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

Ro has raised $1.03 billion across multiple funding rounds and is currently valued at $7 billion. The company operates a telehealth platform offering a range of digital health services, including treatments for sexual health, weight loss, hair loss, and skin care.

Keep reading to explore Ro’s fundraising journey, key investors, and what’s ahead for this innovative telehealth platform.

What Is Ro and What Does It Do?

Founded in October 2017 by Rachel Blank, Rob Schutz, Saman Rahmanian, and Zachariah Reitano, Ro is headquartered in New York, New York. The company operates digital health clinics for both men and women, integrating telehealth, diagnostics, and pharmacy services to provide comprehensive healthcare solutions.

Its core offerings include men’s health treatments, such as sexual health and hair loss, as well as women’s health services, including fertility and menopause care. Additionally, it offers Ro Pharmacy for prescription delivery and medication management, as well as personalized weight management and skin care programs. With 501–1,000 employees, Ro aims to make healthcare accessible and affordable without requiring insurance.

How Much Funding Has Ro Raised?

1. Seed Round
   • Amount Raised: $3.1M
   • Date: November 2017
   • Lead Investors: General Catalyst
   • Motivation: Launch the platform and begin offering telehealth services.
2. Series A
   • Amount Raised: $88M
   • Date: September 2018
   • Lead Investors: FirstMark Capital
   • Motivation: Expand service offerings and scale operations to drive growth.
3. Series B
   • Amount Raised: $85M
   • Date: April 2019
   • Lead Investors: FirstMark Capital
   • Motivation: Enhance platform functionality and increase market reach.
4. Convertible Note
   • Amount Raised: Not publicly disclosed
   • Date: May 2020
   • Motivation: Support ongoing operations and future growth.
5. Series C
   • Amount Raised: $200M
   • Date: July 2020
   • Lead Investors: General Catalyst
   • Motivation: Expand services and improve technology infrastructure.
6. Series D
   • Amount Raised: $500M
   • Date: March 2021
   • Lead Investors: FirstMark Capital, General Catalyst, TQ Ventures
   • Valuation at Round: $5B
   • Motivation: Scale operations and expand into new healthcare verticals.
7. Series D (Additional)
   • Amount Raised: Not publicly disclosed
   • Date: October 2021
   • Motivation: Continue scaling and enhancing services.
8. Venture Round
   • Amount Raised: $150M
   • Date: February 2022
   • Lead Investors: ShawSpring Partners
   • Valuation at Round: $7B
   • Motivation: Integrate services into a unified patient experience and advance B2B offerings.

Total Funding Raised: $1.03B

Latest Valuation (2022): $7B

Key Investors

1. General Catalyst
   • Details: General Catalyst invests in early- and growth-stage companies, with a strong focus on technology and healthcare.
   • Investment Focus Areas: Technology, healthcare, consumer.
   • Notable Investments: Airbnb, Stripe, Snap.
2. FirstMark Capital
   • Details: New York-based VC partnering with visionary entrepreneurs in technology and healthcare.
   • Investment Focus Areas: Technology, healthcare, consumer.
   • Notable Investments: Pinterest, Shopify, Riot Games.
3. ShawSpring Partners
   • Details: Investment firm focused on long-term bets in technology, consumer, and healthcare; led Ro’s $150M round.
   • Investment Focus Areas: Technology, consumer, healthcare.
4. TQ Ventures
   • Details: VC investing in consumer, technology, and healthcare sectors, known for strategic partnerships.
   • Investment Focus Areas: Consumer, technology, healthcare.
5. BoxGroup
   • Details: Early-stage fund based in NYC investing in technology startups across sectors.
   • Investment Focus Areas: Technology, consumer, healthcare.
   • Notable Investments: Warby Parker, Glossier, ClassPass.

Where Is Ro’s Headquarters?

Ro is headquartered in New York, New York, positioning it close to healthcare and telemedicine stakeholders, investors, and strategic partners in the healthcare industry.

What’s Next for Ro?

Ro is expanding its digital health services and unifying them under a single Ro-branded platform. The company plans to launch new digital clinics while broadening its offerings in fertility, mental health, and overall wellness. It also aims to enhance B2B services for employers and partners and continue scaling Ro Pharmacy alongside in-home care operations.

Key challenges include integrating these services seamlessly, maintaining high-quality care during rapid growth, and navigating complex regulatory requirements in the telehealth industry.

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