Blooming Health Raises $4.2 Million from Crossbeam and Chelsea Clinton’s Metrodora

Nima Roohi

New York-based Blooming Health, which is developing digital technologies to help seniors stay connected with healthcare providers and kin alike, has raised $4.2 million in a seed round. Investors include New York’s Crossbeam Venture Partners, Chelsea Clinton’s investment firm Metrodora, San Francisco-based Afore Capital, and angel investor and DoorDash co-founder Evan Moore.

“Investors who share our vision for a more equitable and compassionate approach to aging-in-place have joined hands with us,” said co-founder and CEO Nima Roohi, a former Bayer executive with a Ph. D in Computational Mechanics.

“But this is more than just financial support. It’s a resounding vote of confidence in our mission. It’s a commitment to transforming the way society ages, providing proactive access to holistic care for older adults in a personalized and equitable way,” added the Iranian native.

Immigrant Founders

Roohi’s two co-founders are Indian immigrants — Kavitha Gnanasambandan, PhD, and Naman Gupta, an electrical engineer. Gnanasambandan, who previously worked at Varian Medical Systems, serves as chief commercial officer, while Gupta, a former WebMD executive, is chief product officer.

Blooming Health said it would start operations in Pennsylvania, Ohio, Indiana, and Michigan, with the goal of reaching 1 million older adults by the end of 2024. It already offers its services in New York, Arizona, Texas and California.

Tapping varied technologies including artificial intelligence, Blooming Health’s platform enables a variety of services, ranging from wellness check-ins, nutrition, transportation and emergency preparedness. “We have seen older adults’ social engagement increase threefold while saving 15 hours per week for our dedicated staff,” Roohi wrote in a note to announce the funding round.

It has collaborations with organizations such as Catholic Charities, Area Agencies for Aging (AAAs), NY State Office for Aging (NYSOFA), Oak Street Health, and the AARP Foundation. The alliances have over the past six months helped it enable access to nearly $10 million worth of services, such as meals and health and wellness, education and recreation, and transportation programs.

Metrodora Focuses on Health
New York-based Crosssbeam Venture Partners was co-founded by general partner Ali Hamed, previously a co-founder of CoVenture. It has raised $70 million from investors, and made 46 portfolio investments. Its recent investments include Infinite Canvas, Chexy, Threecolts, Vend Park and DEN.

Metrodora, the investment firm established by former President Bill Clinton’s daughter Chelsea, raised $20.8 million from 27 investors in its debut fund. It floated a second last year. Run by co-founder and managing partner Caroline Kassie, Metrodora has focused on health startups. Kassie was previously associated with Blockchange Ventures and Beanstalk Ventures.