Cityblock Health, a Brooklyn, NY-based urban healthcare company, secured $20.8m in Series A funding.
The round, which brings Cityblock’s total funding to $23.2m, was led by Maverick Ventures with participation from Thrive Capital and Alphabet‘s Sidewalk Labs, a new investment company being formed by past CMS Administrator and former Group Executive Vice President at Optum Andy Slavitt, Dr. Mario Molina, CEO of Golden Shore Medical Group and former CEO of Molina Healthcare, Dr. Patrick Conway, former CMS Deputy Administrator and CEO of Blue Cross Blue Shield of North Carolina, Richard Barasch, former CEO of Universal American, Oxeon Partners, a healthcare growth services firm, Nat Turner and Zach Weinberg, co-founders of Flatiron Health, Vivek Garipalli, CEO of Clover Health, Halle Tecco, co-founder of Rock Health, Jeff Hammerbacher, co-founder of Cloudera, and Soraya Darabi of TrailMix Ventures as well as several strategic investors, including health plans and integrated provider organizations.
Cityblock also announced that Andy Slavitt, Vivek Garipalli, and Ambar Bhattacharyya will be joining its board of directors. Jared Weinstein from Thrive Capital will also be joining as board observer.
The company intends to use the funds to deploy its first clinical partnerships and expand its team and to advance development of Commons, its custom-built technology platform, and launch new partnerships with health plans, health systems, and social services providers across the country.
Led by Iyah Romm, CEO, co-founder, and board member, Cityblock Health leverages Commons to provide its a personalized health system, a community-delivered model of integrated primary care, behavioral health, and social services.
The company is building a personalized health system that serves qualifying Medicaid or Medicare beneficiaries who live in city neighborhoods that have traditionally gone without sufficient health services. The company partners with community-based organizations, health plans, and clinicians to reconfigure the delivery of fully integrated primary care, behavioral health, and social services by designing, testing, and deploying care delivery models and digital products.
FinSMEs
04/01/2018