Cityblock Health Raises $160M Series C Round

New Cityblock investor General Catalyst led the round, with participation from crossover investor Wellington Management and support from major existing investors, including Kinnevik AB, Maverick Ventures, Thrive Capital, Redpoint Ventures, and more. The investment round brings Cityblock's total equity funding to $300 million, as they look to grow their footprint to democratize access to community-based integrated care in a more than $1.3 trillion market.

The new funding will be used to support Cityblock's national expansion in caring for Medicaid and dually-eligible communities, to attract and onboard talent across its product, engineering, data science, clinical, and business operations, to launch new service lines, and to continue investing in its proprietary technology platform, Commons.

Founded in 2017, Cityblock Health is a transformative, value-based 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. Modern technology is at the core of the model, with custom-built tools to support every facet of care team operations and member interactions. Cityblock currently serves 70,000 members in New York, Connecticut, Massachusetts, and Washington, DC. For more information, visit cityblock.com.