Bicycle Health is a technology company.
Bicycle Health has raised $99.0M across 4 funding rounds.
Bicycle Health has raised $99.0M in total across 4 funding rounds.
Bicycle Health has raised $99.0M in total across 4 funding rounds.
Bicycle Health's investors include M13, Questa Capital, SignalFire, Sound Ventures, Threshold Ventures, Broadway Angels, Firework Ventures, Freestyle Capital, ICONIQ Capital, Lightspeed Venture Partners, Ulu Ventures, Pau Gasol.
Bicycle Health is a Boston-based telemedicine company founded in 2017 that provides virtual, evidence-based treatment for opioid use disorder (OUD), combining medication-assisted treatment (MAT) like Suboxone (buprenorphine) with behavioral health, therapy, support groups, drug screening, and care coordination via a single app.[1][2][3] It serves patients nationwide, primarily those with OUD seeking accessible recovery from home, addressing barriers like stigma, limited clinic access, and high costs by offering affordable care covered by major insurers for nearly 120 million lives across 32 states.[3][6] The company solves the opioid crisis by delivering high retention (80% at 90 days vs. industry 44%) and low falsification rates (<3% vs. 5-18%), having served over 32,000 patients with strong growth, including 30% month-over-month during the pandemic and $83 million in total funding.[1][2][3]
Bicycle Health was founded in 2017 by Ankit Gupta in Redwood City, California, starting as a single physical clinic after Gupta witnessed gaps in traditional OUD treatment systems, such as inaccessible doctors, fragmented insurance, and addiction stigma.[2][3][4] The idea emerged from recognizing technology's potential to scale empathetic, person-to-person care; during the COVID-19 pandemic in 2020, it pivoted to a virtual platform, enabling rapid expansion.[1][2][3] Early traction included a May 2020 seed round led by SignalFire, followed by a $27 million Series A in June 2021 from Questa Capital and others, and a $50 million Series B in June 2022 led by InterAlpen Partners, fueling clinician network growth, payer partnerships, and community outreach amid 30% monthly growth.[1][2]
Bicycle Health rides the telehealth boom accelerated by COVID-19, capitalizing on regulatory flexibilities for virtual MAT (e.g., buprenorphine prescribing) to democratize OUD care amid a U.S. opioid epidemic killing tens of thousands yearly.[1][2][3] Timing aligns with rising demand—2 million+ with OUD, underserved by traditional clinics—fueled by insurer adoption, HIPAA tech advancements, and destigmatization efforts.[3][5][6] Market forces like payer contracts (120M lives), proprietary tools (e.g., pharmacy crowdsourcing, UDS), and research validate its model, influencing ecosystem by setting standards for virtual addiction care, partnering locally, and proving tech scales high-quality outcomes where clinics fall short.[1][3]
Bicycle Health is poised to expand as the leading virtual OUD provider, leveraging its $83M funding for more states, payers, and research to serve millions amid persistent opioid trends and telehealth normalization.[1][2][3] Upcoming shifts include AI-enhanced monitoring, broader MAT options, and integration with mental health platforms, potentially evolving influence toward preventive ecosystem roles like employer/insurer partnerships. With best-in-class retention and app-driven scale, it exemplifies how tech bridges addiction treatment gaps, rebuilding lives one virtual visit at a time.[3][6]
Bicycle Health has raised $99.0M across 4 funding rounds. Most recently, it raised $17.0M Venture Round in January 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2025 | $17.0M Venture Round | M13, Questa Capital, SignalFire, Sound Ventures, Threshold Ventures | |
| May 1, 2022 | $50.0M Series B | Questa Capital, SignalFire, Threshold Ventures | |
| Jun 1, 2021 | $27.0M Series A | Broadway Angels, Firework Ventures, Freestyle Capital, ICONIQ Capital, Lightspeed Venture Partners, M13, Questa Capital, SignalFire, Sound Ventures, Threshold Ventures, Ulu Ventures, Pau Gasol | |
| May 1, 2020 | $5.0M Venture Round | M13, SignalFire, Sound Ventures |