Cityblock Health, a healthcare provider for Medicaid and lower-income Medicare beneficiaries, has announced the completion of a $192 million Series C extension funding round.
Cityblock will use the newly-raised capital to accelerate deployment of its community and value-based care model nationwide.
New Cityblock investor Tiger Global led this latest round, 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.
“As one of the only value-based, comprehensive providers solving specifically for the Medicaid population, Cityblock is tackling a much needed and very ignored problem,” said Scott Shleifer of Tiger Global. “We are thrilled to join the team working to revolutionize care for underserved populations.”
“We’re incredibly proud and grateful that some of the world’s best and brightest healthcare minds have joined us,” said Iyah Romm, Chief Executive Officer and Co-Founder of Cityblock. “But more than anything, we’re excited for what this level of capital investment means for our member population. It’s clear that there is increased awareness of this massive problem of health inequity. We’re starting to see urgency from investors and industry leaders alike.”
The Series C extension brings Cityblock’s total fundraising since its founding in 2017 to about $500 million.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.