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Circulation

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Pioneer in on-demand non-emergency healthcare transportation

Boston, United StatesFounded 2016Health Tech & Medtech
Valuation $25–50M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Circulation and the history behind them.

About Circulation

Circulation operates as a digital transportation platform focused on the Non-Emergency Medical Transportation (NEMT) market. The company was established in 2016 in Boston, Massachusetts by co-founders Dr. John Brownstein, Leerom Segal, and Robin Heffernan, who also served as the CEO. The business model centers on integrating with healthcare systems, state governments, and managed care organizations to coordinate reliable and efficient transportation for patients to and from their medical appointments. Clients primarily consist of payers, such as those managing Medicaid and Medicare plans, and approximately 3,000 healthcare facilities across 45 states.

The founders brought together expertise from distinct but complementary fields. Dr. John Brownstein is an epidemiologist and Professor at Harvard Medical School, serving as the Chief Innovation Officer at Boston Children's Hospital. His work in public health surveillance and digital epidemiology, including the creation of global surveillance systems like HealthMap, provided a foundation for addressing systemic healthcare challenges like patient transportation. Leerom Segal is a serial entrepreneur who co-founded Klick Health, a major digital marketing and commercialization agency for the life sciences industry. His background in technology and business scaling was instrumental in developing Circulation's platform. This blend of public health insight and technological entrepreneurship aimed to solve the problem of transportation as a barrier to healthcare access.

The company's core product is a HIPAA-compliant digital platform that automates and manages NEMT logistics. It enables various stakeholders—including call centers, caregivers, and patients—to schedule rides, while providing analytics and monitoring for fraud, waste, and abuse. The platform offers a diverse suite of on-demand ride options, ranging from transportation network companies (TNCs) like Lyft, with whom they had a formal agreement, to more specialized services such as door-to-door assistance, wheelchair-accessible vehicles, and stretcher transport. In 2017, Circulation secured a $10.5 million Series A funding round with participation from notable investors including Flare Capital Partners, Humana, and Boston Children's Hospital. A significant milestone occurred in September 2018 when LogistiCare (now Modivcare), the largest manager of NEMT programs in the U.S., announced its acquisition of Circulation. The deal was intended to integrate Circulation's technology across LogistiCare's extensive nationwide operations, enhancing the patient experience and improving efficiency.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2016
Headquarters
Boston, United States
Employees
16
Open positions
None listed
Dealroom signal
57.9/100
Industry
Health, Transportation
Sub-industry
Health Platform, Mobility
Sector
Health Tech & Medtech, Ride-Sharing, Micromobility, Hard Tech
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
OtherOther financing Jan 2021 $0 — Undisclosed ↗
ACQUISITION✓Exit Sep 2018 $44M $44M Undisclosed —
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Growth signals

Circulation website traffic

Latest recorded traffic for Circulation is 92K monthly website visits, up 1.1% over the last three months. Circulation's team grew 0% over the past year.

Latest monthly visits92K 3-month web change+1.1% 1-year team growth0%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Klick

Series A6 investors entered at this stage

  • Flare Capital Partners
  • Access Denied
  • NextGen Venture Partners
  • Humana
  • The Providence Service Corporation
  • Echo Health Ventures

Other known investors1 additional known investor

  • Joseph Whitner
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Boston HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Circulation on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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