Stitch PEO offers a healthcare-focused PEO that centralizes recruiting, hiring, onboarding, payroll, benefits, and compliance for independent medical practices. The company was incubated/built at Redesign Health and positions itself as a Gusto-like solution tailored to clinical groups. Stitch operates on a monthly subscription model intended to lower barriers for smaller practices versus percentage-of-payroll PEO pricing. It has integrated its PEO into several practices across the Midwest and aims to grow its addressable market to 30,000 beneficiaries by 2030. The startup has publicized a seed fundraise (reported as $8.75M in the company press release and referenced as $9M in media coverage) to support scaling and customer acquisition. Founder/CEO Rajesh Voddiraju has been publicly active discussing the company’s mission and market fit.

Total raised

$9M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2024