Menu Close
Cityblock

Invest in Cityblock Health

HealthTech

Founded: 2017

Headquarters: Brooklyn, New York

cityblock.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

Sign Up to Start Investing

Already have an account? Sign In

About
Summary
Valuation

About Cityblock

Cityblock Health is building a personalized health system that serves qualifying Medicaid or Medicare members who live in city neighborhoods that have traditionally gone without good health services.

Key Facts

Cityblock was developed by the urban innovation technology group within Alphabet.

Cityblock is truly differentiating itself from other HealthTech companies, with a focus on social justice initiatives that directly impact healthcare in marginalized communities. Cityblock actively focuses on this high-risk market and partners with local community-based organizations to help its members get access to primary care, behavioral healthcare and social services. In addition to medical care, Cityblock also attends to social needs, such as childcare, housing and transportation.

Cityblock favors a value-based healthcare model over the fee-for-service one, collecting fixed payments per member and providing personalized and tech-enabled care to patients.

By scaling its operations and technology, Cityblock is on track for executing its vision of upending a broken healthcare system and aims to serve 10 million members by 2030. Cityblock projects growth and expansion into more states in 2022 including Ohio and many others.

Cityblock reports significant reduction in patient hospital admission rates and overall improvement in quality outcomes, with data from its first member cohort reporting a 15% reduction in ER visits and a 20% reduction in hospital stays.

Cityblock sees 70% user engagement activity in its platform versus the health plan industry average of 5-7% and receives 85+ average NPS (Net Promotion Score)—which measures customer loyalty—versus provider industry average of 15.

Cityblock is building the largest dataset of its kind for social-medical factors and applies machine learning and data science techniques to unlock nuanced population segments, develop prioritization algorithms, and provide behavioral decision support for medical staff. Cityblock’s Alphabet-backed technology program, Commons, keeps patient data in one location so that providers can collaborate on a care plan.

According to Forbes, Cityblock doubled its membership and tripled its revenue growth in 2020. The Company’s 2020 revenue run rate was ~$400 million.

Cityblock reports monthly revenue between $1,100-$2,000 per member via patients with state and federally-funded health plans like Medicaid and Medicare.

Cityblock has quickly become an investor favorite, collecting the most funding out of any healthcare startup in 2021 from investors like SoftBank, Goldman Sachs Asset Management, Tiger Global Management, General Catalyst and 8VC.

Existing collaborations with major health providers include Blue Cross and Blue Shield of North Carolina, Tufts Health Plan's Unify plan, EmblemHealth, ConnectiCare, and CareFirst Community Health Plan.

Cityblock was featured on CB Insights Top 150 digital health companies for 2021 and in CNBC’s 2021 Disruptor 50 list.

Cityblock launched a permanent COVID-19 vaccination site in NYC in partnership with EmblemHealth.

Co-founder and president Toyin Ajayi served as judge for Forbes’ 30 Under 30: Healthcare ’22.

In May 2023, Cityblock ranked #36 on CNBC's 2023 Disruptor 50 list. CNBC’s annual Disruptor 50 list highlights private companies that are chasing some of the market’s biggest opportunities, and growing despite a tough capital markets environment and slowing economy.

In September 2023, Cityblock's CEO Dr. Toyin Ajayi was named to the 2023 TIME100 Next list. The 2023 TIME100 Next list recognizing the 100 emerging leaders from around the world who are shaping the future and defining the next generation of leadership.

Sign up to see more information

Get Started Button Arrow

Summary

trade

Customers

Nulla malesuada justo velit, eget

Donec rhoncus sapien sit amet mauris consectetur convallis. Proin mollis eros vel orci.

trade

Key Investors

Pellentesque tempus, ipsum id suscipit tristique, Aenean lacinia quis tortor sed, ornare Integer vel.

trade

Size of Market

Mauris velit nisl, ultrices ut est quis, dapibus euismod tellus. Ut finibus ultricies sollicitudin. Vivamus a aliquet magna. Fusce lacinia urna in laoreet facilisis. Aliquam dignissim efficitur sapien eu convallis.

trade

Market Position

Nam volutpat purus vel lacus pellentesque porttitor sed in orci. Vivamus porttitor sit amet tellus non sollicitudin. Suspendisse sit amet turpis nisi. In sem velit, interdum at augue id, eleifend tristique nunc, Maecenas scelerisque.

Industry

Mauris velit nisl

Primary Vertical

HealthTech

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

Company Valued Revenue
Coinbase
San Francisco, CA
$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B

Your access to private investment

Get Started Button Arrow