I hear you have an awesome newsletter, how can I sign up?
Glad you asked. The Rock Weekly curates the week’s most interesting digital health news and delivers it to your inbox every Monday. We include select perks, including free conference passes and more. You can sign up here. Hot news tip? Email firstname.lastname@example.org.
What is Rock Health?
Rock Health is a full-service seed fund that is powering the future of the digital health ecosystem, bringing together the brightest minds across disciplines to build better solutions. Rock Health funds and supports startups building the next generation of technologies transforming healthcare.
What exactly does Rock Health provide to entrepreneurs?
Rock Health provides early stage startups with funding and support. Startups receive:
Funding (up to a $250K investment) from the Rock Health Fund. Rock Health invests in seed rounds as well as participating in early venture rounds.
Dedicated support with our team, helping your company with fundraising, business/customer development, strategy, operating model/hiring, marketing and product launch support, and PR—consider us your first few employees
Access to our industry partners and broad network representing the healthcare industry, technologists, and venture capitalists, as well as fellow portfolio entrepreneurs
Medical expertise and guidance from Kaiser Permanente, Mayo Clinic, Harvard Medical School, Brigham and Women’s Hospital, and UCSF
Support from programming partners, including the design firm Cooper and startup lawyers Fenwick & West
Over $35,000 worth of goods, services, and discounts (from Apple, SalesForce, AWS, oDesk, and more)
The option to work out of our beautiful space in San Francisco’s Mission Bay neighborhood
Is Rock Health an accelerator/incubator?
No. We stopped our accelerator in 2013 and operate as an early-stage investor that customizes our support for each one of our portfolio companies. Rather than a fixed multi-month program, Rock Health companies have access to the Rock Health staff and support for the life of their company. Rock Health offers not just funding, but also free office space and access to a wide network across the industry.
How is Rock Health structured?
Rock Health has two arms—a fund that invests in startups and a non-profit that focuses on education (through startup support, events, and research).
Who are the investors in the Rock Health Fund?
Bessemer Venture Partners and Kaiser Permanante Ventures are the lead investors in our current fund, with participation from Flare Capital Partners, Great Oaks Ventures, iSeed, KPCB, McKesson Ventures, Montreux Equity Partners and New Leaf Ventures.
How can I get funding?
Tell us about your company by submitting your business plan here.
So when is the submission deadline?
There isn’t one–we review companies on an on-going basis.
What are the terms of the investment?
We fund companies on seed terms, similar to what you would expect from any other early stage investor. If we’re investing in an existing round, we’ll evaluate and join on existing terms. If we’re the first money in, we’ll work with you to set terms. Our fund operates exactly as any other seed stage fund does.
To support Rock Health’s longevity and our vibrant digital health community, most of our companies voluntarily donate advisor shares to the non-profit.
What are the possibilities for follow-on funding?
While we only invest once, our portfolio companies have gone on to raise money from Accel, Andreessen Horowitz, Asset Management, Collaborative Fund, DCM, Felicis, First Round, Floodgate, Founders Collective, Founders Fund, General Catalyst, Kaiser Permanente Ventures, Khosla Ventures, NEA, Social+Capital, SV Angel, True Ventures, USVP, Venrock, angel investors Mark Cuban, Esther Dyson, Caterina Fake, Yuri Milner, Mark Pincus, Keith Rabois, Kevin Rose, and many others.
What are you looking for? How do you decide who to fund?
We’re looking for early-stage, product-centric companies that are solving real problems in healthcare. No experience in the health space? No worries. We have resources and connections in the sector. We want you to use what you’ve learned in other segments — gaming, informatics, design, etc. and combine it with the expertise of our team and our partners.
Rock Health evaluates and invests in companies based on the team, idea, business model, and disruptive potential. We solicit input from our industry partners, select portfolio founders, and investors on a case-by-case basis.
How many startups do you fund each year?
In general, we don’t have a target number, but we typically end up adding approximately 10-15 companies per year to the Rock Health portfolio.
Can I get funded by Rock Health if…
I went through an accelerator. Yes. We’d be interested in hearing how your time in an accelerator helped you progress as a company.
I’m located outside of the Bay Area or the United States. Certainly. As long as you’re focused on US healthcare, it doesn’t matter where you choose to locate your company. In fact, over 30% of our portfolio is located outside of the Bay Area.
What’s the best way to talk to someone at Rock Health about my startup?
We are committed to funding and supporting great digital health entrepreneurs. Since we can’t respond individually to every email, here are two ways to get in touch with us:
1) Submit your business plan here. We follow up with every company that sends us their deck, usually within a month.
2) Get an intro through one of our portfolio company founders.
When does programming start?
There’s no “program” in fact. After we invest, we’ll work with you to figure out how we can best support your company. From there, we support our portfolio companies throughout their stages of development. Our services are meant to be perpetual and durable, meaning there’s always something happening at Rock Health from which you can gain value.
Where are you located?
Our headquarters are in San Francisco, but you don’t have to be.
Who’s behind this?
I’m looking for a job. Can you introduce me to startups?
Still have questions?