Add-on Acquisition • Internet Software and Services

Clutch Acquires Reciprocity Health

On August 12, 2025, Clutch acquired internet software and services company Reciprocity Health

Acquisition Context

This is Clutch’s 2nd transaction in the Internet Software and Services sector.
This is Clutch’s 3rd transaction in the United States.
This is Clutch’s 1st transaction in Delaware.

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M&A Deal Summary
Date	August 12, 2025
Target	Reciprocity Health
Sector	Internet Software and Services
Buyer(s)	Clutch
Deal Type	Add-on Acquisition

Target Company

Reciprocity Health

Wilmington, Delaware, United States

Reciprocity Health is a healthcare engagement company that uses behavioral science and financial incentives to activate patients and members. Its flagship platform, TheraPay, delivers personalized nudges, gamified engagement, and real-time rewards to help individuals take action on their care plans and health journeys. Reciprocity Health was founded in 2020 and is based in Wilmington, Delaware.

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Buyer Overview 1

Buyer

Clutch

Ambler, Pennsylvania, United States

Category	Company
Founded	2012
Sector	Internet Software and Services

DESCRIPTION

Clutch is a mobile commerce platform and app that unites shopping, loyalty, and gifting. Clutch delivers relevant offers to consumers and targeted customers to merchants. Clutch was founded in 2012 and is based in Ambler, Pennsylvania.

Deal Context for Buyer	#
Overall	3 of 3
Sector: Internet Software and Services	2 of 2
Type: Add-on Acquisition	3 of 3
State: Delaware	1 of 1
Country: United States	3 of 3
Year: 2025	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-01-12	Persio Chicago, Illinois, United States Persio, Inc. is an intelligent mobile marketing platform that uses behavioral and demographic data to drive revenue, acquisition and retention for SMS, app and web. Designed simply and with an intuitive UI, the cloud-based solution efficiently manages the mobile campaign process from start to finish.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2017-01-12

Persio

Chicago, Illinois, United States

Persio, Inc. is an intelligent mobile marketing platform that uses behavioral and demographic data to drive revenue, acquisition and retention for SMS, app and web. Designed simply and with an intuitive UI, the cloud-based solution efficiently manages the mobile campaign process from start to finish.

Buy

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