SafeRide Health Secures Series A Funding Led by Fresenius to Integrate Nationwide Healthcare Logistics Services

VCBeat (WeChat Official Account: vcbeat) has learned that on February 20, 2019, SafeRide Health, a healthcare logistics and supply company, announced the completion of its Series A financing round, with the amount undisclosed. The round was led by Fresenius, with participation from Amplify.LA, Bonfire Ventures, FCA Venture Partners, and Meridian Street Capital.

Following the completion of this funding round, SafeRide Health will allocate additional human and financial resources to the upgrading and iterative development of software related to medical transportation services, thereby integrating nationwide healthcare logistics services in the United States. According to foreign media reports, the U.S. healthcare logistics market is valued at approximately $15 billion, indicating substantial growth potential.

SafeRide Health is a venture capital-backed startup founded in 2016. The company standardizes and simplifies logistics operations in the healthcare sector.

It is reported that the integrated solutions provided by SafeRide Health have gained recognition from numerous U.S. healthcare companies and government agencies. Through SafeRide Health’s services, companies or institutions can manage all aspects of their medical logistics programs in real time. According to the SafeRide Health official website, the company consolidates all clients onto a single software platform, enabling them to adopt a unified management approach that ensures seamless integration of regulatory compliance, benefits management, and prior authorization.

SafeRide Health leverages proprietary technology to provide each user with tailored multimodal transportation solutions, including public transit, private transport, and decentralized delivery options. Through SafeRide Health’s services, healthcare companies and government agencies can significantly reduce the time and financial costs associated with transporting medical supplies.

“SafeRide Health is a trusted healthcare logistics and supply company. I believe that SafeRide Health will deliver the best services to health systems, medical companies, and users across China. We are delighted to partner with SafeRide Health,” said Arnd Wiegman, founder of Fresenius.

Fresenius Medical Care is a subsidiary of Fresenius AG. Founded in 1912, Fresenius AG is one of the Fortune Global 500 companies.

Fresenius entered the nephrology field in 1966, with its core business focused on the research and development, manufacturing, and sales of hemodialysis and peritoneal dialysis products. The company also provides dialysis treatment services, making it the world’s largest and most comprehensive supplier of products and services for the treatment of acute and chronic kidney failure.

The company employs more than 108,851 people in over 100 countries worldwide, operates more than 3,579 hemodialysis centers, delivers a dialysis treatment every 0.7 seconds, and sells over 75,000 dialysis machines annually.

Amplify.LA is a venture capital firm focused on early-stage healthcare startups. Founded in 2011 and headquartered in California, USA, the firm makes individual investments ranging from $50,000 to $200,000. Currently, Amplify.LA has invested in multiple healthcare startup projects and campus-based business incubation initiatives.

Bonfire Ventures is a financial services company headquartered in California, United States. The company primarily invests in startups and high-tech enterprises.

FCA Venture Partners, established in 1996, is a venture capital firm primarily investing in healthcare-related companies.

Meridian Street Capital is a venture capital firm founded in 2016. The firm primarily invests in early-stage healthcare companies.

(Compiled by Hu Xuan)