DispatchHealth Valuation, Funding & Investors

DispatchHealth is valued at $1.7B as of March 2021.

Last DispatchHealth valuation

$1.7B

Series D · Mar 2021

Last DispatchHealth funding round

$330M

Series E · Nov 2022

Cumulative funding DispatchHealth raised

$733M

across 6 funding rounds

Key investors in DispatchHealth

  • Questa Capital Management
  • Alta Partners
  • Echo Health Ventures
  • Oak HC/FT
  • Humana Inc.
  • Optum Ventures

DispatchHealth Overview

About DispatchHealth

DispatchHealth is a Denver-headquartered provider of in-home medical care founded in 2013, originally as True North Health Navigation. Clinicians deliver acute care services including diagnostics, IV therapies, and imaging directly to patients across 50 metro areas in 12 states. The company partners with health systems like UCHealth and insurers to reduce emergency room visits by 60 percent for treated cases. DispatchHealth operates 24/7 response teams with advanced equipment.


Founded

2013

HQ

United StatesDenver, CO

Status

Privately held

Customer focus

B2C

Revenue model

Services

Valuation

$1.7B (Mar 2021)

DispatchHealth Valuation

DispatchHealth is currently valued at $1.7B, based on its Series D in March 2021.

The $200M round was led by Tiger Global, with participation from Alta Partners, Humana Inc., Oak HC/FT, Echo Health Ventures and Questa Capital Management.

DispatchHealth valuation by funding round

DispatchHealth valuation by funding round
DateStageValuation
Mar 2021Series D$1.7B

DispatchHealth Funding History

DispatchHealth has raised a total of $733M across 6 funding rounds.

DispatchHealth's first fundraising round was a $4M seed round in August 2015. The most recent completed round was a $330M Series E in November 2022.

DispatchHealth funding rounds

DispatchHealth funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2022Series EOptum Ventures (lead); Adams Street Partners; Humana Inc.; Oak HC/FT; Echo Health Ventures; Blue Shield of California; Silicon Valley Bank; Pegasus Tech Ventures; The Olayan Group; Questa Capital Management$330M-DispatchHealth is the nation's first comprehensive in-home, high acuity medical care provider, delivering emergency medicine and internal medicine services to patients' homes to reduce unnecessary emergency room visits, hospital stays, and readmissions. The company operates a hospital-at-home model, SNF-substitution model, and diagnostic platform supporting moderate-complexity lab services through mobile imaging, ultrasonography, and echocardiography. DispatchHealth partners with health systems, payers, employer groups, and other healthcare providers across 34 states. In November 2022, DispatchHealth announced it raised more than $330 million in combined equity and debt financing. The equity component totaled $259 million in a Series E round led by Optum Ventures, with participation from new investors Adams Street Partners, Blue Shield of California, Olayan Group, and Pegasus Tech Ventures, plus continued support from existing investors Humana, Echo Health Ventures, Questa Capital, and Oak HC/FT. K2 HealthVentures, Silicon Valley Bank, and SVB Capital provided $75 million in debt financing with up to an additional $75 million available for growth initiatives, bringing total raised to over $400 million. This brought the company's cumulative total raise to over $700 million. The capital will be used to expand in-home high acuity care in existing and key expansion markets, accelerate technology platform development through the Last Mile Health Care Technology Platform, and strategically grow its portfolio of in-home care capabilities. The company had previously raised $200 million in Series D funding in early 2021 at a $1.7 billion valuation. CEO Prathe indicated DispatchHealth was exploring multiple exit strategies including going public, remaining private, or pursuing an acquisition.
Mar 2021Series DTiger Global (lead); Alta Partners; Humana Inc.; Oak HC/FT; Echo Health Ventures; Questa Capital Management$200M$1.7BDispatchHealth is a Denver-based provider of in-home medical care, delivering urgent and comprehensive healthcare services directly to patients' homes via an on-demand platform combining mobile technology with house calls. Founded in 2013 by emergency room physician Mark Prather and Kevin Riddleberger, the company offers clinical logistics, care coordination, and advanced care services equivalent to hospital-level treatment at home. On March 3, 2021, DispatchHealth raised $200 million in an additional Series D funding round led by Tiger Global, with participation from existing investors Alta Partners, Echo Health Ventures, Humana, Oak HC/FT, and Questa Capital. This brought total funding to over $417 million following a $135.8 million Series C round less than a year prior, achieving unicorn status with a post-money valuation of $1.7 billion. The capital is earmarked for expanding operations to over 100 markets nationwide from 31 at the time, enhancing availability of its Advanced Care service for high-needs patients, and capitalizing on pandemic-driven demand for at-home care. The company recently partnered with Humana to offer Advanced Care to its customers, with Humana also investing in the round. Tiger Global partner Scott Shleifer highlighted DispatchHealth's position as the leading internet-enabled in-home healthcare provider in a large, underpenetrated market accelerating the shift to home-based care.
Jun 2020Series COptum Ventures (lead); Alta Partners; Humana Inc.; Oak HC/FT; Echo Health Ventures; Cammie Blais; Questa Capital Management$136M-DispatchHealth is a Denver-based tech-enabled in-home healthcare provider founded in 2013 by Dr. Mark Prather and Kevin Riddleberger. The company delivers high-acuity medical care in patients' homes through mobile technology combined with house call services, positioning itself as a lower-cost alternative to emergency rooms, hospitals, and skilled nursing facilities. On June 23, 2020, DispatchHealth closed a $135.8 million Series C financing round led by Optum Ventures, with participation from existing investors Alta Partners, Questa Capital, and Echo Health Ventures, alongside new investors Oak HC/FT, Humana Inc., and additional strategic backers. The company reported having served more than 170,000 patients by mid-2020 and had achieved a Net Promoter Score of 95 across its first 160,000 patient visits. DispatchHealth demonstrated strong growth with home-based visits increasing 90% year-over-year as of June 2020, and the company noted it had helped avoid over $200 million in medical expenses by preventing ER visits and hospital admissions. The funding was designated to expand into new markets, build engineering and leadership talent, and explore partnerships for additional service offerings.
May 2019Series BEcho Health Ventures (lead); Alta Partners; Cammie Blais; Questa Capital Management$33M-DispatchHealth is an on-demand in-home healthcare provider delivering advanced medical care directly to patients' homes, targeting those with complex needs and multiple chronic conditions to reduce unnecessary ER visits and 911 transports. In May 2019, the company closed a $33 million growth financing round led by Echo Health Ventures, with participation from existing investors Alta Partners, Questa Capital Management, and additional strategic investors. The funds were intended to expand locations across the U.S., enhance treatment for high-medical-needs patients, invest in mobile app and logistics platforms, and support acute care delivery nationwide. The round aligned with DispatchHealth's mission to integrate into the care continuum via technology for seamless coordination with health systems and payers. The company projected savings of over $100 million in direct medical spending in 2019 through improved outcomes. Echo Health Ventures' investment partner Dusty Lieb highlighted the opportunity to address 22.2 million unnecessary annual 911 transports, praising the team's expertise in an evolving market. This 2019 round preceded later financings, including a June 2020 Series C, March 2021 Series D at $1.7 billion valuation raising $200 million led by Tiger Global with repeat investors, and a November 2022 Series E for $259 million.
Sep 2017Undisclosed stageAlta Partners (lead); Questa Capital Management (lead); US Acute Care Solutions$31M-DispatchHealth is a Denver, Colorado-based on-demand healthcare services provider founded in 2013 that delivers urgent and comprehensive medical care directly to patients in their homes. The company's service model includes treatment for conditions ranging from acute injuries to chronic disease management, with healthcare professionals including emergency medicine-trained physicians providing on-site care in patients' homes, senior care facilities, or offices. In September 2017, DispatchHealth announced a $30.8 million Series A funding round co-led by Alta Partners and Questa Capital, with participation from strategic partner US Acute Care Solutions and existing investors. At the time of this announcement, the company highlighted having produced over $20 million in medical cost savings through its model and emphasized its ability to view patients' social determinants of health and create optimized care plans. The funding was intended to expand operations and refine service delivery as the company scaled its mobile care platform. DispatchHealth has since grown substantially, raising over $417 million cumulatively by 2021 across multiple funding rounds and achieving a $1.7 billion post-money valuation in its Series D round in March 2021.
Aug 2015Seed-$4M-DispatchHealth raised $3.6 million in a seed funding round in August 2015 to launch its platform and test in-home care services. The funding supported expansion of current services and administration of onsite advanced medical care to improve outcomes and reduce healthcare costs. DispatchHealth delivers care through channels including local municipalities, 911-first response systems, health systems, employers, payers, and senior care facilities.

Who has invested in DispatchHealth?

14 investors have backed DispatchHealth across its funding rounds, including Questa Capital Management, Alta Partners, Echo Health Ventures, Oak HC/FT, Humana Inc. and Optum Ventures.

Lead investors include Optum Ventures, Tiger Global, Echo Health Ventures, Alta Partners and Questa Capital Management.


DispatchHealth Investors

Investors in DispatchHealth by funding rounds participated
InvestorHQRoundsRoleFirst check
Questa Capital ManagementUnited StatesSan Francisco, CA5LeadSep 2017
Alta PartnersUnited StatesJackson, MS4LeadSep 2017
Echo Health VenturesUnited StatesSeattle, WA4LeadMay 2019
Humana Inc.United StatesUnited States3ParticipantJun 2020
Oak HC/FTUnited StatesGreenwich, CT3ParticipantJun 2020
Cammie BlaisUnited StatesBoulder, CO2ParticipantMay 2019
Optum VenturesUnited StatesBoston, MA2LeadJun 2020
Adams Street PartnersUnited StatesChicago, IL1ParticipantNov 2022
US Acute Care SolutionsUnited StatesCanton, OH1ParticipantSep 2017
Tiger GlobalUnited StatesNew York City, NY1LeadMar 2021
Blue Shield of CaliforniaUnited StatesSan Francisco, CA1ParticipantNov 2022
Silicon Valley BankUnited StatesSan Jose, CA1ParticipantNov 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by DispatchHealth

DispatchHealth has acquired 3 companies to date.

Last acquisition by DispatchHealth was on March 18th 2025. DispatchHealth acquired Medically Home for undisclosed valuation.


Latest Acquisitions by DispatchHealth

Medically Home
Dynamic Mobile Imaging
Professional Portable X-Ray
Description
Medically Home is a Boston-headquartered provider of hospital-at-home services that equips health systems to deliver acute care directly in patients' residences. Its technology platform facilitates remote patient monitoring, clinician coordination, and access to a centralized command center for high-acuity conditions such as heart failure and COPD exacerbations. Launched in 2016, the company partners with leading institutions including Mayo Clinic, Cleveland Clinic, and UPMC to administer thousands of home-based hospital episodes across states like Tennessee, Texas, and Minnesota. Medically Home integrates telehealth, mobile diagnostic units, and pharmacy fulfillment to replicate inpatient capabilities outside traditional facilities, supporting Medicare-covered programs nationwide.
Dynamic Mobile Imaging is a United States-based provider of 24-hour mobile diagnostic services including digital x-ray, ultrasound, Doppler, EKG, and Holter monitoring. It serves hospice facilities, rehabilitation centers, correctional institutions, and residential care homes across multiple states. The company deploys advanced digital imaging units with certified technologists for on-site imaging.
Professional Portable X-Ray is a Burnsville, Minnesota-headquartered provider of mobile diagnostic imaging services. It operates X-ray, ultrasound, and vascular labs across Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, Nebraska, and Arizona. The company delivers bedside imaging for long-term care facilities, hospitals, and homebound patients.
HQ CountryUnited StatesUnited StatesUnited States
HQ City
Boston, MA
Richmond, VA
Burnsville, NC
Deal Date18 Mar 202514 Dec 202127 Apr 2021
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by DispatchHealth

DispatchHealth has invested in 1 company to date.

Latest investment by DispatchHealth was on March 9th 2022. DispatchHealth invested in Zaya Care in their $8M Seed round.


Latest Investments by DispatchHealth

Zaya Care
Description
Zaya Care is a platform empowering independent dietitians, physical therapists, occupational therapists, and acupuncturists to manage insurance billing profitably. Headquartered in the United States, it streamlines claims processing, credentialing, and revenue cycle management for small practices competing against health conglomerates. By automating administrative tasks, Zaya Care enables providers to focus on whole-body care outside hospital settings, expanding access to affordable services through partnerships with major insurers.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date9 Mar 2022
RoundSeed
Raised$8M
InvestorsStory Ventures; Tiger Global; Operator Partners; Inspired Capital Partners
Valuationundisclosed
EV/Revenue
EV/EBITDA

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DispatchHealth Competitors

DispatchHealth competitors include listed companies like Ping An Healthcare and JMDC, and private ones like Maven Clinic, Pomelo Care, Nourish and Zocdoc.

Public and private companies comparable to DispatchHealth
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Maven ClinicUnited StatesUnited StatesPrivate$268M-$1.7B6.3x
Pomelo CareUnited StatesNew York City, NYPrivate--$1.7B-
NourishUnited StatesNew York City, NYPrivate$160M-$1.8B10.9x
Ping An HealthcareChinaChinaPublicly listed$815M$52M$1.6B0.9x
ZocdocUnited StatesNew York City, NYPrivate$71M-$1.8B25.4x
JMDCJapanJapanPublicly listed$324M$88M$1.5B4.6x

DispatchHealth Public Comps

DispatchHealth is still privately-owned, but its public comps include Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Guiyang Longmaster, Medley Inc., American Well, Hims and Oscar Health.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x
JMDC$324M$88M5.0x4.6x18.4x17.9x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Talkspace$229M$6M3.4x3.4x129.3x49.4x
Guiyang Longmaster$44M$5M10.0x-87.9x-
Medley Inc.$236M$32M2.1x1.8x15.7x13.2x
American Well$249M($63M)0.2x0.2x(0.8x)(3.1x)

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Common questions about DispatchHealth

When was DispatchHealth founded?DispatchHealth was founded in 2013.
Where is DispatchHealth headquartered?DispatchHealth is headquartered in Denver, CO, United States.
Is DispatchHealth publicly listed?No, DispatchHealth is a private, VC-backed company.
What is DispatchHealth's valuation?DispatchHealth was last valued at $1.7B in its Series D in March 2021.
How much funding has DispatchHealth raised?DispatchHealth has raised $733M across 6 funding rounds.
What was DispatchHealth's last funding round?DispatchHealth's last funding round was a $330M Series E in November 2022, led by Optum Ventures.
Who are DispatchHealth's investors?DispatchHealth's investors include Questa Capital Management, Alta Partners, Echo Health Ventures, Humana Inc., Oak HC/FT, Cammie Blais, Optum Ventures, Adams Street Partners, US Acute Care Solutions, Tiger Global and 4 others.
Which companies are comparable to DispatchHealth?Companies comparable to DispatchHealth include Maven Clinic, Pomelo Care, Nourish, Ping An Healthcare, Zocdoc and JMDC.
How many companies has DispatchHealth acquired?DispatchHealth has acquired 3 companies, including Medically Home, Dynamic Mobile Imaging and Professional Portable X-Ray.
How many companies has DispatchHealth invested in?DispatchHealth has invested in 1 company, including Zaya Care.
What was DispatchHealth's last investment?In March 2022, DispatchHealth invested in Zaya Care's $8M seed round alongside Story Ventures, Tiger Global, Operator Partners and 1 other investor.

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