Ride Health, a non-emergency medical transportation (NEMT) coordination platform, has raised $10 million in a funding round led by Topmark Partners.

The round included an equity investment from Excelerate Health Ventures and debt financing from Bridge Bank. Existing investors Activate Venture Partners and Newark Venture Partners also participated in the raise.

This funding round follows the company’s $6.2 million seed round from last year.

WHAT IT DOES

The Ride Health platform manages end-to-end NEMT, from automated ride-scheduling to passenger performance-ratings.

It incorporates transportation options ranging from public transit to ambulances, to wheelchair-accessible ride shares and handles the mapping, preference logging and coordination necessary to provide timely transportation services. In addition, the platform logs feedback and other service-specific data for customers to monitor the network’s performance.

The company currently operates in 41 states and has a network of more than 35,000 NEMT providers.

WHAT IT’S FOR

Ride Health plans to put the new proceeds into company growth, specifically through expanding its national network and by investing in its benefits management system and platform APIs.

"The dispersion of care toward home and community-based settings has accelerated over the past year, with seamless mobility for patients and staff emerging as key infrastructure," Imran Cronk, CEO and founder of Ride Health, said in a statement.

"Our patient-centered and agile approach has positioned Ride Health to lead in this future. We are excited to have the support of our partners and investors in accelerating our mission to ensure every patient has access to care and social resources."

MARKET SNAPSHOT

Other startups with NEMT services include DocGo, which is in the process of going public through a SPAC merger with Motion Acquisition Corp., DispatchHealth, which closed a $200 million Series D financing round earlier this year, and Roundtrip, which scored $4 million in funding last year. 

The rides-haring app Lyft recently expanded its medical transportation services with the launch of Lyft Pass for Healthcare, a tool that lets patients plan their own rides to providers.