Rippl, a behavioral health and virtual dementia care platform, has recently secured a $23 million fundraise to scale its operations and expand its reach. With the Series A capital, Rippl aims to extend its services to new states and establish value-based care partnerships with payors and payviders to enhance dementia care offerings.
Leading the latest fundraising round was Kin Ventures, with investments also coming from ARCH Ventures, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital. These funds will enable Rippl to provide virtual dementia care resources to patients and caregivers, ultimately reducing healthcare costs and stress by keeping patients out of the emergency department.
Rippl plans to use the funding to expand its services to new states in the coming 12 to 24 months. Additionally, the company will enhance its technology offerings through its AI digital assistant, in conjunction with care navigators and dementia care team members. Recently, Rippl acquired tech startup Kinto to further improve its virtual patient and family caregiver experience.
Looking ahead, Rippl aims to expand to Arizona, California, and Florida in the next year. The company has also partnered with the Alzheimer’s Association to develop a digital dementia care navigation tool known as Dementia Care Navigation Services (DCNS) for caregivers and physicians.
Rippl is part of the GUIDE model developed by CMS to expand dementia care services and receive reimbursement for services like care navigation, education, and coordination. This new payment model allows organizations like Rippl to collaborate with payviders that assume more risk while meeting benchmarks identified by CMS.
CEO Kris Engskov emphasized the importance of key partnerships in Rippl’s decision-making process, stating, “There’s lots of opportunity to do more, and building the foundation for that is what we’re trying to do right now.”
