What is Ro?
Ro operates as a comprehensive telehealth platform, connecting patients with US-licensed healthcare professionals for a variety of conditions. The company specializes in treatments for weight loss, sexual health, hair loss, fertility, and skin improvement, offering a range of FDA-approved medications and supplements. Ro's innovative approach focuses on providing convenient, affordable, and accessible healthcare solutions, enabling individuals to manage their health and wellness goals from home. With a substantial and growing membership base, Ro has established itself as a trusted provider in the personal health and wellness industry, leveraging technology to streamline patient care and outcomes.
How much funding has Ro raised?
Ro has raised a total of $1B across 6 funding rounds:
Angel/Seed
$3.1M
Series A
$88M
Series B
$85M
Series C
$200M
Series D
$500M
Unspecified
$150M
Angel/Seed (2017): $3.1M with participation from Slow Ventures, Box Group, Initialized Capital, and General Catalyst
Series A (2018): $88M led by Torch Capital, BoxGroup, Tusk Ventures, Sinai Ventures, FirstMark Capital, Initialized Capital, General Catalyst, Slow Ventures, and SignalFire
Series B (2019): $85M supported by Initialized Capital, General Catalyst, Slow Ventures, FirstMark Capital, and Box Group
Series C (2020): $200M featuring TQ Ventures, 3L, General Catalyst, The Chernin Group, Torch, BoxGroup, Initialized Capital, FirstMark Capital, and SignalFire
Series D (2021): $500M backed by Altimeter Capital, Dragoneer Investment Group, Torch Capital, BoxGroup, ShawSpring Partners, The Baupost Group, SignalFire, TQ Ventures, FirstMark Capital, Radcliff, General Catalyst, and 776
Unspecified (2022): $150M with participation from FirstMark Capital, ShawSpring Partners, and General Catalyst
Key Investors in Ro
General Catalyst
General Catalyst is a venture capital firm that supports transformational business opportunities across various sectors and stages, partnering with entrepreneurs to accelerate growth and build enduring enterprises through deep sector expertise and operational experience.
BoxGroup
BoxGroup is an early-stage investment fund focused on technology companies, supporting ventures from developer tools to marketplaces and frontier tech, with a commitment to investing in visionary projects at their inception.
Initialized Capital
Initialized Capital is a venture capital firm dedicated to supporting seed-stage founders across diverse sectors including SaaS, sustainability, health, and AI, providing essential tools and guidance for long-term success.
What's next for Ro?
The substantial enterprise-level funding and recent strategic investment indicate Ro is poised for aggressive scaling and further innovation within the telehealth landscape. This capital infusion is expected to fuel the expansion of its service offerings, enhance its technological infrastructure, and potentially broaden its geographic reach. Ro's strategic focus on chronic condition management and preventative care, coupled with its commitment to patient-centric solutions, positions it for sustained growth and market leadership. The company's trajectory suggests a continued emphasis on integrating advanced digital health tools to improve patient access and outcomes, solidifying its role as a key player in the evolving healthcare ecosystem.
See full Ro company page
