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External Partners Alumni Search Submit Return to home Search Search About About Olin Home Why Olin Equity, Diversity & Inclusion Leadership & Strategy News & Media Events Contact Us Programs Programs Home Explore Our Programs BS in Business Administration MBAs Specialized Master's Doctoral Executive Education Dual Degrees Faculty & Research Faculty & Research Home Faculty Directory Research Research Centers Olin Brookings Commission Olin Award Student Resources Student Resources Home Career Services Center for Experiential Learning Entrepreneurship Academic Calendars Student Organizations For Current Students For Military Veterans Admissions Admissions Home Scholarships & Aid Attend Program Events Visit Olin Ask a Student Student Profiles Request Information Refer a Candidate External Partners Alumni Olin BSBA’s healthcare startup lands $10.25M from Andreessen Horowitz March 9, 2020 By Kurt Greenbaum 2 minute read Home News Olin BSBA’s healthcare startup lands $10.25M from Andreessen Horowitz Nine tiny lines of type near the back of Olin Business magazine’s 2017 edition announced Nate Maslak’s new venture, HealthWiz, “which helps lower healthcare costs for employers and payers by helping consumers navigate their healthcare costs and access high-quality, cost-efficient care.” Three years and one brand change later, Maslak, BSBA 2011, and the company he runs&＃8212;Ribbon Health&＃8212;landed a $10.25 million round of Series A funding led by well-known venture capital firm Andreessen Horowitz. The infusion marks the first investment from Andreessen&＃8217;s new $750 million healthcare fund. Nate was a rock star entrepreneurship student as an undergrad at Olin. His success is no surprise. &＃160; Cliff Holekamp, former Olin entrepreneurship professor The company had nailed down two earlier seed funding rounds, according to the Crunchbase startup directory. Details on those early rounds were not available. The Series A round led by Andreessen closed on February 27, 2020. A&＃160;story about the funding round&＃160;on TechCrunch explained that Ribbon Health &＃8220;is trying to create an accurate database of what doctors and health plans have, which specializations offer their services to which insurance providers, and produce the best outcomes for patients.&＃8221; Nine individuals or firms participated in the Series A investment for Ribbon Health, including Y Combinator and New York-based early-stage investment fund BoxGroup, according to Crunch Base. &＃8220;This funding will help us bring our healthcare data platform to more payers, providers, and other healthcare stakeholders, allowing them to break through the information barriers in healthcare,&＃8221; Maslak, CEO and cofounder, wrote in a&＃160;blog post on the Ribbon Health website. About the Author Kurt Greenbaum As communications director for WashU Olin Business School, my job is to find and share great stories about our students, faculty, staff, and alumni. I've worked for the Consortium for Graduate Study in Management as communications director and as a journalist for the St. Louis Post-Dispatch, Sun-Sentinel in South Florida and the Chicago Tribune. Contact Us For assistance in finding faculty experts, please contact Washington University Public Affairs. Monday&＃8211;Friday, 8:30 to 5 p.m. Sara Savat, Senior News Director, Business and Social [email protected] &＃160; Kurt Greenbaum,Communications [email protected] Twitter: WUSTLnews Share article Apply Now Visit Us Request Info One Brookings Drive, St. Louis, MO 63130-4899 [email protected] 314-935-7301 News & Media Events Faculty Directory WashU Center for Career Engagement Washington University home Olin Links Sitemap Privacy Policies Title IX Accessibility ©2024 Washington University in St. Louis
