# Ride RoundTrip

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ride-roundtrip

- Industry: Healthcare IT
- Headquarters: Philadelphia, US
- Website: www.rideroundtrip.com
- Total disclosed funding: $11M
- Latest round: Series A (Jul 22, 2020)
- Investors on record: 9

## About

Ride RoundTrip, Inc. is a provider of patient transportation software that enhances logistics for healthcare systems and health plans, integrating various transportation methods to improve patient access to medical services.Founded in 2016 in Philadelphia, US, Ride RoundTrip, Inc. specializes in software solutions for patient transportation. The company raised USD 4.000 mn in Series A funding on July 22, 2020, led by Motley Fool Ventures and participated by Ben Franklin Technology Partners and others. Mark He/Him serves as the CEO, bringing his experience in healthcare technology to the forefront of the company’s operations.Roundtrip specializes in patient transportation software designed to streamline the logistics of rides for healthcare systems and health plans. The company's primary product integrates various transportation modalities, including rideshare options (Lyft/Uber), medical sedans, wheelchair vans, stretcher vans, and ALS/BLS vehicles, into a single workflow. This comprehensive solution aims to reduce patient no-show rates—reported to be below 4%—which significantly contrasts with industry averages exceeding 20%. Roundtrip's services cater to healthcare providers, care coordinators, and patients, focusing on enhancing access to care and ensuring patients can attend their medical appointments. The company operates primarily in the United States, serving a wide range of healthcare organizations that prioritize patient adherence to treatment plans and recovery processes.Roundtrip's revenue model is anchored in a B2B structure, primarily engaging with healthcare systems, health plans, and transportation companies through subscription and partnership agreements. These transactions typically involve clients subscribing to the software platform to facilitate patient transport logistics, enabling care coordinators to efficiently manage scheduling and coordination of rides. The service is designed to optimize resource allocation and improve patient outcomes by providing a seamless booking experience. While specific pricing plans are not detailed, the revenue is generated through the utilization of the software, reflecting the value it brings to healthcare providers in reducing operational burdens and enhancing patient engagement. This combination of flagship services and partnerships underpins the company's financial model, emphasizing the efficacy of its transportation solutions within the healthcare landscape.In July 2020, Ride RoundTrip, Inc. raised USD 4.000 mn in Series A funding to support its growth initiatives. The company plans to expand its presence across the United States, further develop its technology, and grow its community. The funding will facilitate the design and launch of new products aimed at enhancing service delivery in patient transportation.

## Funding rounds

- Series A, Jul 22, 2020, $4M — Ben Franklin Technology Partners, Johns Hopkins University, Motley Fool Ventures, MEDA Angels, UH Ventures, ZOLL Medical Corporation, Grays Ferry Capital
- Series A, May 1, 2019, $5.1M — Ben Franklin Technology Partners, Johns Hopkins University, Motley Fool Ventures
- Seed, Mar 29, 2018, $1.9M — Abell Foundation, Ben Franklin Technology Partners, Brown Advisory, Johns Hopkins University

## Investors

- Abell Foundation — Seed
- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Seed, Series A
- Brown Advisory — Seed
- Johns Hopkins University — Seed, Series A
- Motley Fool Ventures (https://capitalatlas.ai/funds/motley-fool-ventures) — Series A
- MEDA Angels (https://capitalatlas.ai/funds/meda-angels) — Series A
- UH Ventures — Series A
- ZOLL Medical Corporation — Series A
- Grays Ferry Capital — Series A