Rightway joined the Unicorn Club on March 30, 2021, after raising a $100 million Series C funding round led by Khosla Ventures, which valued the company at $1.1 billion. Headquartered in New York City, New York, United States, Rightway provides a cloud-based employee health benefits platform that offers care navigation, expert-led guidance, health risk assessment, and pharmacy benefit management. The company also delivers telehealth and pharmacy services to support employee health and wellness.
Keep reading to see how Rightway became a leading platform in enterprise employee health and benefits management.
What Is Rightway and What Does It Do?
Founded in 2017, Rightway helps enterprises improve employee health outcomes by offering personalized benefits recommendations and care navigation solutions. The platform provides guidance from health experts, telehealth access, and pharmacy management, allowing employees to make informed decisions about their care.
Rightway combines data-driven insights with human expertise to optimize benefits utilization and employee wellness programs.
How Much Funding Has Rightway Raised?
1. Series C Round
- Amount Raised: $100 million
- Date: March 30, 2021
- Valuation: $1.1 billion
- Lead Investor: Khosla Ventures
- Purpose: Scale platform, expand care navigation and telehealth services
2. Latest Funding Round
- Round Type: Series D
- Amount Raised: $109 million
- Date: March 25, 2024
- Purpose: Enhance employee health technology and expand the enterprise client base
3. Earlier Rounds (Seed to Series B)
- Total Funding Before Series C: ~$30 million
- Key Investors: Thrive Capital, Tiger Global Management
- Purpose: Product development, technology infrastructure, and market expansion
Total Funding Raised: ~$239 million
Latest Funding Date: March 25, 2024
Latest Known Valuation: ~$1.1 billion
Employee Count: 194 (as of December 31, 2021)
Key Investors
1. Thrive Capital
- Details: Venture capital firm investing in early and growth-stage technology companies.
- Focus Areas: HRTech, digital health, and enterprise software.
2. Tiger Global Management
- Details: Global investment firm backing technology-driven businesses.
- Focus Areas: Employee wellness platforms, cloud-based enterprise solutions, and HR technology (HRTech).
Where Is Rightway’s Headquarters?
Rightway is headquartered in New York City, New York, United States, where its teams focus on employee health benefits technology, care navigation services, telehealth, and pharmacy management solutions.
What’s Next for Rightway?
Rightway plans to expand its AI-driven benefits recommendations, integrate additional telehealth and pharmacy solutions, and grow its enterprise client base. The company aims to enhance employee health outcomes and make benefits navigation seamless for businesses worldwide.
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