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Waymark funding, valuation and investors
Community-based care platform extending primary care for Medicaid patients.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$45M · 2022
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$45M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · San Francisco, California
Investors in latest funding
Lead: Andreessen Horowitz , New Enterprise Associates
Other: Lux Capital
Overview
Waymark provides technology and community health worker services to extend primary care for Medicaid and low-income patients — addressing social determinants of health alongside clinical needs. Co-founded by Rajaie Batniji (formerly of Collective Health and Stanford), Waymark partners with Medicaid managed care organizations and providers on value-based care models. The company raised a $45M Series A co-led by a16z and NEA with Lux Capital participating, plus additional debt financing reported in 2023.
Why Waymark is interesting
Rajaie Batniji (ex-Collective Health) building Medicaid value-based care with community health workers — not the Detroit AI video-ad company of the same name.
Product & use cases
Waymark embeds community-based care teams with primary care practices serving Medicaid populations — software coordinates outreach, care plans, and social needs (housing, food, transportation) tied to VBC payment models.
- Medicaid MCOs reducing ER utilization via community health worker outreach
- Primary care clinics managing complex Medicaid panels with social care coordination
- State Medicaid programs testing VBC extensions beyond clinic walls
Key facts
- Series A (2022): $45M co-led by a16z and NEA; Lux Capital — press
- Debt/other (2023): $42M reported with Lux, NEA, a16z — Startup Intros
- Co-founder Rajaie Batniji — ex-Collective Health, Stanford MD/PhD
Funding history (newest first)
Investors in our directory
Funds linked from Waymark's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Batniji's health-plan and policy background plus a16z/NEA/Lux syndicate positions Waymark at intersection of Medicaid policy tailwinds and VBC infrastructure — not generic care navigation.
Medicaid VBC is politically supported but operationally hard — community health workers scale people, not just software. Waymark competes with Cityblock for MCO contracts. Name collision with Detroit's Waymark AI video company requires disambiguation in search. Debt + equity mix in 2023 suggests capital intensity of care delivery models.
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Cityblock Health direct
Medicaid-focused VBC with community care; similar patient population.
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Oak Street Health (CVS) adjacent
Senior primary care VBC; different age band but overlapping VBC operator model.
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Unite Us adjacent
Social care coordination network; Waymark adds clinical primary care integration.
Notable stories
- Waymark (healthcare) is distinct from Waymark AI (Detroit video ads) — same name, different a16z portfolio company in healthtech (directory note).
Industries
Related funding articles
Venture Capital Tracker pieces that cover Waymark's financing or category context.
FAQs about Waymark
Practical answers founders, operators, and investors typically search for.
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