Nymbl Science

Nymbl Science

Fall prevention platform for healthcare plans

Overview

Nymbl Science offers a digital mobility-based fall prevention platform for health plans and their members. The system analyzes fall risk and intervenes before a fall occurs, delivered as a subscription service with fees at risk to back cost-saving claims. It guarantees about $3 per member per month in cost savings and a 3:1 ROI, while aiming to boost STAR ratings and member retention through better health outcomes. The company earns subscription revenue tied to demonstrated results and seeks to reduce fall-related medical costs and improve patient health.

Significant Headcount Growth

About Nymbl Science

Simplify's Rating
Why Nymbl Science is rated
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

11-50

Company Stage

Late Stage VC

Total Funding

$21.3M

Headquarters

Denver, Colorado

Founded

2014

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Simplify's Take

What believers are saying

  • $12M Series B in November 2022 funds expansion to one million covered lives.
  • 2022 UCSF Health Hub Rising Star award validates rapid growth trajectory.
  • Spanish app launch with DRCOG boosts access for Denver's Hispanic seniors.

What critics are saying

  • Blue Shield adds competing apps, diluting Nymbl's exclusivity in 6-12 months.
  • No funding since 2022 erodes runway amid expansion by April 2026.
  • Medicare audits reject 35% fall claims, triggering fee clawbacks immediately.

What makes Nymbl Science unique

  • Nymbl delivers smartphone-based dual-tasking balance training in 10 minutes daily.
  • Proactive fall risk assessment guarantees health plans $3 PMPM savings.
  • Subscription model ties fees at risk to proven 35% injurious fall reduction.

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Funding

Total Funding

$21.3M

Below

Industry Average

Funded Over

8 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

15%

1 year growth

15%

2 year growth

0%
LinkedIn
Jun 5th, 2024
David Prichard on LinkedIn: Another great Colorado Company has been added to the Denver Angels…

Another great Colorado Company has been added to the Denver Angels portfolio!

McKnight's Long-Term Care News
Apr 30th, 2024
Nymbl funding approaches $3 million

Denver startup Nymbl announced in late October that it had closed $1.55 million in a new round of funding, led by Rockies Venture Club. The company’s smartphone solution delivers personalized balance training to help reduce fall risks among seniors who live in care facilities or at home. Through the Nymbl Training app, users follow mental…

Mirth and Mire Ltd
Sep 17th, 2023
Nymbl ready to keep older adults mobile during Falls Prevention Week

To expand access to care for the greater Denver population, DRCOG and Nymbl are excited to announce that the Nymbl app is now available in Spanish to meet the needs of the region's massive Hispanic population.

Business Wire
Dec 12th, 2022
Denver-based Nymbl Science Wins Two National Awards Among Rapidly Growing Team and Strategy | Business Wire

On the heels of the announcement of its successful close to a Series B funding round, Nymbl Science was selected as a 2022 UCSF Health Hub Digital Health Rising Star in the Consumer Wellness category.

Business Wire
Nov 14th, 2022
Nymbl Science Announces $12 Million Series B Funding Round Led By Cobalt Ventures

DENVER--(BUSINESS WIRE)--As the nation's leader in scalable, digital fall prevention for older adults, Nymbl Science is pleased to announce the closing of a $12 million Series B funding round. Cobalt Ventures led the round, alongside co-lead Outcomes Collective Growth Capital, and with additional participation from 450 Ventures. The proceeds will enable the expansion and support of Nymbl’s rapidly growing balance improvement system, which now has close to one million covered lives among older adult populations through Medicare Advantage and single-payer insurance systems worldwide. “We are thrilled by the support of successful investors who see Nymbl as a breakthrough solution in the older adult digital health space. This investment will help us accelerate our growth as we continue to deliver population-level fall prevention solutions through leading health insurers, both in the U.S. and worldwide,” said Ed Likovich, chief executive officer of Nymbl. “The Cobalt investment gives us the ability to recruit top-notch talent and add two new product lines to our balance improvement platform that has already demonstrated a 35 percent reduction in injurious falls. We are also excited to have David Eichler, Managing Partner of Cobalt Ventures, along with Rohit Seth, Managing Partner of Outcomes Collective Growth Capital, join Nymbl’s Board of Directors. Their financial and strategic industry knowledge will be valuable as we continue to grow and expand our impact.”

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