Ribbon Health Raises $43.5M in Series B

Ribbon Health, a New York-based API data platform for the healthcare industry, raised $43.5M in Series B funding.

The round was led by General Catalyst and with participation from Andreessen Horowitz (a16z), BoxGroup, Rock Health and Sachin Jain. As part of the round, Holly Maloney, managing director at General Catalyst who is focused on investing in later-stage healthcare companies, will join Ribbon’s Board of Directors.

The company, which has raised a total of $55m to date, intends to use the funds for team expansion and technology investments to build a data platform to simplify healthcare decisions across the industry.

Co-founded by Nate Fox and Nate Maslak, Ribbon Health provides an API data platform that delivers comprehensive data across providers, insurance, conditions, and procedures treated, as well as cost and quality metrics. Built to integrate into existing healthcare workflows, the solution is used by health plans, providers, and digital health solutions to develop and maintain accurate provider directories and competitive networks, simplify referral management, and ensure efficient care navigation — all in one platform. Notable organizations such as Oak Street Health, Decent, PacificSource, and Firefly Health are currently partnering with Ribbon.