Roundtrip Hauls in a $4M Strategic Capital Raise
Roundtrip, the leading digital transportation marketplace for better health outcomes, announced the completion of a $4 million capital raise earlier this morning bringing its total amount of financing to $10.5 million.
Motley Fool Ventures and ZOLL® Medical Corporation each participated, with Motley Fool Ventures as lead. UH Ventures, the innovation and commercialization division of University Hospitals health system in Cleveland, and Grays Ferry Capital also joined the ranks of the company’s existing list of investors, including Johns Hopkins University and Ben Franklin Technology Partners.
The capital raise will allow Roundtrip to geographically scale and specialize its sales, implementation and account management model, expand its health plan portfolio and technology integration capabilities, and grow the Roundtrip Community — a customized online marketplace that streamlines medical transportation providers to rides requested by health systems and health plans, meeting an entire population’s transportation needs. Ultimately, the strategic raise will enable Roundtrip to expand its “category of one” position as the most experienced and comprehensive solution for non-emergency medical transportation in the United States.
Founded in 2016, Roundtrip has built impactful partnerships in over 40 states, and is currently used across the healthcare landscape. Since its Series A, the company has expanded its client base with health systems like Lifespan Health and the National Institutes of Health, while also adding to its portfolio of Medicare Advantage and other plans, with Community Health Plan of Washington and Contra Costa Health Plan.
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