Startup profile · funding coverage
SafeRide Health funding, valuation and investors
Technology-first non-emergency medical transportation (NEMT) platform for Medicaid, Medicare Advantage, and providers.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
Amount not disclosed · October 2023
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · San Antonio, TX
Investors in latest funding
Lead: Sands Capital
Other: Healthworx (CareFirst) , SCAN Group , Fresenius Medical Ventures , Bonfire Ventures
Overview
SafeRide Health connects Medicaid, Medicare Advantage, and provider program members to non-emergency medical transportation via a technology platform and vetted nationwide carrier network. Founded 2016; HQ San Antonio. Raised Series A led by Fresenius Medical Ventures (2019), Series B (2021), and Series C led by Sands Capital (Oct 2023) with Healthworx (CareFirst), SCAN Group, and earlier investors including Fresenius Medical Ventures and Bonfire Ventures. Stage maps to growth after Series C.
Why SafeRide Health is interesting
San Antonio healthcare access scale-up: Series C led by Sands Capital (Oct 2023) to digitize the $10B+ NEMT market — HQ expansion in SA while serving national MA/Medicaid programs.
Product & use cases
Payer/provider platform for booking, routing, and managing NEMT with real-time visibility across a multimodal transportation network.
- Medicare Advantage plans reducing missed appointments
- Medicaid brokers modernizing NEMT delivery
- Health systems coordinating patient transport to dialysis and specialty care
Key facts
- Series C (Oct 2023): led by Sands Capital; Healthworx and SCAN among participants
- HQ: San Antonio — new HQ opened Dec 2024 (company PR)
- Serves large Medicaid / Medicare Advantage / provider NEMT programs nationally
- Thesis: tech-brokered NEMT vs. opaque legacy brokerage
Funding history (newest first)
Series C
2023-10- Sands Capital (lead)
- Healthworx (CareFirst) (participant)
- SCAN Group (participant)
- Fresenius Medical Ventures (participant)
- Bonfire Ventures (participant)
Competitive landscape
Edge: Technology-first NEMT with AI/self-service tools versus legacy transportation brokers — payer-backed growth capital.
-
Modivcare / MTM incumbent
Large NEMT brokers.
-
Medical Transportation Management incumbents incumbent
Regional brokers.
-
Rideshare health products (Uber Health) adjacent
On-demand rides without full NEMT benefit management.
Notable stories
- SafeRide’s Series C pitch targeted the $10B+ NEMT market — arguing transportation is the last-mile barrier to life-sustaining care for MA/Medicaid members.
Industries
Related funding articles
Venture Capital Tracker pieces that cover SafeRide Health's financing or category context.
FAQs about SafeRide Health
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