Funding round
Cityblock Health Series B
Cityblock Health, which works in primary care services in New York, raised $65M in a Series B round announced on 15 Apr 2019, led by Redpoint Ventures. 9 firms took part. It is Cityblock Health's second venture round on record; the one before was a Series A in Jan 2018.
$65M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Cityblock Health did not disclose a valuation in this round. It came 15 months after Cityblock Health's Series A. It is 8.5% of the $762M Cityblock Health has raised in the venture rounds on record. Cityblock Health raised again 20 months later: a Series C round of $160M in Dec 2020, at $1.00B post-money.
Cityblock Health's funding rounds
Cityblock Health has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Redpoint Ventures led the round with 8 other firms.
Lead investor
- Redpoint Ventures backs 194 venture-backed companies new investor
Also in the round
- 8VC new investor
- backs 25 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Sidewalk Labs new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Maverick Ventures new investor
- backs 25 venture-backed companies new investor
- EmblemHealth new investor
Joined the board: Elliot Geidt (Redpoint Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
15 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $23M, and this round was 2.9 times the median. The closest in time, other companies' Series B rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ro Health Care Services | 16 Apr 2019 | $85M | $500M | FirstMark |
| Health Care Services | 12 Apr 2019 | $23M | not disclosed | not named |
| Health Care Services | 23 Apr 2019 | $17M | not disclosed | SBI Investment |
| Health Care Services | 2 May 2019 | $15M | not disclosed | Drive Capital |
| Health Care Services | 1 Mar 2019 | $12M | not disclosed | not named |
| Health Care Services | 17 Jun 2019 | $40M | not disclosed | La Caisse and HV Capital |
| Carbon Health Health Care Services | 5 Jun 2019 | $30M | not disclosed | Brookfield |
| Health Care Services | 11 Jun 2019 | $23M | not disclosed | Echo Health Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cityblock Health raise in its Series B round?
Cityblock Health raised $65M in its Series B round, announced in Apr 2019.
Who led Cityblock Health's Series B round?
Redpoint Ventures led it, with 8VC, Echo Health Ventures, StartUp Health, Sidewalk Labs and Thrive Capital and 3 more.
What was Cityblock Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Health Care Services?
15 Series B rounds in Health Care Services within a year either side disclosed an amount; the median was $23M, and this round was 2.9 times the median.
Did Cityblock Health raise again after this round?
Yes: a Series C round in Dec 2020 of $160M at $1.00B post-money.