Cityblock Health, a Brooklyn, N.Y.-based healthcare provider for Medicaid and lower-income Medicare beneficiaries, completed a $192m Series C extension funding round.
The round was led by new investor Tiger Global, with participation from existing investors including Kinnevik AB, Maverick Ventures, General Catalyst, Wellington Management, Thrive Capital, Redpoint Ventures, Echo Health Ventures, 8VC, and AIMS Imprint of Goldman Sachs Asset Management. The Series C extension brings Cityblock’s total fundraising since its founding in 2017 to about $500m.
The company will use the capital to accelerate deployment of its community and value-based care model nationwide.
Founded in 2017 and Iyah Romm, Chief Executive Officer and Co-Founder, Cityblock Health is a healthcare provider for Medicaid and lower-income Medicare beneficiaries. They partner with community-based organizations and health plans to deliver medical care, behavioral health, and social services virtually, in-home, and in their community-based clinics. The company currently serves 70,000 members across New York, Connecticut, Massachusetts, and Washington, DC.
FinSMEs
29/03/2021