Funding round
Cityblock Health Series A
Cityblock Health, which works in primary care services in New York, raised $21M in a Series A round announced on 4 Jan 2018, led by Maverick Ventures. 5 firms took part. It is Cityblock Health's first venture round on record.
$21M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Cityblock Health did not disclose a valuation in this round. It is Cityblock Health's first venture round on record, 1 year after it was founded in 2017. It is 2.7% of the $762M Cityblock Health has raised in the venture rounds on record. Cityblock Health raised again 15 months later: a Series B round of $65M in Apr 2019. Its next priced round, a Series C in Dec 2020, valued it at $1.00B.
Cityblock Health's funding rounds
Cityblock Health has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Maverick Ventures led the round with 4 other firms.
Lead investor
- Maverick Ventures new investor
Also in the round
- Thrive Capital backs 130 venture-backed companies new investor
- Sidewalk Labs new investor
- Oxeon Partners new investor
- backs 29 venture-backed companies new investor
Joined the board: Andy Slavitt, Vivek Garipalli, Ambar Bhattacharyya and Jared Weinstein (Thrive Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
21 Series A rounds in Health Care Services within a year either side disclosed an amount; the median was $10M, and this round was 2.1 times the median. The closest in time, other companies' Series A rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ping An Good Doctor Health Care Services | 2 Feb 2018 | $1.15B | $8.80B | SoftBank Vision Fund |
| Health Care Services | 23 Feb 2018 | $12M | not disclosed | White Star Capital |
| Health Care Services | 3 Feb 2018 | $1.5M | not disclosed | not named |
| Health Care Services | 23 Nov 2017 | $6.6M | not disclosed | Shravin Bharti Mittal |
| Health Care Services | 9 Mar 2018 | $4.0M | not disclosed | large private corporation |
| Health Care Services | 14 May 2018 | $10M | not disclosed | not named |
| Health Care Services | 17 May 2018 | $4.2M | not disclosed | Prime Venture Partners |
| Health Care Services | 12 Jun 2018 | $22M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Cityblock Health raise in its Series A round?
Cityblock Health raised $21M in its Series A round, announced in Jan 2018.
Who led Cityblock Health's Series A round?
Maverick Ventures led it, with Thrive Capital, Sidewalk Labs, Oxeon Partners and Trailmix Ventures.
What was Cityblock Health's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Health Care Services?
21 Series A rounds in Health Care Services within a year either side disclosed an amount; the median was $10M, and this round was 2.1 times the median.
Did Cityblock Health raise again after this round?
Yes: a Series B round in Apr 2019 of $65M.