May 27, 2020

Ribbon Health – $10.25 Million

New York, NY ; 2/26/20

Amount Funded: $10.25 Million

Type: Series A

Lead Investor: Andreessen Horowitz

Participating Investor(s): Y Combinator, Box Group, Nat Turner, Vivek Gripalli, Eric Roza

Company Description: “Ribbon Health is a health care data platform that provides the critical infrastructure that payers, providers, and digital health companies need to enable accurate provider directories, reliable referral management, and efficient care navigation. Ribbon offers a seamless API layer that integrates into each health care organization’s existing workflow to build connectivity across the industry and continuously improve the accuracy of its data with its spread and use. Ribbon is the only solution to offer all of these capabilities in one platform, and delivers the most comprehensive data on doctors, insurance plans, and the cost and quality of care culled from thousands of sources. By providing this infrastructure, Ribbon delivers on its mission of making it easy for every health care decision to be high-quality, cost effective, and convenient.”

What funding will be used for:

Expansion of its health care platform to more patients, proviers and other health care stakeholders.

Quotes:

“So much of the innovation in health care relies on accurate data. Our goal is to provide these companies the critical data infrastructure needed to improve quality of care, health outcomes, and control costs. Our platform and seamless API make it easy for customers to trust us to deliver the most comprehensive, accurate data, allowing them to focus on what they do best on the front lines of health care.”

-Nate Fox, co-founder and CTO, Ribbon Health

Notes:

  1. Ribbon Health welcomes Julie Yoo, general partner at Andreessen Horowitz, to its board of directors. 

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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