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Health Tech Solution Developer Cityblock Secures USD65 Million To Support Social Determinants of Health In Underserved Communities

Healthcare News

Health_Tech-Solution-Developer-Cityblock-Secures-USD65-Million-To-Support-Social-Determinants-of-Health-In-Underserved-Communities Health Tech Solution Developer Cityblock Secures USD65 Million To Support Social Determinants of Health In Underserved CommunitiesCityblock, a Brooklyn, NY-based healthcare technology solutions developer, has secured USD65 million in Series B funding round to address Social Determinants of Health in Underserved Communities. The funding round was led by Redpoint Ventures, along with new investors 8VC, Echo Health Ventures and StartUp Health and existing investors Sidewalk Labs, Maverick Ventures, Thrive Capital, Town Hall Ventures and EmblemHealth. According to the announcement, the company plans to utilize the fresh capital to expand its team, its footprint to new markets and its product capabilities.

Founded in the year 2017, Cityblock teamed up with local community-based organizations to support its members to get access to primary care, behavioral health care, and social services. Its care delivery platform, named Commons, enables the team of care providers to collaboratively care each member with built-in SMS and video-visits which allow easy communication with members. In a statement, Cityblock Co-Founder Iyah Romm stated that we launched Cityblock a year and a half ago with the aim of building the first tech-driven provider for communities with complex needs. Today we bring radically better care to neighborhoods where the healthcare system has let people down, delivering care for medical and behavioral health needs and the social challenges people face day-to-day.

The company said that it will use this funding to expand its team, as well as its footprint by going into new markets. Additionally, it plans to build out new products and add new services. Since the launch of Cityblock, it has partnered with non-profit health insurer EmblemHealth and opened a joint Hub at EmblemHealth’s Crown Heights in Brooklyn, New York. Recently, it collaborated with ConnectiCare, a Connecticut-based health insurance company, as well as the company plans to work with Blue Cross and Blue Shield.