Ruth Health

Ruth Health

Equitable tech-enabled healthcare for Moms nationwide

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Security Type
CAFES
Categories
Technology, Healthcare & Medical
Min Investment
$100
Location
Los Angeles, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.24M
No. Investors
35
Security Price
$1
Website
ruthhealth.com
Number of Employees
11
Cash
$2,729,009
Revenue
$1,942
Short Term Debt
$10,527
Cost of Goods
$0
Long Term Debt
$3,037,008
Net Income
$-313,051

Key Deal Facts

Join top investors—$3.1M in funding from Giant VC, YC, Techstars, UnitedHealthcare, Crista Galli
9 out of 10 patients would recommend—94 NPS score (Apple's: 51, Airbnb's: 74)
Fast-growing traction: revenue up 60% in Sept 2022, nearly 200 patients to date
Major B2B contract secured with a subsidiary of the largest insurance company in U.S.—go live: 2023
70% patient retention rate (industry standard=52%)
Ask A Doula membership expands access to doulas via text, promoting health equity
Repeat founders with one exit in 2019 to Reliance Jio (India's largest telecom)
TikTok community with 1M+ views, 10% engagement + converting

Management Team / Advisory Board Bios

Alison Greenberg Co-Founder + CEO3x Founder | YCombinator alumna | Yale B.A. | Worked for Genentech, Pfizer, CVS Health, Audrey Wu Co-Founder + COO3x Founder | YC alumna | UCLA B.A. | 2019 exit to Reliance Jio | Former Co-Founder + CEO at Convrg (acquired 2019), Dr. Vivian Greenberg Chief Medical Officer40-year OBGYN | Built + Sold private practice in Philly area | MD MPH | Alison's mother!, Amit Gupta CTO2x Founder + 2x exits | 2019 exit to Reliance Jio |
Forbes Technology Council Member, Stacie Velehradsky VP of ProductTechstars alumna | Strategic product leader with 12+ years of experience | Previously led product at Aavia and DaVita Kidney Care, Kimberly McFerron Head of BirthworkCertified Doula | Certified Corrective Exercise Specialist + Perinatal Fitness Expert |
Amount Raised : $63,401
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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