Nymbl Science

Nymbl Science

Digital mobility solutions for fall prevention

About Nymbl Science

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

Industries

Consumer Software

Healthcare

Company Size

11-50

Company Stage

Late Stage VC

Total Funding

$21.3M

Headquarters

Denver, Colorado

Founded

2014

Overview

Nymbl Science provides digital mobility solutions designed to prevent falls and reduce related medical costs in the healthcare sector. Their platform assesses the risk levels of individuals who may be prone to falls and intervenes before any incidents occur. This proactive strategy not only helps in lowering medical expenses but also enhances STAR ratings and improves member retention for health plans. Nymbl Science operates on a subscription-based model, charging health plans a fee that is contingent on their ability to deliver promised cost savings of $3 per member per month (PMPM) and a 3:1 return on investment. This approach differentiates Nymbl Science from competitors by tying their revenue directly to the effectiveness of their services, ensuring that health plans see tangible benefits in both cost savings and health outcomes.

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Simplify's Take

What believers are saying

  • Nymbl closed a $12 million Series B funding round to expand its platform.
  • Integration with wearable technology could enhance user engagement and outcomes.
  • Growing demand for personalized healthcare apps boosts Nymbl's tailored balance training programs.

What critics are saying

  • Increased competition from digital health startups may threaten Nymbl's market share.
  • Rapid technological advancements require continuous app updates, straining resources.
  • Dependence on health insurer partnerships poses risks if strategies change.

What makes Nymbl Science unique

  • Nymbl Science offers a scientifically validated digital balance training program for fall prevention.
  • The company provides a subscription-based service with proven cost savings for health plans.
  • Nymbl's app is available in Spanish, expanding access to the Hispanic population.

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Funding

Total Funding

$21.3M

Below

Industry Average

Funded Over

4 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

↓ -4%

1 year growth

↓ -4%

2 year growth

↑ 4%
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
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…

My Prime Time News
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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