How Much Did Cityblock Raise? Headquarters, Funding & Key Investors

Cityblock has raised a total of $900 million across multiple funding rounds, achieving a $5.7 billion valuation as of September 2021. The company’s major investors include SoftBank Group, Tiger Global Management, General Catalyst, and Wellington. Its most recent funding round was a Series D, where it raised $374 million to expand its tech-driven healthcare model. Focused on improving care for low-income urban residents, Cityblock leverages data and community-based partnerships to deliver personalized, holistic care through its network of tech-enabled clinics.

How Much Did Cityblock Raise? Funding & Key Investors

Cityblock operates a chain of tech-powered clinics that offer personalized healthcare solutions for underserved communities. By combining medical, behavioral, and social care, Cityblock revolutionizes the delivery of healthcare to urban populations. Its model integrates advanced healthcare technology with local partnerships, ensuring access to primary care, mental health support, and community resources.

What Is Cityblock and What Does It Do?

Cityblock, founded in 2017 by Toyin Ajayi, Bay Gross, and Mat Balez, is a Brooklyn-based (United States) healthcare technology company. It provides a network of tech-heavy clinics designed to offer personalized medical, behavioral, and community support services to low-income urban residents.

Cityblock employs between 400-500 people. The company partners with community-based organizations, health plans, and risk-bearing providers to deliver comprehensive care that integrates technology with human touch.

Its mission is to close the gap in healthcare accessibility by reimagining care for underserved populations through technology and community connection.

How Much Funding Has Cityblock Raised?

Series D

Amount Raised: $374 Million
Date: September 2021
Lead Investors: SoftBank Group
Motivation: To expand its care model and strengthen healthcare accessibility for underserved communities.

Series C (Round 2)

Amount Raised: $192 Million
Date: March 2021
Lead Investors: Tiger Global Management, General Catalyst, Maverick Ventures, Thrive Capital, Redpoint Ventures, Wellington, Kinnevik, Echo Health Ventures, 8VC
Motivation: To scale Cityblock’s platform and enhance technology-driven healthcare capabilities.

3, Series C (Round 1)

Amount Raised: $160 Million
Date: December 2020
Lead Investors: General Catalyst, Wellington, Kinnevik, Maverick Ventures, Thrive Capital, 8VC, Echo Health Ventures, Redpoint Ventures, EmblemHealth, Goldman Sachs
Motivation: To develop tech infrastructure and expand clinical operations in urban areas.

Total Funding Raised: $900 Million

Current Valuation: $5.7 Billion (as of September 2021)

Latest Funding Date: September 2021

Key Investors

SoftBank Group

Details: A global investment powerhouse known for backing disruptive technology ventures.
Investment Focus Areas: Technology, healthcare, mobility, and AI-driven companies.
Notable Investments: WeWork, Grab, and DoorDash.

Tiger Global Management

Details: A New York-based investment firm focusing on private and public technology companies.
Investment Focus Areas: Healthcare tech, fintech, and consumer internet.
Notable Investments: Stripe, Flipkart, and Coinbase.

General Catalyst

Details: A venture capital firm supporting startups that drive systemic healthcare and tech innovation.
Investment Focus Areas: Healthcare, SaaS, and climate tech.
Notable Investments: Livongo, Airbnb, and Stripe.

Where Is Cityblock’s Headquarters?

Cityblock’s headquarters is located in Brooklyn, New York, United States, a prime location that fosters innovation in healthcare and technology. Being in Brooklyn allows Cityblock to collaborate closely with local healthcare providers and community organizations, enhancing its ability to deliver personalized, tech-enabled healthcare to underserved populations.

What’s Next for Cityblock?

Cityblock aims to expand its integrated care model across more U.S. cities, focusing on communities facing healthcare inequality. The company continues to enhance its data-driven platform, strengthen partnerships with health plans, and hire medical professionals to serve its growing patient base. With substantial funding and a clear mission, Cityblock is positioned to redefine equitable healthcare delivery through technology, empathy, and innovation.

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