Fundraising Fox

Commons Clinic

Austin, US · Founded 2021 · Delaware corporation · 11 known investors

Commons Clinic is an orthopedic care provider offering treatment for spine, joint, and sports medicine conditions, along with preventive health services such as full-body MRI and biomarker labs. It serves patients in Los Angeles through a network of board-certified physicians and accepts major insurance plans.

Also known as Commons

Founders & leadership

Commons Clinic was founded in 2021 by Brad Hively and Nick Aubin.

BH
Brad HivelyCo-founder
NANick Aubin
Nick AubininCo-Founder & CEOFounder of Commons Clinic, an orthopedic care provider in Los Angeles offering treatment for spine, joint, and sports medicine conditions as well as preventive services such as full-body MRI and biomarker labs.
NS
Nicholas Scott AubinExecutive
PM
Paulo Marques Da CostaExecutive
PS
Prithviraj Singha RoyNamed on SEC filing

Board

JLJohn Loser
John LoserinBoard directorGeneral Partner at Floating Point
DBDavid Berry
David BerryBoard directorInvestor at Averin Capital
THTristan Hunt
Tristan HuntinBoard directorPartner at Averin Capital
RB
Robert BadalBoard director

Investors · 11

Also in the syndicate · 4

Commons Clinic physiciansElliot CohenMike WestRA Capital Managementlead

Reported raises · per SEC filings

Form D private placements

$80M disclosed across 8 of 9 rounds · 2021–2026

$10.1MraisedJul 2026 · 16 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Nicholas Scott AubinExecutive Officer, Director
  • Paulo Marques Da CostaExecutive Officer, Director
  • Robert BadalDirector
  • David BerryDirector
  • John LoserDirector
  • Brad HivelyDirector
  • Tristan HuntDirector
Offering amount
$10.1M
Amount sold
$10.1M
First sale
May 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$25.7MraisedFeb 2025 · 43 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert BadalDirector
  • Paulo Marques Da CostaExecutive Officer, Director
  • John LoserDirector
  • Prithviraj Singha RoyDirector
  • Nicholas Scott AubinExecutive Officer, Director
Offering amount
$25.7M
Amount sold
$25.7M
First sale
Jan 2025
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$29.8MraisedDec 2024 · 51 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Prithviraj Singha RoyDirector
  • John LoserDirector
  • Nicholas Scott AubinExecutive Officer, Director
  • Robert BadalDirector
  • Paulo Marques Da CostaExecutive Officer, Director
Offering amount
$29.8M
Amount sold
$29.8M
First sale
Aug 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedDec 2024 · 2 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • John LoserDirector
  • Nicholas Scott AubinExecutive Officer, Director
  • Prithviraj Singha RoyDirector
  • Robert BadalDirector
  • Paulo Marques Da CostaExecutive Officer, Director
Offering amount
$4M
Amount sold
$2M
First sale
Nov 2024
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8MraisedMay 2023 · 39 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Aniq RahmanDirector
  • Robert BadalDirector
  • Nicholas Scott AubinExecutive Officer, Director
  • Paulo Marques Da CostaDirector
Offering amount
$8M
Amount sold
$8M
First sale
May 2022
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$90.3KraisedDec 2021 · 2 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Bob BadalDirector
  • Paulo Marques Da CostaDirector
  • Nicholas Scott AubinExecutive Officer, Director
  • Aniq RahmanDirector
Offering amount
$1M
Amount sold
$90.3K
First sale
Dec 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3.9MraisedSep 2021 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Nicholas Scott AubinExecutive Officer, Director
  • Bob BadalDirector
  • Paulo Marques Da CostaDirector
  • Aniq RahmanDirector
Offering amount
$5.9M
Amount sold
$3.9M
First sale
Aug 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$375KraisedJun 2021 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Paulo Marques Da CostaDirector
  • Nicholas Scott AubinExecutive Officer, Director
Offering amount
$1M
Amount sold
$375K
First sale
May 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Commons Clinic operates a vertically integrated specialty health system in the Los Angeles area, providing spine, joint replacement, orthopedic, sports medicine and pain management care, along with preventive diagnostics. Clinical services span back and neck conditions, osteoarthritis, sciatica, herniated discs, hip/knee/shoulder/elbow replacement, foot and ankle care, hand, wrist and elbow care, sprains, tears, fractures and interventional pain management. Physicians are fellowship-trained specialists, and the group highlights work in artificial disc replacement, motion-preserving techniques, minimally invasive and robotic surgery, including Mako robotic joint replacement.

The company runs eight clinics — Santa Monica, Marina del Rey, Long Beach (Douglas Park and Bixby Knolls), Lakewood, Beverly Hills, Torrance and Westlake Village — plus a physician-owned ambulatory surgery center, the Marina Orthopedic & Spine Institute (MOSI) in Marina del Rey, where surgeons perform same-day spine, orthopedic, sports medicine and total joint procedures. Clinics offer on-site imaging (including X-ray), physical therapy, care navigation and virtual visits; Santa Monica is the first location to host all of the company's Advanced Care Programs.

In June 2025 Commons Clinic introduced Wholebody, a multi-specialty preventive suite combining full-body MRI, 100-plus biomarker labs and expert care-team analysis with five specialty programs covering cardiometabolic health, musculoskeletal conditions, women's health, weight management and hormonal balance, gastrointestinal health, chronic pain and preventive oncology. Wholebody patients receive up to three specialty consults through a national expert network and priority placement into a vetted "FastPass" network of primary care partners. Weight loss, cardiology and women's health service lines are listed on the website as forthcoming.

Founding story

Commons Clinic was founded in 2021 by Nick Aubin, co-founder and CEO, and Paulo da Costa, co-founder and COO, in Los Angeles, with the stated aim of shifting specialty care away from a hospital-centric model toward physician-led ambulatory and value-based delivery.

Business model

Commons Clinic owns and operates the full care platform — clinics, physician group, ambulatory surgery center and native virtual clinic — rather than referring patients into hospital systems. It markets all-inclusive bundled care programs for procedures such as total joint replacement and spinal fusion, where a single upfront price covers in-person and virtual physician visits, on-site diagnostic imaging, personalized treatment plans, all day-of-surgery services (surgeon, facility, anesthesiologist, supplies and implants) and post-operative recovery programs.

Revenue comes from patient care billed to commercial insurance and from bundled, transparent-priced care episodes contracted with health plans and employers. The company states it works with major carriers including Aetna, Cigna, Anthem Blue Cross, Blue Shield of California and UnitedHealthcare, and with surgical benefit partners such as Carrum, Transcarent and LanternCare; at Series A it described simple bundled payments (surgical and non-surgical) sold to health plans and employers with guaranteed savings, and said it had secured a top-five national health plan as its anchor value-based partner.

Traction

Within its first two years the company said it had added six leading Los Angeles surgeons, opened three clinics and signed a top-five national health plan as its anchor value-based partner. By 2025 it listed eight clinic locations plus the MOSI ambulatory surgery center, a physician roster of roughly 19 specialists and therapists, and in-network relationships with dozens of carriers. Clinical milestones cited include the first Mako robotic revision hip replacement, published research on allogeneic mesenchymal precursor cells for chronic low back pain, and a physician's appointment as Associate Editor at the Journal of Bone & Joint Surgery.

Latest developments

In June 2025 the company closed a $26 million Series B led by RA Capital with Floating Point, SteelSky Ventures, Time BioVentures, Courtside Ventures and its own physicians participating, and launched Wholebody, extending its musculoskeletal center-of-excellence model into cardiac, metabolic, oncology and women's health services. Brad Hively joined the board, and the website lists weight loss, cardiology and women's health offerings as coming soon.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself as an independent, branded, value-based specialty health system competing with hospital-centric incumbents, citing that ambulatory surgery center procedures average 40 percent cheaper than the same hospital procedures and that hospital fees account for 61-84 percent of spending on common specialty episodes. It cites Mayo Clinic, Cleveland Clinic, Hospital for Special Surgery and MD Anderson as reference institutions, and an investor described the goal as building "the Cleveland Clinic of tomorrow."

Vertical integration across clinics, surgery center and virtual care with ownership of the full care platform; single all-inclusive pricing with no separate day-of-surgery bills; longer physician visit times; conservative-first treatment philosophy that avoids unnecessary surgery; and a concentration of fellowship-trained specialists performing advanced procedures such as artificial disc replacement and robotic hip revision.

Technology

The model combines native technology across the care platform with a virtual clinic for consults and post-operative rehabilitation, integrated digital systems linking specialties, and on-site diagnostics including X-ray and full-body MRI with 100-plus biomarker panels. Clinically, the group emphasizes minimally invasive and motion-preserving surgery, artificial disc replacement, endoscopy, robotic microsurgery and Mako robotic joint replacement, and uses advanced screening tools such as the Galleri cancer-marker test.

Go-to-market

Direct-to-consumer acquisition through its website with online scheduling, same-day virtual consults and next-day in-person appointments, supported by educational content on procedures and conditions; alongside contracting with commercial insurers, employers and surgical benefit navigation partners. Recruitment of nationally recognized specialist physicians into the group, who also invested in the Series B, is central to its market approach.

Patients in Los Angeles County seeking orthopedic, spine, sports medicine and pain treatment or preventive diagnostics, plus health plans and self-insured employers purchasing bundled specialty care episodes.

Geography

Operations are concentrated in Los Angeles County, California, with clinics in Santa Monica, Marina del Rey, Long Beach (Douglas Park and Bixby Knolls), Lakewood, Beverly Hills, Torrance and Westlake Village, and an ambulatory surgery center in Marina del Rey. A national network of expert specialists and primary care partners supports the Wholebody program.

History

Founded in 2021 in Los Angeles, the company opened three clinics and recruited six area surgeons during its first two years. In October 2023 it announced a $19.5M Series A led by RA Capital Management, bringing total funding to $33.5M and adding Prithviraj Singha Roy and John Loser to the board; Mike Sherman joined as Chief Strategy Officer. In June 2025 it announced a $26M Series B led by RA Capital, taking total funding above $60M, launched the Wholebody preventive care program under cardiologist Dr. Jenica Ortega, and added Brad Hively, former CEO of The Oncology Institute, to its board.

Risks & controversies

The model depends on continued migration of procedures from hospitals to ambulatory settings and on value-based contracts with health plans and employers; the company noted at its Series A that it relied on a single top-five national health plan as anchor value-based partner. Insurance coverage varies by physician and plan, so patient network status must be verified case by case.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Ambulatory surgery centersJan 20251 centers
Clinic locationsJan 20258 clinics
Surgeons added first two yearsOct 20236 surgeons
Total funding raisedJun 2025$60M
Typical appointment wait timeJan 2025Most patients seen within two weeks

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Commons Clinic for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Jun 2025
Dr. Prem Ramkumar named Associate Editor at Journal of Bone & Joint Surgery

Commons Clinic physician Prem Ramkumar was named Associate Editor at the Journal of Bone & Joint Surgery.

source ↗

Jun 2025
Commons Clinic raises $26M Series B

Series B led by RA Capital with participation from Floating Point, SteelSky Ventures, Time BioVentures, Courtside Ventures and Commons Clinic physicians, bringing total funding to over $60M.

$26M source ↗

Jun 2025
First Mako robotic revision hip replacement performed by Dr. Andrew Wassef

Commons Clinic reported that within the past year Dr. Andrew Wassef performed the first-ever Mako robotic revision hip replacement.

source ↗

Jun 2025
Launch of Wholebody by Commons Clinic

Multi-specialty preventive care suite with five specialty programs covering cardiometabolic health, musculoskeletal conditions, women's health, weight management, hormonal balance, gastrointestinal health, chronic pain and preventive oncology; includes up to three specialty consults and priority placement in a 'FastPass' network of primary care partners. Led by cardiologist Dr. Jenica Ortega.

source ↗

Jun 2025
Brad Hively joins board of directors

Brad Hively, former CEO of The Oncology Institute, joined the Commons Clinic board to advise on specialty value-based care strategy and expansion.

source ↗

Oct 2023
Commons Clinic announces $19.5M Series A

Series A led by RA Capital Management with participation from Floating Point, Courtside Ventures and Time BioVentures, bringing total funding to $33.5M. Prithviraj Singha Roy (RA Capital Management) and John Loser (Floating Point) joined the board.

$19.5M source ↗

Oct 2023
Mike Sherman joins as Chief Strategy Officer

Mike Sherman, Venture Partner at RA Capital Management and former Chief Medical Officer of Harvard Pilgrim Health Care and Point32Health, joined as Chief Strategy Officer in connection with the Series A.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Commons ClinicDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Commons Clinic do?
Physician-led specialty health system in Los Angeles delivering orthopedic, spine, pain and preventive care under bundled pricing.
Who founded Commons Clinic?
Commons Clinic was founded by Brad Hively, Nick Aubin in 2021.
Who are Commons Clinic's investors?
Commons Clinic's investors include Courtside Ventures, Floating Point, North South Ventures, SteelSky Ventures, Time BioVentures, Averin Capital, RA Capital.
How much funding has Commons Clinic raised?
Commons Clinic has disclosed $80M raised across 8 of its 9 known rounds.
Where is Commons Clinic headquartered?
Commons Clinic is headquartered in Austin, US.