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 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 | Quote |
|---|---|---|
| 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 | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $400K | - | - | |
| 2018 | Funding round | $9.5M | - | - | |
| 2018 | Funding round | $5.5M | - | - |
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
Parachute Health serves 40K customers.
Parachute Health Employees & Team Size
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.
| 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) |
Frequently 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.
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.
Data and Sources
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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