Cityblock Health Valuation, Funding & Investors
Cityblock Health is valued at $5.7B as of September 2021.
Last Cityblock Health valuation
$5.7B
Series D · Sep 2021
Last Cityblock Health funding round
$116M
Series E · Aug 2026
Cumulative funding Cityblock Health raised
$1B
across 7 funding rounds
Key investors in Cityblock Health
Maverick Ventures
Redpoint
Thrive Capital
General Catalyst
8VC
Kinnevik
About Cityblock Health
Cityblock Health is a Brooklyn-headquartered tech-enabled provider of integrated health and social care for underserved communities with complex needs. Founded in 2017, it partners with Medicaid managed care organizations like EmblemHealth to deliver personalized prevention services through mobile clinics and apps, including a COVID-19 risk assessment tool adopted by health systems nationwide.
Founded
2017
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Services, Subscription
Valuation
$5.7B (Sep 2021)
Cityblock Health Valuation
Cityblock Health is currently valued at $5.7B, based on its Series D in September 2021.
The $400M round was led by SoftBank Group, with participation from Citi Impact Fund and Empede Capital.
Cityblock Health's valuation has grown 1.9x from $2.9B at its Series B in July 2020 to $5.7B in September 2021, across 4 priced rounds.
Cityblock Health valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Series D | $5.7B |
| Mar 2021 | Series C | $3B |
| Dec 2020 | Series C | $1B |
| Jul 2020 | Series B | $2.9B |
Cityblock Health Funding History
Cityblock Health has raised a total of $1B across 7 funding rounds.
Cityblock Health's first fundraising round was a $21M Series A in January 2018. The most recent completed round was a $116M Series E in August 2026.
Cityblock Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series E | General Catalyst (lead) | $116M | - | Cityblock Health announced a definitive agreement to acquire Homeward Health in an all-stock transaction alongside a $116 million Series E financing led by General Catalyst in August 2026. The financing supports scaling proactive, affordable, and accessible care, and the combination unifies Cityblock’s urban-focused value-based care platform with Homeward’s rural-first care model. The transaction extends General Catalyst’s backing of both companies and broadens Cityblock’s reach across urban and rural populations, with scale of nearly 200,000 members across multiple healthcare programs. Cityblock’s platform uses its proprietary CORE operating system for care orchestration and predictive analytics, and the company operates as an AI-native outcomes-based care delivery platform. Cityblock is a New York-based healthcare provider platform serving Medicaid and Medicare populations, while Homeward provides technology-enabled care delivery for rural Medicare and Medicaid beneficiaries through virtual and in-home services. The acquisition was structured as an all-stock deal, and the concurrent Series E was led by the same investor backing the combined strategy. |
| Sep 2021 | Series D | SoftBank Group (lead); Citi Impact Fund; Empede Capital | $400M | $5.7B | Cityblock Health is a healthcare provider delivering community-based, in-home, and virtual primary care focused on physical, mental, and social health for Medicaid and low-income Medicare beneficiaries in underserved communities. The company operates in multiple U.S. markets including New York, Massachusetts, Connecticut, North Carolina, and Washington, D.C., serving around 70,000-75,000 members at the time of the funding. It partners with health plans like EmblemHealth, ConnectiCare, Tufts Health Plan, and CareFirst to improve outcomes such as reducing emergency room visits by 15% and inpatient hospital stays by 20% for its members. In a late-stage Series D funding round reported around March-September 2021, Cityblock raised $400 million led by SoftBank, achieving a post-money valuation of $5.7 billion. This followed a $192 million Series C extension months earlier and built on prior raises totaling nearly $900 million, accelerating expansion toward serving 10 million members by 2030 through scaling operations, technology like its Commons platform, and care services. |
| Mar 2021 | Series C | Tiger Global (lead); General Catalyst; Redpoint; Wellington Management; 8VC; Maverick Ventures; Echo Health Ventures; Kinnevik; Thrive Capital; Goldman Sachs Asset Management | $192M | $3B | Cityblock Health is a healthcare provider that delivers integrated primary care, behavioral health, and chronic disease management services specifically designed for Medicaid and lower-income Medicare beneficiaries. Incubated from Alphabet's Sidewalk Labs and partnered with EmblemHealth, the company addresses social determinants of health such as transportation, housing, and access to nutritious food alongside clinical care. The company operates virtually and in-person across multiple states including Washington D.C. On March 29, 2021, Cityblock Health closed a $192 million Series C extension funding round led by Tiger Global, with participation from existing investors including Kinnevik AB, Maverick Ventures, General Catalyst, Wellington Management, Thrive Capital, Redpoint Ventures, Echo Health Ventures, 8VC, and AIMS Imprint of Goldman Sachs Asset Management. The Series C extension brought the company's post-money valuation to $3 billion and total fundraising since its 2017 founding to approximately $500 million. The company did not disclose its revenue or EBITDA metrics. This funding reflected increasing investor confidence in Cityblock's value-based care model for underserved populations, with industry observers noting heightened attention to health equity issues in the aftermath of the pandemic. |
| Dec 2020 | Series C | General Catalyst (lead); Redpoint; Wellington Management; Maverick Ventures; Kinnevik; Thrive Capital | $160M | $1B | Cityblock Health is a healthcare provider delivering integrated primary care, behavioral health, and social services to low-income and Medicaid-eligible communities with complex needs, addressing social determinants of health through community caregivers, clinicians, and a proprietary technology platform called Commons. The company spun out of Alphabet’s Sidewalk Labs in 2017, initially partnering with EmblemHealth, and operates in cities like New York, Connecticut, Massachusetts, and Washington, serving around 70,000 patients, most with multiple chronic conditions. In December 2020, Cityblock raised $160 million in a Series C round led by General Catalyst, with participation from Wellington Management, Kinnevik AB, Maverick Ventures, Thrive Capital, Redpoint Ventures, and others, achieving a post-money valuation over $1 billion and bringing total equity funding to $300 million. The funding supports national expansion into Medicaid and dually-eligible markets, talent acquisition in product, engineering, data science, clinical, and operations, new service lines, and platform enhancements. The model focuses on reducing total cost of care through better outcomes, lower hospital use, and increased patient engagement, particularly validated during the COVID-19 pandemic for high-risk populations. The company had prior rounds including a $54 million Series B in July 2020. |
| Jul 2020 | Series B | Kinnevik (lead); Redpoint; EmblemHealth; Town Hall Ventures; 8VC; Maverick Ventures; Echo Health Ventures; Thrive Capital; Goldman Sachs Asset Management; Alphabet | $54M | $2.9B | Cityblock Health is a US-based value-based care provider focused on underserved urban populations with complex health needs, partnering with health insurers through risk contracts to manage high-cost members, reduce total care costs, and address health inequities. The company delivers integrated primary care, behavioral health, and social services, primarily for Medicaid and lower-income Medicare patients, originating as a Sidewalk Labs spinoff in 2017. In July 2020, Cityblock raised a $53.5 million Series B+ round led by Kinnevik, with participation from Alphabet, Echo Health Ventures, EmblemHealth, and others including Goldman Sachs Asset Management, Maverick Ventures, Redpoint, Thrive Capital, and Town Hall Ventures. Kinnevik invested SEK 235 million (equivalent to USD 25-30 million) for an 8% ownership stake, implying a post-money valuation of approximately USD 2.94 billion based on the fair value reported at SEK 233 million. The funds supported growth in serving complex, underserved communities. Traction included strong operational performance amid the COVID-19 pandemic, which highlighted vulnerabilities in lower-income and communities of color. This round preceded a December 2020 Series C of $160 million led by General Catalyst at over $1 billion valuation, bringing total funding to about $300 million, with Kinnevik increasing to 9% stake. Kinnevik marked up their Cityblock holding significantly post-Series C, reflecting sector momentum in value-based care alongside peers like VillageMD and Oak Street Health. |
| Apr 2019 | Series B | Redpoint (lead); Emblem; Town Hall Ventures; 8VC; StartUp Health; Maverick Ventures; Echo Health Ventures; Thrive Capital; Sidewalk Labs | $65M | - | Cityblock Health is a healthcare company focused on providing value-based primary care—both physical and mental health services—to underserved urban communities, operating both virtually and in-office. The company was founded in 2017 and is headquartered in Brooklyn, New York. In April 2019, Cityblock closed a Series B financing round that included multiple tranches totaling approximately $65 million. Investors in these tranches included Redpoint Ventures, 8VC, Echo Health Ventures, Emblemhealth, Maverick Ventures, Sidewalk Labs, Startup Health, Thrive Capital, and Town Hall Ventures. |
| Jan 2018 | Series A | Maverick Ventures (lead) | $21M | - | Cityblock Health, founded in 2017 as a spinoff of Alphabet's Sidewalk Labs, provides primary care services including physical and mental healthcare to low-income patients on Medicaid and Medicare, partnering with health plans and community organizations. The company focuses on underserved urban communities, operating virtually and in-office across multiple states by later years. Its early Series A round in early 2018 raised $20.8 million from investors including Maverick Ventures, Thrive Capital, and Sidewalk Labs. This was followed by a $65 million Series B in April 2019 led by Redpoint Ventures with participation from EmblemHealth, Echo Health Ventures, 8VC, Thrive Capital, Maverick Ventures, Town Hall Ventures, and StartUp Health. Subsequent rounds included a $53.5 million Series B+ in July 2020 led by Kinnevik with Alphabet, EmblemHealth, Echo Health Ventures, Goldman Sachs Asset Management, Maverick Ventures, Redpoint Ventures, Thrive Capital, and 8VC. Cityblock continued scaling with a $160 million Series C in December 2020 led by General Catalyst, reaching a $1 billion valuation and total funding of about $300 million at that point, with investors including Wellington Management, Kinnevik, Maverick Ventures, Thrive Capital, and Redpoint Ventures. A Series C-2 followed in March 2021 raising $192 million, valued at around $3 billion per some sources. The company raised a total of approximately $891-900 million across 11 rounds by 2021, culminating in a Series D in September 2021 at a $5.7 billion valuation with $400 million raised, led by investors like Tiger Global Management. Funds were used for regional expansion, technology development, data science, clinical operations, and serving more Medicaid patients. Maverick Ventures participated in multiple rounds beyond the Series A, including later Series C and E rounds up to 2025 where the company raised $192 million at a $5.7 billion valuation. |
Who has invested in Cityblock Health?
19 investors have backed Cityblock Health across its funding rounds, including Maverick Ventures, Redpoint, Thrive Capital, General Catalyst, 8VC and Kinnevik.
Lead investors include General Catalyst, SoftBank Group, Tiger Global, Kinnevik, Redpoint and 1 other investor.
Cityblock Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| United States | 5 | Lead | Jan 2018 | |
| San Francisco, CA | 4 | Lead | Apr 2019 | |
| New York City, NY | 4 | Participant | Apr 2019 | |
| San Francisco, CA | 3 | Lead | Dec 2020 | |
| San Francisco, CA | 3 | Participant | Apr 2019 | |
| Seattle, WA | 3 | Participant | Apr 2019 | |
 Stockholm | 3 | Lead | Jul 2020 | |
| Boston, MA | 2 | Participant | Dec 2020 | |
| New York City, NY | 2 | Participant | Apr 2019 | |
| New York City, NY | 2 | Participant | Jul 2020 | |
| New York City, NY | 1 | Participant | Jul 2020 | |
 Paris | 1 | Participant | Apr 2019 | |
 Tokyo | 1 | Lead | Sep 2021 | |
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Start Free TrialAcquisitions by Cityblock Health
Cityblock Health has acquired 1 company to date.
Last acquisition by Cityblock Health was on August 20th 2026. Cityblock Health acquired Homeward for undisclosed valuation.
Latest Acquisitions by Cityblock Health
| Description | Homeward is a San Francisco-headquartered provider of virtual and in-home healthcare for rural America. Serving 60 million residents, the company deploys multidisciplinary teams via telehealth, mobile units, and remote monitoring devices. Homeward partners with Medicare Advantage plans in states like Minnesota and Washington, assuming full risk for members to deliver comprehensive primary care, chronic disease management, and behavioral health services. Launched in 2019, it focuses on high-quality, cost-effective care in underserved areas. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 20 Aug 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cityblock Health acquisitions and their M&A valuation multiples. Start Free Trial | |
Cityblock Health Competitors
Cityblock Health competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like Doctolib, Aledade, Grow Therapy and Somatus.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Paris | Private | $400M | - | $6.4B | 16.0x | |
| Washington, DC | Private | $475M | - | $3.5B | 7.4x | |
| New York City, NY | Private | $1B | - | $3B | - | |
| Washington, DC | Private | - | - | $2.5B | - | |
 China | Publicly listed | $44M | $5M | $482M | - | |
| Japan | Publicly listed | $236M | $32M | $459M | 1.8x |
Cityblock Health Public Comps
Cityblock Health is still privately-owned, but its public comps include Waystar, Hims, Doximity, Fortis Healthcare, CCC Intelligent Solutions, M3 Inc., Privia Health, Tieto, Clover Health and Schrödinger.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $390M | 5.8x | 5.2x | 16.3x | 12.3x | |||
| $2.3B | $178M | 3.1x | 2.4x | 40.4x | 23.9x | |||
| $645M | $229M | 6.3x | 6.2x | 17.7x | 11.9x | |||
| $943M | $215M | 7.8x | 7.1x | 34.1x | 31.0x | |||
| $1.1B | $238M | 4.8x | 4.5x | 21.5x | 10.8x | |||
| $2.3B | $473M | 3.1x | 3.0x | 14.8x | 11.6x | |||
| $2.1B | $44M | 1.0x | 0.9x | 50.2x | 15.3x | |||
| $2.1B | $186M | 1.3x | 1.4x | 15.2x | 7.9x | |||
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Common questions about Cityblock Health
| When was Cityblock Health founded? | Cityblock Health was founded in 2017. |
| Where is Cityblock Health headquartered? | Cityblock Health is headquartered in New York City, NY, United States. |
| Is Cityblock Health publicly listed? | No, Cityblock Health is a private, VC-backed company. |
| What is Cityblock Health's valuation? | Cityblock Health was last valued at $5.7B in its Series D in September 2021. |
| How much funding has Cityblock Health raised? | Cityblock Health has raised $1B across 7 funding rounds. |
| What was Cityblock Health's last funding round? | Cityblock Health's last funding round was a $116M Series E in August 2026, led by General Catalyst. |
| Who are Cityblock Health's investors? | Cityblock Health's investors include Maverick Ventures, Redpoint, Thrive Capital, General Catalyst, 8VC, Echo Health Ventures, Kinnevik, Wellington Management, Town Hall Ventures, Goldman Sachs Asset Management and 9 others. |
| Which companies are comparable to Cityblock Health? | Companies comparable to Cityblock Health include Doctolib, Aledade, Grow Therapy, Somatus, Guiyang Longmaster and Medley Inc.. |
| How many companies has Cityblock Health acquired? | Cityblock Health has acquired 1 company, including Homeward. |
See companies similar to Cityblock Health
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