Parachute Health Overview

  • Founded
  • 2015
  • Status
  • Private
  • Employees
  • 41
  • Latest Deal Type
  • Debt - PPP
  • Investors
  • 10

Parachute Health General Information


Developer of a DME supply ordering platform designed 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.

Contact Information

Formerly Known As
Wellzilla, LLC
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Healthcare Technology Systems
Other Industries
Medical Supplies
Primary Office
  • 100 Overlook Center, 2nd Floor
  • Princeton, NJ 08540
  • United States

Parachute Health Timeline

Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Parachute Health Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Debt - PPP 28-Apr-2020 0000 Completed Generating Revenue
3. Early Stage VC 19-Jul-2019 0000 Completed Generating Revenue
2. Early Stage VC (Series B) 04-Jun-2018 $9.5M $15M Completed Generating Revenue
1. Seed Round 16-Mar-2018 $5.5M $5.5M Completed Generating Revenue
To view Parachute Health’s complete valuation and funding history, request access »

Parachute Health Executive Team (8)

Name Title Board Seat Contact Info
David Gelbard Founder, Board Member & Chief Executive Officer
Matthew Pestritto Chief Technology Officer
Barbara Green Advisor
Fred Browne Advisor
Jeffrey Schwartz Advisor
You’re viewing 5 of 8 executive team members. Get the full list »

Parachute Health Board Members (7)

Name Representing Role Since
Anthony Welters JD Self Advisor & Board Member 000 0000
David Gelbard Parachute Health Founder, Board Member & Chief Executive Officer 000 0000
Lee Perlman GNYHA Ventures Advisor & Board Member 000 0000
Peter Segall Insight Partners Board Member 000 0000
Robert Machinist Parachute Health Board Member 000 0000
You’re viewing 5 of 7 board members. Get the full list »

Parachute Health Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Parachute Health Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Alumni Ventures Group Venture Capital Minority 000 0000 000000 0
Chestnut Street Ventures Venture Capital Minority 000 0000 000000 0
Insight Partners Growth/Expansion Minority 000 0000 000000 0
Robert Chefitz Angel (individual) Minority 000 0000 000000 0
Anthony Welters Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 10 investors. Get the full list »