Roundtrip Raised a ‘Strategic Investment’ Round to Drive Expansion (and Hiring) Plans

On Thursday, on-demand patient ride booking company Roundtrip said it had raised a “strategic investment” round of fundraising from a mix of existing and new investors.

The Callowhill-based company makes software that connects ride requests to a group of transportation companies. It’s aimed at transporting patients to non-emergent healthcare appointments via the likes of medical cars, wheelchair vans, stretcher vehicles and ambulances.

CEO Mark Switaj told the company is keeping the size of the raise confidential, for now. It previously raised $10.5 million, including a $5.1 million Series A in 2019, and a $4 million strategic capital raise last year.

This round was led by existing investor Motley Fool Ventures, the company said, with additional follow-on from ZOLL Medical Corporation, Grays Ferry Capital and University Hospitals Ventures. New investors Early Light Ventures, Gaingels & Sapien Capital, the Global Opportunity Philadelphia Fund (GO Philly Fund), Provco Ventures, HCN Ventures and Nightingale Partners LLC also participated.

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