Telehealth Startup Ro closes $200 million round valued at $1.5 billion

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Ro expects to generate $250 million in revenue in 2020 based on its current run rate, a method of forecasting earnings based on current financial performance. The digital platform has hosted more than 5 million healthcare visits for patients in nearly every county in the U.S. 

29-year-old Reitano was a 2020 Forbes 30 Under 30 honoree in the healthcare category. He was also featured in the Big Money list which highlights founders from across the 20 Under 30 category who have raised more than $15 million. Ro was the highest-funded startup on the list. 

Forbes has pointed out that Ro is now a unicorn, a private company valued at more than $1 billion. According to CB Insights there only about 400 unicorn companies in the world.

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