STAT+: Cityblock Health raises another mega-round of funding, tipping its valuation over $5 billion

Cityblock Health, a startup using technology to deliver well-rounded primary care to people covered by Medicaid, has raised $400 million in a late-stage funding round that brings the company’s valuation to $5.7 billion, sources familiar with the matter told STAT.

The latest mega-round, led by SoftBank, comes just four months after Cityblock’s last fundraise of $192 million and further elevates the profile of a young startup building a high profile, even as its mission points it firmly away from the direction of most companies in the sector.

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STAT+: Cityblock Health raises another mega-round of funding, tipping its valuation over $5 billion

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