Rightway raises $160M for healthcare navigation platform
What's the deal? Rightway, a New York-based healthcare navigation and pharmacy benefits management platform, has raised $160 million in a late-stage venture round, according to a recent SEC filing. The filing lists six investors. Founded in 2017 by Jordan Feldman and Theodore Feldman, the company has now raised $394.3 million in total.
What's the endgame? Rightway builds tools that simplify medical and prescription decisions for employers and their members, combining care navigation with pharmacy benefits management. The new capital deepens a well-funded push into a market where employers are squeezed by rising healthcare and drug costs.
The signal: The round ranks in the top 4% of all-time late-stage venture deals for US health startups, underscoring investor appetite for platforms that promise to cut employer benefits spending — even as capital tightens across much of the sector.
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Image credit: Rightway
