Forward

HealthtechUSA
πŸ’€ Dead / Bankrupt
PeakΒ $1 BillionToday
~-100%
from peak
  1. πŸ¦„
    Became a unicorn
    2023
  2. πŸ“ˆ
    Peak valuation
    $1 Billion ’23
  3. πŸ’”
    Became a Unitard
    Nov 2024
  4. πŸ’Έ
    Last valuation
    Wiped out
πŸ”₯ Raised & burned
$657M
Total raised
$215K/day
Burned Β· 8.4y alive
Funding: TechCrunch/eMarketer
Current status
Shut down (November 2024) after burning through ~$650M; all locations closed

How it happened

Forward was a tech-enabled primary-care startup from ex-Google and Uber executives that raised about $650M, hit a $1B valuation in 2023, and bet heavily on CarePods β€” self-service AI kiosks meant to screen patients in malls. The kiosks drew little interest, and in November 2024 the company abruptly shut down. Glassdoor reviews chronicled the pitch-versus-reality gap: mall sales staff described 50-hour weeks coaxing shoppers toward clinics with barely any foot traffic and locations advertised before they truly existed, while scribes and care coordinators spent years as $17-an-hour contractors with no benefits, raises or reachable manager. By staff accounts the end came as a late-night Tuesday email β€” roughly 200 people locked out without warning, weeks before the holidays.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: Fierce Healthcare / TechStartups / eMarketer (tech-enabled primary-care startup; raised ~$650M VC and hit a ~$1B valuation in a 2023 Series E; CarePods AI kiosks flopped; abruptly shut all clinics and ceased operations Nov 2024)

More from the club

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