Parachute Health
2024 Revenue
$12.2M
Customers
40K
Funding
$15.4M
YOY
111.1%
Avg ACV
$305
Team
243
Founded
2015
How Parachute Health CEO David Gelbard grew Parachute Health to $12.2M revenue and 40K customers in 2024.
Developer of a DME supply ordering platform intended to improve patient care through transparent and seamless coordination of medical equipment and supplies. The company's platform streamlines operations by eliminating unnecessary data entry, digitizing signatures, providing real-time order status updates and order history logs, integrated messaging and on-demand data reporting, enabling healthcare providers to reduce errors and improve equipment delivery time for discharged patients.
Last updated
Parachute Health Revenue
In 2024, Parachute Health's revenue reached $12.2M. The company previously reported $5.8M in 2023. Since its launch in 2015, Parachute Health has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Parachute Health Hit $12.2m revenue in October 2024 |
| 2023 | Parachute Health Hit $5.8m revenue in October 2023 |
| 2021 | Parachute Health Hit $2.4m revenue in April 2021 |
| 2015 | Launched with $0 revenue |
Parachute Health Valuation, Funding Rounds
Parachute Health has not publicly disclosed its valuation. The company has raised $15.4M in total funding to date.
Parachute Health has raised $15.4M in total funding across 3 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2019 | Funding round | $400K | - | - |
| 2018 | Funding round | $9.5M | - | - |
| 2018 | Funding round | $5.5M | - | - |
Parachute Health Employees & Team Size
Parachute Health employs approximately 243 people as of 2026, up from 137 in 2023.
Parachute Health has 243 total employees in different roles and functions and 2 sales reps that carry a quota. They have 40K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 243 employees (December 2024) |
| 2024 | Reached 239 employees (October 2024) |
| 2023 | Reached 137 employees (October 2023) |
| 2022 | Reached 72 employees (October 2022) |
| 2021 | Reached 69 employees (December 2021) |
| 2021 | Reached 47 employees (April 2021) |
Founder / CEO
David Gelbard
David Gelbard is the Founder & Chief Executive Officer at Parachute Health based in Princeton, New Jersey. Previously, David was the Assistant Vice President at Falcon Investment Advisors
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Parachute Health acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Parachute Health
What is Parachute Health's revenue?
Parachute Health generates $12.2M in revenue.
Who founded Parachute Health?
Parachute Health was founded by David Gelbard.
Who is the CEO of Parachute Health?
The CEO of Parachute Health is David Gelbard.
How much funding does Parachute Health have?
Parachute Health raised $15.4M.
How many employees does Parachute Health have?
Parachute Health has 243 employees.
Where is Parachute Health headquarters?
Parachute Health is headquartered in New York, New York, United States.
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Compare Parachute Health to the industry
Parachute Health operates across multiple industries. Browse revenue, funding, and growth data for Parachute Health in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .