Fundraising Fox

Parachute Health

New York, US · Founded 2015 · 335 employees on LinkedIn · 6 known investors

Parachute Health operates a shared digital network that connects healthcare providers, suppliers, and payors to order and deliver home medical equipment, replacing manual fax and phone workflows with clean, complete, and trackable orders. It serves the U.S. home-based care market across all 50 states.

Digital HealthHealthtechSaaS

Founders & leadership

Parachute Health was founded in 2015 by David Gelbard.

DGDavid Gelbard
David GelbardinFounder & CEO
LP
Lee PerlmanMember of Board of Managers
PS
Peter SegallMember of Board of Managers
AW
Anthony WeltersMember of Board of Managers
TN
Trevor NelsonMember of Board of Managers

Investors · 6

Alumni VenturesManchester · $100K – $10M
Basecamp FundManchester · $100K – $10M
Insight PartnersNew York · $120M – $350M
JMI EquityLa Jolla · $25M – $250M
Left Lane CapitalNew York · $5M – $75M
TRANSFORMATION CAPITALBoston

Reported raises · per SEC filings

Form D private placements

$9.5M disclosed across 1 round · 2018

▶$9.5MraisedJun 2018 · 6 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Lee PerlmanDirector
  • Peter SegallDirector
  • Anthony WeltersDirector
  • Trevor NelsonDirector
  • David GelbardExecutive Officer, Director
Offering amount
$9.5M
Amount sold
$9.5M
First sale
May 2018
Incorporated
Limited Liability Company, New York, 2014
Federal exemptions
06c
Full filing on SEC EDGAR ↗

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

Key figures

latest reported
HeadcountAug 2026335

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

Competitors · 2

by search overlap
BirdEye316 shared keywordsBirdeye offers an AI-powered platform with multi-agent "AI Coworkers" that handle marketing, operations, and customer experience tasks such as search optimization, review generation, listings management, social posting, and front-desk coordination. It serves multi-location businesses, providing a unified view of customers, locations, and interactions.
Nextdoor (NYSE: 2021)290 shared keywordsNeighborhood social network; IPO 2021

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

In the news

Parachute Health Raises Millions for Its Fight Against Fax Machines | Chief Healthcare Executivechiefhealthcareexecutive.com · Jul 2026Parachute Health | Investment | Insight Partnersinsightpartners.com · Nov 2022Parachute Health raises $5.5mn seed funding | Healthcare Digitalhealthcare-digital.com · May 2020Healthcare & Life Sciences Private Equity Deal Tracker: Parachute Health Secures $9.5 Million in Funding | McGuireWoods LLP - JDSuprajdsupra.com · Jun 2018Parachute Health raises Series B for expansion of medical equipment eprescribing startup - MedCity Newsmedcitynews.com · Jun 2018Parachute Health Raises $9.5 Million in New Funding to Expand Revolutionary ePrescribing Platform | Insight Partnersinsightpartners.com · Jun 2018

Frequently asked questions

What does Parachute Health do?
Parachute Health operates a shared digital network that connects healthcare providers, suppliers, and payors to order and deliver home medical equipment, replacing manual fax and phone workflows with clean, complete, and trackable orders. It serves the U.S. home-based care market across all 50 states.
Who founded Parachute Health?
Parachute Health was founded by David Gelbard in 2015.
Who are Parachute Health's investors?
Parachute Health's investors include Alumni Ventures, Basecamp Fund, Insight Partners, JMI Equity, Left Lane Capital, TRANSFORMATION CAPITAL.
How much funding has Parachute Health raised?
Parachute Health has disclosed $9.5M raised across 1 round.
Where is Parachute Health headquartered?
Parachute Health is headquartered in New York, US.