What is Roundtrip?
Founded in 2016 and headquartered in Philadelphia, PA, Roundtrip operates as a digital transportation marketplace. Its core mission is to provide essential transportation services to patients who require assistance in reaching their medical appointments. By bridging the gap in healthcare access, Roundtrip aims to improve patient outcomes and reduce appointment no-shows, a persistent issue within the healthcare system. The company's platform facilitates seamless booking and management of rides, ensuring reliability and convenience for patients and healthcare providers alike.
How much funding has Roundtrip raised?
Roundtrip has raised a total of $11M across 3 funding rounds:
Angel/Seed
$1.9M
Series A
$5.1M
Unspecified
$4M
Angel/Seed (2018): $1.9M with participation from M-1 Ventures and Ben Franklin Technology Partners Companies
Series A (2019): $5.1M led by Motley Ventures, Ben Franklin Technology Partners of Southeastern Pennsylvania, and Johns Hopkins University
Unspecified (2020): $4M supported by ZOLL Medical Corp., Grays Ferry Capital, UH Ventures, and Motley Ventures
Key Investors in Roundtrip
Motley Ventures
Motley Fool Ventures is an early-stage venture capital fund that leverages The Motley Fool's brand and community to invest in innovative startups. The fund focuses on fostering inclusion and collaboration while supporting entrepreneurs and individual investors.
Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin Technology Partners of Southeastern Pennsylvania is a state-funded technology-based economic development program that provides seed funding and business support services to technology startups and established companies in the region.
Johns Hopkins University
Johns Hopkins University, a private research university, invests in promising ventures that align with its mission of advancing research and innovation, particularly in areas related to health and technology.
What's next for Roundtrip?
With its recent major enterprise-level funding, Roundtrip is poised for significant expansion and service enhancement. The capital infusion is expected to fuel advancements in its technology platform, broaden its geographic reach, and strengthen partnerships within the healthcare ecosystem. This strategic investment will likely enable Roundtrip to scale its operations more effectively, catering to a larger patient base and potentially exploring new service verticals within healthcare transportation. The company's trajectory suggests a focus on solidifying its market leadership and driving innovation in patient mobility solutions.
See full Roundtrip company page
