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Rightway Raises $100M At $1.1B Valuation To Continue Redefining The Member Experience Through Better Care Navigation And A New-To-The-World Pbm

Mar 30, 2021•over 4 years ago

Amount Raised

$100 Million

Description

Rightway, a leading healthcare technology and services company revolutionizing care navigation and pharmacy benefits, today announced that it has raised $100 million in Series C financing at a valuation of $1.1 billion. The round was led by Khosla Ventures, with participation from Thrive Capital, Tiger Global Management, and other existing investors.

Company Information

Company

Rightway

About

Rightway is a technology and services company on a mission to simplify the healthcare experience. Its care navigation and pharmacy benefits solutions are delivered through a consumer-centric app that pairs every member with a live, clinician-led care team. By combining expert, human guidance with intuitive technology, Rightway drives members towards the best care and medication at the best price while eliminating wasteful and preventable spend. Advanced claims analytics enable Rightway's health guides to proactively engage high-risk members and close care gaps. Rightway currently partners with over 850 employer clients, delivers an ROI of 5X its cost, and provides a level of service that has earned it a net promoter score of 84. For more information, please visit www.Rightwayhealthcare.com.

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech