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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
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.
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 | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $400K | - | - | |
| 2018 | Funding round | $9.5M | - | - | |
| 2018 | Funding round | $5.5M | - | - |
CEO
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
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Parachute Health serves 40K customers.
Parachute Health employs approximately 243 people as of 2026, up from 137 in 2023, including 2 sales reps that carry a quota. It serves 40K customers that rely on its solutions.
Parachute Health generates an estimated $12.2M in annual revenue.
Parachute Health was founded by David Gelbard.
The CEO of Parachute Health is David Gelbard.
Parachute Health raised $15.4M across 3 rounds.
Parachute Health has 243 employees.
Parachute Health is headquartered in New York, New York, United States.
Parachute Health operates across multiple industries. Browse revenue, funding, and growth data for Parachute Health in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$12.2M(Est.)
Customers
40K
Funding
$15.4M
Avg ACV
$305
Team
243
Founded
2015
| Year | Milestone | Source |
|---|---|---|
| 2024 | Parachute Health Hit $12.2m revenue in October 2024 | Estimated |
| 2023 | Parachute Health Hit $5.8m revenue in October 2023 | Estimated |
| 2021 | Parachute Health Hit $2.4m revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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