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Venture Capital
FINANCE | Investment Firms & Funds
rockhealth.com

Investments

116

Portfolio Exits

23

Funds

2

Partners & Customers

7

About Rock Health

Rock Health is a venture capital (VC) fund supporting entrepreneurs at the intersection of healthcare and technology. It provides entrepreneurs with funding, strategic and operational support, co-working space, and access to a network of partners, academic medical centers, and clinicians. The company was founded in 2010 and is based in San Francisco, California.

Headquarters Location

301 Howard Street Suite #950

San Francisco, California, 94105,

United States

1-415-869-8585

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Expert Collections containing Rock Health

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Rock Health in 1 Expert Collection, including Conference Exhibitors.

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Conference Exhibitors

5,501 items

HLTH is a healthcare event bringing together startups and large companies from pharma, health insurance, business intelligence, and more to discuss the shifting landscape of healthcare

Latest Rock Health News

DarioHealth acquires fellow digital health firm Twill

Feb 22, 2024

The deal, which Dario says will boost revenue and speed profitability, comes as the digital health sector could see increased M&A activity this year. Published Feb. 22, 2024 This audio is auto-generated. Please let us know if you have feedback . Dive Brief: DarioHealth, which makes digital health products for chronic conditions, has acquired mental health app maker Twill for $10 million in cash and about 10 million shares of common stock, the company announced Wednesday. The deal will boost Dario’s revenue and accelerate its path to profitability, executives said in a press release. The purchase comes as digital health industry watchers have said merger and acquisition activity could pick up in the sector this year as venture funding declines and customers grow tired of managing a host of vendors . Dive Insight: More than $29 billion flowed into digital health startups in the wake of the COVID-19 pandemic in 2021, and a number of companies exited to the public markets, according to venture capital fund and consultancy Rock Health. But investment faltered last year — marking the lowest funding level seen in the sector since 2019 — and no digital health companies went public. Consolidation may be the next step for startups that are unable to raise more capital in a pared-down funding environment, experts say. Acquirers might also see opportunities to add to their product portfolios with cheaper assets, according to Rock Health. Teladoc Health, which is undergoing its own operational review to cut expenses, told analysts on an earnings call this week the telehealth vendor would allocate funds toward M&A  to add to its line-up of services. Plus, consolidation could be welcomed by buyers of digital health products, like health plans and employers, who are overwhelmed by a glut of tools that manage a limited number of health conditions, experts told Healthcare Dive last year. That’s one factor behind the Twill deal, Rick Anderson, president of Dario, said in a statement. The combined offering could allow the company to improve health outcomes across broader populations, and connect users with the right tools as they need them. “The market is demanding more conditions from less vendors to reduce point solution fatigue and the high cost of managing multiple vendors,” Anderson said. The purchase is also expected to nearly double Dario’s pro forma revenue for 2023, the company said in a press release. Dario brought in $16.74 million in revenue for the nine months ended Sept. 30, a nearly 20% decrease from the prior-year period. The firm reported a net loss of $45.1 million during the nine months, compared with $49.6 million in 2022. Alongside the Twill buy, Dario announced it had raised $22.4 million in a private stock placement. Recommended Reading

Rock Health Investments

116 Investments

Rock Health has made 116 investments. Their latest investment was in Rosarium Health as part of their Pre-Seed on June 14, 2023.

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Rock Health Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/14/2023

Pre-Seed

Rosarium Health

$1.7M

Yes

5

4/1/2023

Seed VC - II

Synapticure

Yes

11/9/2022

Seed VC

WellTheory

$7.2M

Yes

Accel, BoxGroup, Coalition Operators, Lux Capital, and Undisclosed Angel Investors

5

7/1/2022

Seed VC - II

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0

11/16/2021

Series B

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$99M

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10

Date

6/14/2023

4/1/2023

11/9/2022

7/1/2022

11/16/2021

Round

Pre-Seed

Seed VC - II

Seed VC

Seed VC - II

Series B

Company

Rosarium Health

Synapticure

WellTheory

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Amount

$1.7M

$7.2M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Accel, BoxGroup, Coalition Operators, Lux Capital, and Undisclosed Angel Investors

Sources

5

5

0

10

Rock Health Portfolio Exits

23 Portfolio Exits

Rock Health has 23 portfolio exits. Their latest portfolio exit was Sitka on November 14, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/14/2023

Merger

$99M

3

11/2/2021

Acquired

$99M

8

10/21/2021

Acquired

$99M

4

10/19/2021

Acquired

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$99M

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10

3/16/2021

Merger

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$99M

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10

Date

11/14/2023

11/2/2021

10/21/2021

10/19/2021

3/16/2021

Exit

Merger

Acquired

Acquired

Acquired

Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

8

4

10

10

Rock Health Fund History

2 Fund Histories

Rock Health has 2 funds, including Rock Health Seed Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/6/2015

Rock Health Seed Fund II

Early-Stage Venture Capital

Closed

$5.7M

2

Rock Health Seed Fund III

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10

Closing Date

4/6/2015

Fund

Rock Health Seed Fund II

Rock Health Seed Fund III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$5.7M

Sources

2

10

Rock Health Partners & Customers

7 Partners and customers

Rock Health has 7 strategic partners and customers. Rock Health recently partnered with Blue Shield of California on December 12, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

12/17/2018

Partner

United States

A Rock Health partnership snapshot: Blue Shield of California. How an eighty-year-old health plan is building the healthcare model of the future by working with Rock Health

Through its partnership with Rock Health , Blue Shield of California has showcased thought leadership , collaborated on research , and gained unparalleled insight into the frontlines of healthcare innovation .

1

6/18/2018

Partner

United States

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10

11/10/2015

Partner

United States

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10

9/30/2015

Partner

United States

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10

6/5/2013

Vendor

United States

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10

Date

12/17/2018

6/18/2018

11/10/2015

9/30/2015

6/5/2013

Type

Partner

Partner

Partner

Partner

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

A Rock Health partnership snapshot: Blue Shield of California. How an eighty-year-old health plan is building the healthcare model of the future by working with Rock Health

Through its partnership with Rock Health , Blue Shield of California has showcased thought leadership , collaborated on research , and gained unparalleled insight into the frontlines of healthcare innovation .

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Sources

1

10

10

10

10

Rock Health Team

5 Team Members

Rock Health has 5 team members, including , .

Name

Work History

Title

Status

Nate Gross

Founder

Current

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Name

Nate Gross

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Work History

Title

Founder

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Status

Current

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