Switchboard Health Raises $6.5M to Enhance Specialty Care Network and Software Platform.
Switchboard Health has secured $6.5 million in a series seed round, led by First Trust Capital Partners with participation from Route 66 Ventures, InnovateHealth Ventures, Capital Eleven, and Ikigai Growth Partners. This funding will support the advancement of Switchboard’s software platform and expand its implementation with health plans and value-based care providers.
CEO Derek Baird emphasized that this investment will accelerate their mission to enhance specialty care access, affordability, and patient experience. The financial boost will be directed towards developing Switchboard’s tech-enabled care network and supporting its growing client base.
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Switchboard’s platform aims to offer seamless and modern care options, improving member satisfaction, reducing costs, and providing timely access to care across ten specialties in 12 states. The network simplifies administrative processes for payers, enhancing their network offerings.
Jon Phillips, managing director at First Trust Capital Partners, highlighted the importance of specialty care access for health plans and expressed confidence in Switchboard’s ability to deliver convenient care options that improve cost and quality.
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