Cityblock Health
Radically different health care built on trust, empathy, and understanding for underserved communities
Health
📍 Brooklyn, New York
Founded 2017
Current Valuation
$1.2B
as of 2024-Q2
UNICORN
Cityblock Health is a tech-driven value-based healthcare provider focused on serving Medicaid and dually eligible (Medicaid/Medicare) beneficiaries in underserved urban communities. Founded in 2017 and spun out of Alphabet's Sidewalk Labs, the company delivers integrated primary care, behavioral health, and social services through a combination of virtual care, in-home visits, and community-based clinics. Cityblock's model addresses medical needs alongside social determinants of health, achieving 15% reduction in ER visits and 20% reduction in hospital stays. The company partners with health plans and receives fixed monthly payments per member while sharing in cost savings from improved outcomes. Known for 70% member engagement (vs industry average of 5-7%) and NPS scores over 85.
Company Profile
Est. Revenue
$1.5B (2024-Q2)
Growth
8X growth in dually eligible members since 2020; serving 130,000+ members across 10+ US states; revenue exceeded $1B in 2023
Last Round
Series X — $39M (Jun 2024)
Founders & Key People
Toyin AjayiIyah RommBay GrossMat Balez
Investors
SoftBank · Tiger Global Management · General Catalyst · Wellington Management · Kinnevik · Maverick Ventures · Thrive Capital · Redpoint Ventures · 8VC · Echo Health Ventures · Goldman Sachs Asset Management · Town Hall Ventures · EmblemHealth · Sidewalk Labs · Citi Impact Fund · CrossWork.us
Products
- Member care platform
- Virtual care services
- In-home care
- Primary care
- Behavioral health services
- Mental health counseling
- Psychiatry
- Social determinants of health services
- Social care coordination
- Urgent care
- Hospital to home transitions
- Pediatrics
- Substance use disorder treatment
Competitors
Oak Street Health · ChenMed · Aledade · Privia Health · Recovery.com · Pluto Health · AbsoluteCARE
Value-based careMedicaidMedicareDually eligible beneficiariesUnderserved communitiesHealth equitySocial determinants of healthIntegrated careTech-enabled healthcarePrimary careBehavioral healthUnicornBlack foundedWomen founded
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q2. Refreshed quarterly.