Vori Health Funding, Investors & Competitors

Vori Health has raised $109M across 4 funding rounds, most recently a $53M Series B in March 2025.

Last Vori Health funding round

$53M

Series B · Mar 2025

Cumulative funding Vori Health raised

$109M

across 4 funding rounds

Key investors in Vori Health

  • New Enterprise Associates
  • AlleyCorp
  • Max Ventures
  • Echo Health Ventures
  • Ascension Ventures
  • Intermountain Ventures
  • Intermountain Healthcare

Vori Health Overview

About Vori Health

Vori Health is a New York-headquartered virtual musculoskeletal clinic founded in 2020. It delivers integrated care for back pain and joint issues via telehealth, including physician consults, physical therapy, and imaging orders. Vori's team coordinates with Quest Diagnostics labs and partners with employers like Walmart for 100,000 covered lives.


Founded

2020

HQ

United StatesNashville, TN

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Subscription

Vori Health Funding History

Vori Health has raised a total of $109M across 4 funding rounds.

Vori Health's first fundraising round was a $4M seed round in July 2020. The most recent completed round was a $53M Series B in March 2025.

Vori Health funding rounds

Vori Health funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2025Series BNew Enterprise Associates (lead); Max Ventures; Echo Health Ventures; Intermountain Ventures; AlleyCorp$53MVori Health is a physician-led virtual musculoskeletal (MSK) care provider offering an integrated solution that includes physical medicine, rehabilitation, physical therapy, prescriptions, imaging, lab ordering, health coaching, nutritional guidance, and community support, accessible remotely to address fragmented traditional care paths leading to unnecessary surgeries and poor outcomes. The company secured a $53 million oversubscribed Series B funding round on March 11, 2025 (announced April 11, 2025), led by New Enterprise Associates with participation from AlleyCorp, Echo Health Ventures, Intermountain Ventures, and Max Ventures, bringing total funding to $103 million across four rounds. Since its Series A, Vori Health achieved 91.6% of patients reporting clinically significant pain improvement, 78-90% reduction in elective orthopedic surgeries, 42% decrease in opioid utilization, and up to 68% reduction in depression and anxiety, delivering a verified 4:1 ROI for health plan and employer clients through value-based care. The funding will support expansion of value-based initiatives, advanced data analytics for high-risk members, and enhancements to its AI-powered platform and clinical programs. Vori operates in a growing digital MSK market projected at USD 5.2B in 2025.
Jul 2021Series AIntermountain Healthcare; Max Ventures; New Enterprise Associates; Echo Health Ventures; Ascension Ventures; AlleyCorp$15MVori Health raised $5M in a Series A-II round on July 2, 2021, from Ascension Ventures, Echo Health Ventures, and Intermountain Health. This followed a $45M Series A in May 2021. A $53M Series B round occurred later, led by NEA with AlleyCorp, Intermountain Ventures, Echo Health Ventures, and Max Ventures, to expand value-based musculoskeletal care, data analytics, and AI technology.
May 2021Series ANew Enterprise Associates (lead); Max Ventures; AlleyCorp$38MVori Health is a virtual-first musculoskeletal (MSK) care provider offering physician-led solutions that integrate board-certified specialists, health coaches, physical therapists, and nutritionists to deliver non-operative care, reducing unnecessary surgeries and healthcare costs. The company focuses on value-based care models, accessible virtually and through in-person partners, targeting employers and health plans with evidence-based treatments for conditions like back pain and joint issues. In 2021, Vori Health raised over $50 million in a Series A funding round, which included an initial portion and additional capital announced on July 7, 2021, from strategic partners Intermountain Healthcare, Ascension Ventures, and Echo Health Ventures, bringing the total to over $50M. Earlier sources mention a $45 million Series A in May 2021, with extensions finalizing around early July. Investors in the broader Series A included AlleyCorp and Max Ventures; NEA led a later $53M Series B in March 2025 with AlleyCorp, Max Ventures, Echo Health Ventures, and Intermountain Ventures. Vori Health has since expanded nationally across all 50 states, partnered with Fortune 200 companies, national health plans like Blue Cross Blue Shield of Massachusetts, and others including TeleMed2U, Allstate Benefits, Contigo Health, and Firefly Health, demonstrating strong traction in the competitive digital MSK space alongside players like Hinge Health.
Jul 2020Seed-$4M-

Who has invested in Vori Health?

7 investors have backed Vori Health across its funding rounds, including New Enterprise Associates, AlleyCorp, Max Ventures, Echo Health Ventures, Ascension Ventures and Intermountain Ventures.

Lead investors include New Enterprise Associates.


Vori Health Investors

Investors in Vori Health by funding rounds participated
InvestorHQRoundsRoleFirst check
Max VenturesUnited StatesNew York City, NY3ParticipantMay 2021
New Enterprise AssociatesUnited StatesSan Francisco, CA3LeadMay 2021
AlleyCorpUnited StatesNew York City, NY3ParticipantMay 2021
Echo Health VenturesUnited StatesSeattle, WA2ParticipantJul 2021
Intermountain HealthcareUnited StatesSalt Lake City, UT1ParticipantJul 2021

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Vori Health Competitors

Vori Health competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like Doctolib, Cityblock Health, Grow Therapy and eMed.

Public and private companies comparable to Vori Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DoctolibFranceParisPrivate$400M-$6.4B16.0x
Cityblock HealthUnited StatesNew York City, NYPrivate--$5.7B-
Grow TherapyUnited StatesNew York City, NYPrivate$1B-$3B-
eMedUnited StatesMiami, FLPrivate--$2B-
Guiyang LongmasterChinaChinaPublicly listed$44M$5M$482M-
Medley Inc.JapanJapanPublicly listed$236M$32M$459M1.8x

Vori Health Public Comps

Vori Health is still privately-owned, but its public comps include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, ICON plc, Pro Medicus, United Imaging, Max Healthcare Institute and Oscar Health.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Veeva$3.2B$965M11.1x10.2x36.9x22.4x
IDEXX Laboratories$4.3B$1.5B9.5x8.9x27.1x24.9x
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
GE HealthCare$21B$3.7B1.8x1.8x10.1x10.0x
ICON plc$8.3B$816M1.9x1.9x19.2x11.3x
Pro Medicus$186M$147M66.6x62.7x84.4x77.6x
United Imaging$2.1B$367M5.5x4.8x30.7x26.9x

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Common questions about Vori Health

When was Vori Health founded?Vori Health was founded in 2020.
Where is Vori Health headquartered?Vori Health is headquartered in Nashville, TN, United States.
Is Vori Health publicly listed?No, Vori Health is a private, VC-backed company.
How much funding has Vori Health raised?Vori Health has raised $109M across 4 funding rounds.
What was Vori Health's last funding round?Vori Health's last funding round was a $53M Series B in March 2025, led by New Enterprise Associates.
Who are Vori Health's investors?Vori Health's investors include Max Ventures, New Enterprise Associates, AlleyCorp, Echo Health Ventures, Intermountain Healthcare, Ascension Ventures and Intermountain Ventures.
Which companies are comparable to Vori Health?Companies comparable to Vori Health include Doctolib, Cityblock Health, Grow Therapy, eMed, Guiyang Longmaster and Medley Inc..

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