Fundraising Fox

Strive Health

Unicorn Β· $1.8B

Denver, US Β· Founded 2018 Β· 625 employees on LinkedIn Β· 8 known investors

Strive Health provides value-based kidney care, working with providers and payors to treat patients with chronic kidney disease. It combines nurse practitioner-led care teams with predictive analytics to improve outcomes and lower the total cost of care.

Also known as Strive

Founders & leadership

Strive Health was founded in 2018 by Chris Riopelle and Will Stokes.

CRChris Riopelle
Chris Riopellein𝕏Co-Founder & Chief Executive OfficerCo-founder and CEO of Strive Health, a value-based kidney care company. He previously held senior executive roles at GeriMed, Gambro, DaVita, LaVie Care Centers, and NorthStar Anesthesia, and holds a BA in Economics from Albion College and a JD/MBA from the University of Detroit Mercy.
WSWill Stokes
Will StokesinCo-Founder & Advisor
DTDave Thornton
Dave ThorntoninChief People Officer
PMPaul Marchetti
Paul MarchettiinPresident
JSJamie Sharp
Jamie SharpinChief Medical Officer
KBKeith Bellovich
Keith BellovichinChief Nephrologist
THTom Hawkes
Tom HawkesinChief Technology Officer
CRChris Rigg
Chris RigginChief Financial Officer
SASumair Akhtar
Sumair AkhtarinChief Clinical Officer
MPMichele Paige
Michele PaigeinChief Growth Officer
JK
Jon KwellerinGeneral Counsel
ATAmit Trivedi
Amit TrivediinChief Actuary

Investors Β· 8

Also in the syndicate Β· 1

Hercules Capitallead

Funding

SEC filings, press & company announcements

$1.1B disclosed across 2 of 5 rounds Β· 2023–2025

Source: company announcements and press reports β€” follow each round's link for the claim.

Valuation Β· disclosed

Disclosed events
$1.8Bvaluation at Series DSep 2025
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

Strive Health is a Denver-based provider of value-based kidney care that supports patients across the continuum from chronic kidney disease (CKD) to end-stage kidney disease (ESKD). The company combines high-touch, multidisciplinary care teams with predictive analytics and AI technology to form an integrated care delivery system that operates alongside local nephrologists, health systems and primary care providers. Its two principal offerings are a population health program, staffed by a multi-specialty care team, and Strive Care Partners, a nephrologist-led complete care model.

Patients are assigned a dedicated nurse-practitioner-led care team, branded "Kidney Heroes," which includes case managers, care coordinators, social workers, dietitians and pharmacists and acts as a care extender between nephrologist visits. The clinical model emphasizes early identification, preventative care, slowing disease progression, optimal starts on renal replacement therapy and increased home dialysis adoption. The company has also expanded into managing comorbid high-cost conditions such as congestive heart failure.

Strive's case management and population health programs are accredited by the National Committee for Quality Assurance (NCQA), and its CareMultiplier technology platform is HITRUST certified.

Founding story

Strive was founded in 2018 by Chris Riopelle and co-founder Will Stokes with the stated aim of transforming kidney care; NEA backed the company at its founding.

Business model

Strive contracts with commercial and Medicare Advantage payors, Medicare, health systems, nephrology groups and physicians through flexible value-based payment arrangements, including risk-based programs, rather than serving patients directly on a fee-for-service basis. The company manages nearly $5 billion of annual medical spend on behalf of its partners and states it is profitable on a unit-economic basis.

Revenue derives from value-based and risk-based contracts with payors and providers, in which Strive is compensated in connection with managing the total cost of care for kidney disease populations; the company reports having generated more than $400 million in savings for health plan and provider partners since founding.

Traction

As of 2025 Strive serves over 145,000 people with CKD and ESKD (the company site also cites 150,000+ people served), partners with more than 6,500 providers including about 700 nephrologists, manages nearly $5 billion of annual medical spend, and employs over 700 staff (site lists 800+). It reports more than 1.3 million patient touchpoints and over $400 million in partner savings since founding. Reported clinical results include a 41% reduction in hospitalizations, 34% reduction in readmissions (30% per CEO bio), 20% reduction in total cost of care, 85% increase in optimal starts, 62% increase in home dialysis adoption and 94% patient satisfaction. This compares with 80,000 patients across 30 states, 550 employees and $2.5 billion of managed annual medical spend as of May 2023.

Latest developments

On September 9, 2025 Strive announced a $550 million capital raise consisting of $300 million in Series D equity led by NEA and $250 million in debt financing led by Hercules Capital, valuing the company at $1.8 billion. Proceeds are directed at scaling the care model, strengthening end-to-end partnerships, expanding multi-specialty services including congestive heart failure management, and building AI-driven tools and analytics. The CEO said the company is not focused on an exit at this stage and is on a path to profitability.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Strive describes itself, and is described in trade press, as a national leader in value-based kidney care. Its 2025 raise brought total funding to $700 million at a $1.8 billion valuation, which the CEO characterized as the strongest capital position in specialty kidney care. Context cited by the company: over 35 million Americans have kidney disease and roughly 90% are unaware of the condition until dialysis or transplant is needed.

Management attributes differentiation to integration into the local physician community β€” including contractual arrangements with roughly 700 nephrologists and co-location in some markets β€” combined with a kidney-specific machine learning platform, NCQA-accredited case management and population health programs, and a nurse-practitioner-led multidisciplinary care team that coordinates care rather than replacing specialists.

Technology

Strive's platform, CareMultiplier, is a kidney disease-specific machine learning technology that generates predictive insights and helps clinicians build individualized care plans; it is HITRUST certified. The company began with machine learning and analytics for patient risk stratification and intervention targeting, and as of 2025 is deploying predictive AI, agentic AI, ambient scribes and generative AI/LLM tools across care delivery and administration. Proceeds from the 2025 Series D are earmarked in part for further AI-driven tools and analytics.

Go-to-market

Strive sells through partnerships with payors, health systems, nephrology practices and medical groups, integrating its care teams into local provider communities β€” in some cases co-locating with nephrologists β€” and participating in programs such as the CMMI Kidney Care Choices (KCC) model. Growth has come from launching and expanding named partnerships market by market.

Commercial and Medicare Advantage payors, Medicare, health systems, nephrologists and medical groups, and the CKD/ESKD patients they serve. Named partners and customers include Humana, Aetna, Oak Street Health, SSM Health, Mercy Health, Independence Blue Cross, Blue Cross and Blue Shield of North Carolina, and Trinity Health/Loyola Physician Partners.

Geography

Headquartered in Denver, Colorado, with operations across all 50 states. Patient care lines are listed for Kentucky and Indiana (Humana), St. Louis (SSM Health), Philadelphia (Independence Blue Cross), North Carolina, Ohio (Mercy Health), Michigan, New York/New Jersey, Illinois, and Oregon, Washington, Utah and Idaho. In 2023 the company operated in 30 states.

History

Founded in 2018 with NEA as founding capital partner. The company raised a $166 million Series C in May 2023, when it served 80,000 patients in 30 states with 550 employees. In September 2025 it announced a $550 million capital raise ($300 million Series D equity plus $250 million debt) at a $1.8 billion valuation, bringing total funding to $700 million.

Risks & controversies

Reported figures are inconsistent across sources β€” the company website cites 150,000+ patients served, 800+ employees and a 34% readmission reduction, while the September 2025 press release and press coverage cite 145,000+ patients, over 700 employees and a 30% readmission reduction. Outcome metrics are company-reported and not independently verified in the sources. The company is not yet profitable on a consolidated basis, and it carries $250 million of newly raised debt.

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

Key figures

latest reported
Annual medical spend managedSep 2025$5B
EmployeesMay 2023550 employees
Employees (company website)Jan 2025800+
Employees (Strivers)Sep 2025700 employees
Increase in home dialysis adoptionJan 202562%
Increase in optimal startsJan 202585%
Nephrologists in arrangements with StriveSep 2025$700
Nephrology providers partneredMay 2023600 providers
Overall patient satisfactionSep 202594%
Partner providersSep 20256,500 providers
Patient touchpoints since foundingSep 20251,300,000 touchpoints
Patients servedMay 202380,000 patients
Patients served (CKD and ESKD)Sep 2025145,000 patients
People with kidney disease served (company website)Jan 2025150,000+
Reduction in hospital readmissionsJan 202534%
Reduction in hospitalizationsSep 202541%

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

Founder mafia

2 people who came through Strive Health went on to found or lead other companies.

Competitors Β· 1

by search overlap

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

Timeline Β· 11

launches, deals, and filings
Sep 2025
Strive Health raises $550 million ($300M Series D equity plus $250M debt) at $1.8B valuation

NEA led the $300 million Series D equity round, with CVS Health Ventures, CapitalG, Echo Health Ventures, Town Hall Ventures, Redpoint and new institutional investors including funds managed by affiliates of BlackRock. Hercules Capital led $250 million in debt financing. Total funding to date reached $700 million at a $1.8 billion valuation.

$550M source β†—

Jan 2025
Denver Business Journal names Strive Health CEO among Colorado's Most Admired CEOs

source β†—

Jan 2025
Forbes names Strive Health an 'America's Best Startup Employer' for a fourth consecutive year

source β†—

Jan 2025
Expansion into additional high-cost specialties

Strive expanded its clinical model beyond kidney care into additional high-cost specialties such as congestive heart failure, with Series D proceeds funding further comorbid condition management buildout.

source β†—

Jan 2025
Jamie Sharp, M.D., and Chris Rigg join the Strive Health leadership team

source β†—

Jan 2025
Humana and Strive Health kidney disease care coordination collaboration in Kentucky and Indiana

Announced collaboration to provide kidney disease care coordination services for Humana members in Kentucky and Indiana; Strive lists dedicated Humana care team lines for both states.

source β†—

Jan 2025
Multiyear kidney care partnership with Oak Street Health

source β†—

Jan 2025
Partnership with largest nephrology group in Orange County, California

source β†—

Jan 2025
SSM Health kidney care partnership

Case study describes SSM Health and Strive Health partnering to scale kidney care services and manage financial risk; Strive operates an SSM Health Kidney Care line in St. Louis.

source β†—

Jan 2025
Trinity Health and Strive Health kidney care collaboration through Loyola Physician Partners

source β†—

May 2023
Strive Health raises $166 million Series C

Series C led by NEA with new strategic investor CVS Health Ventures and participation from all previous strategic investors: CapitalG (Alphabet), Echo Health Ventures, Town Hall Ventures, Ascension Ventures and Redpoint. Funds allocated to new market expansion, partnership investment and refining the value-based clinical model.

$166M source β†—

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

In the news

β–ΈResearch sources Β· 8

primary sources listed

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

Frequently asked questions

What does Strive Health do?
Value-based kidney care company serving CKD and ESKD patients nationwide on behalf of payors, health systems and nephrologists.
Who founded Strive Health?
Strive Health was founded by Chris Riopelle, Will Stokes in 2018.
Who are Strive Health's investors?
Strive Health's investors include CapitalG, CVS Health Ventures, Town Hall Ventures, Ascension Ventures, Echo Health Ventures, New Enterprise Associates (NEA), Redpoint Ventures.
How much funding has Strive Health raised?
Strive Health has disclosed $1.1B raised across 2 of its 5 known rounds.
Where is Strive Health headquartered?
Strive Health is headquartered in Denver, US.