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About Vitable Health
Industries
Social Impact
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$24.1M
Headquarters
Philadelphia, Pennsylvania
Founded
2020
Overview
Vitable Health offers a direct primary care health plan that improves access to quality healthcare for uninsured and underinsured Americans through virtual and in-home visits, eliminating copays and deductibles. The company operates on a monthly membership fee that covers all services, including free prescriptions, making healthcare more affordable for employees while helping employers manage costs. Vitable Health differentiates itself by providing a streamlined healthcare experience that encourages higher utilization rates and has led to high satisfaction among its members. The goal is to transform healthcare delivery, ensuring that more people can access the care they need.
Simplify's Take
What believers are saying
- Vitable Health raised $16M to expand into 40 states, increasing its market reach.
- The growing demand for telehealth services aligns with Vitable's virtual care offerings.
- Employers seeking comprehensive health benefits can drive Vitable's membership growth.
What critics are saying
- Expansion into 40 states may strain operational capabilities and affect service quality.
- Rising healthcare costs could challenge Vitable's no out-of-pocket cost model.
- Increased competition from other direct primary care providers may threaten market share.
What makes Vitable Health unique
- Vitable Health offers a unique direct primary care model with no out-of-pocket costs.
- The company provides virtual and in-home visits, enhancing accessibility for members.
- Vitable's partnership with Mishe Health expands access to specialty care at discounted rates.
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Funding
Total Funding
$24.1M
Above
Industry Average
Funded Over
2 Rounds
First Round Capital
Y Combinator
SoftBankIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Home Office Stipend
Remote Work Options
Company Equity
Mentorship Program
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↓ -4%2 year growth
↓ -5%Vitable, a direct primary care company, raised $16M in a Series A round, bringing total funding to over $25M. Key investors include Cherryrock Capital and Y Combinator. Vitable aims to expand from nine markets to over 40 states, offering services like free prescriptions and mental health programs. Targeting hourly workers earning less than $15/hour, Vitable currently covers over 50,000 lives, providing affordable healthcare to those who earn too much for Medicaid but can't afford traditional insurance.
Vitable, an enhanced Direct Primary Care company working with SMB employers to deliver affordable and high-quality healthcare to hourly workers, announced it has raised a $16 million Series A funding round led by Cherryrock Capital with participation from Citi Impact Fund, First Round Capital, newark venture partners (nvp), Commerce Ventures, and Y Combinator.
Philadelphia-based Vitable Health, a Kenyan-founded startup that runs a primary healthcare program for uninsured and under-insured Americans, has closed a $16 million Series A funding round led by San Francisco-based Cherryrock Capital.
Vitable, a Delaware County direct primary care provider, raised $16M in Series A funding led by Cherryrock Capital. Other investors include Newark Venture Partners, Citi Impact Fund, First Round Capital, Commerce Ventures, and Y Combinator. Founded in 2020 by Joseph Kitonga, Vitable plans to expand to Texas and Ohio this summer and aims to be in 40 states within three years. The company currently covers over 50,000 individuals across several states, including Pennsylvania and Florida.
Vitable secures $16M to provide primary care to small employers.
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About Vitable Health
Industries
Social Impact
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$24.1M
Headquarters
Philadelphia, Pennsylvania
Founded
2020
Vitable Health is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today