Ro
Ro Raises $150M in Series D
Ro Raises $150M in Series D
Ro has successfully raised $150M in a Series D at a $7B valuation led by General Catalyst, Torch Capital, Initialized Capital, SignalFire, Slow Ventures.
Company Overview
Ro is a HealthTech company headquartered in 30 West 21st Street, New York, NY 10010, founded in 2017 with 600+ employees.
Direct-to-patient telehealth
Fundraising Details
- Amount Raised: $150M
- Round Type: Series D
- Valuation: $7B
- Date: 2024-03-22
- Investors: General Catalyst, Torch Capital, Initialized Capital, SignalFire, Slow Ventures
About Ro
Direct-to-patient telehealth The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 30 West 21st Street, New York, NY 10010
- Founded: 2017
- Team Size: 600+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Ro's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Ro's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $7B valuation marks an important milestone for Ro, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Ro is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-03-22. For more information about Ro, visit their headquarters at 30 West 21st Street, New York, NY 10010.
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