <source>

HealthMatch, a Sydney, Australia-based startup that connects patients with upcoming clinical trials through an online platform, raised A$18M ($13.4M) led by Square Peg, with participation from Tempus Partners and Malcolm and Lucy Turnbull. <source>

Workit Health, an Oakland, CA-based digital rehab startup, raised $12M led by FirstMark Capital, with participation from Lux Capital, GingerBread Capital, Blue Cross and Blue Shield Venture Partners, and Rob Lowe. <source>

Freespira, a Kirkland, WA-based maker of an FDA-cleared digital therapeutic for panic attacks, panic disorder, and PTSD, raised $10M led by Lightspeed Venture Partners, with participation from Aphelion Capital, Medvest Capital, and Russell Siegelman. <source>

Simple, a Limassol, Cyprus-based mindful nutrition app, raised €4.1M ($4.9M) co-led by Target Global and Palta, with participation from S16 Angel Fund and Supernova. <source>

Story Health, a San Jose, CA-based startup building virtualized specialty care solutions, raised $4M from General Catalyst and Define Ventures. <source>

Blueprint, a Chicago, IL-based tech company focused on making it easier for mental health clinicians to practice measurement-based care, raised $3.4M led by Bonfire Ventures, with participation from Lightbank and other angel investors. <source>

Sesh, a San Francisco, CA-based mental health startup, raised $3M led by Polaris Partners. <source>

Pair Team, a San Francisco, CA-based end-to-end operations platform for primary care, raised $2.7M from Kleiner Perkins, Craft Ventures, YCombinator, and others. <source>

HealNow, a New York, NY-based onboarding and payments platform for pharmacies, raised $1.3M from SoftBank Opportunity Fund and Alabama Futures Fund. <source>