Participated · Equity · Dec 2023

Employer Direct Healthcare (EDH) is a specialty healthcare network solution provider serving self-funded employers and their members. Led by CEO John Zutter, EDH operates selective provider networks that facilitate access to care at fair prices nationwide. Its first product, SurgeryPlus®, provides full-service concierge and network services to millions of covered members across more than 1,000 employers. In 2022 the company launched Cancer Care Direct®, a comprehensive end-to-end oncology solution. Over the past 12 years EDH has facilitated more than 43,000 surgical journeys. The company raised a $92M investment at a $1 billion valuation in December 2023 and intends to use the funds to expand operations and its business reach. Founded in 2011, Employer Direct Healthcare operates SurgeryPlus®, a full-service surgical concierge and high-performance surgical network. SurgeryPlus provides access to top-quality, fairly priced care through hundreds of facilities and thousands of surgeons nationwide. The company's solution is offered to approximately two million plan members and targets self-funded employers seeking cost-efficient surgical care. EDH plans to scale its product offerings and expand its provider network to deliver cost-efficient healthcare to more employers across the U.S. The company announced a significant growth investment from Serent Capital to support that scaling and to expand its go-to-market capabilities. Serent said it will provide growth and human-capital resources and healthcare experience to help EDH grow. EmployerDirect Healthcare offers SurgeryPlus, a supplemental solution for employees of large employers with self-insured medical plans, providing access to a national network of board-certified surgeons and facilities. SurgeryPlus covers procedures across 34 major categories, including orthopedic, spine, cardiovascular, bariatric, general surgery, and a wide range of minor outpatient procedures. The service includes dedicated care coordinators who select physicians, schedule appointments, transfer medical records, coordinate logistics, and follow up post-procedure. The company is led by CEO Clint Hampton and reports that SurgeryPlus is currently available to over 275,000 members nationwide. EmployerDirect intends to use the new funding to grow its core SurgeryPlus product, scale its technology infrastructure, and expand operations. The business is based in Austin, Texas.

Led · Series C · Oct 2019

CityLift Parking designs, installs and services automated parking lifts intended to save space, reduce the cost of building parking, and shorten construction time. The company is co-founded by Scott Gable (CEO) and Mike Ghielmetti and is based in Oakland, CA, with offices in Los Angeles and Boston. CityLift has completed projects including a 235-space installation in Oakland and a five-level puzzle lift in Nashville. It is also building the first fully automated system in the Pacific Northwest and the first parking lift system in Salt Lake City. The company says it will use new funding to accelerate growth and invest in technology innovation. No revenue or user metrics were provided in the article.