Sift Healthcare Raises $20M Series B for AI Payment Solutions | StartUp Health Insights: Week of May 14, 2024
Sift's $20M Series B underscores the growing confidence in AI-powered solutions to improve the healthcare revenue cycle. Led by B Capital, the new investment will accelerate growth as the StartUp Health company further innovates its AI solutions and scales to support market demand.
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Sift Healthcare, a Milwaukee, WI-based leading innovator in AI-powered healthcare payment solutions and a member of the StartUp Health community since 2018, raised $20M led by B Capital, with participation from Allos Ventures, First Trust Capital Partners, and Rock River Capital. <source>
Other reported health innovation funding this week included:
Chapter, a New York, NY-based Medicare navigation company, raised $50M led by XYZ Venture Capital, with participation from Addition, Narya Capital, Susa Ventures, and Maverick Ventures. <source>
Rad AI, a San Francisco, CA-based startup that helps radiologists save time on report generation, raised $50M led by Khosla Ventures, with participation from World Innovation Lab, ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google’s AI-focused fund). <source>
SmarterDx, a New York, NY-based company which specializes in clinical AI for revenue integrity and care quality, raised $50M led by Transformation Capital, with participation from Bessemer Venture Partners, Flare Capital Partners, and Floodgate Fund. <source>
Triomics, a San Francisco, CA-based startup using GenAi to streamline workflows for cancer centers, raised $15M led by Y Combinator, Lightspeed, General Catalyst, and Nexus Venture Partners. <source>
Backpack Healthcare, an Elkridge, MD-based online pediatric mental healthcare provider, raised $14M led by PACE Healthcare Capital, with participation from ECMC, Techstars, Collab Capital, Bridge Builders Collaborative, Portland Seed Fund, Hopelab, Rethink Education, Genius Guild, Unlikely Collaborators, and angel investors. <source>
inHEART, a Pessac, France-based medical device company, raised $11M led by Vesalius Biocapital IV, and co-led by Elaia Partners, with participation from NACO, Sagana, Sofia Angel Ventures, CWR Funds, and Webit Investment Network. <source>
Ciba Health, a New York, NY-based digital health company that aims to prevent and reverse chronic diseases through root-cause treatment, raised $10M led by DigiTx Partners, with participation from E12 Ventures, 3CC Capital, Plug and Play Ventures and angel investors. <source>
Remepy, a Ramat Gan, Israel-based developer of digital-drug combinations, raised $10M led by NFX, with participation from Vine Ventures, PsyMed Ventures, Supernode Ventures, and Firstime Ventures. <source>
Acclinate, a Birmingham, AL-based company that specializes in mobilizing diverse communities for enhanced health equity, raised $7M led by Cencora Ventures, with participation from Labcorp and Latimer Ventures. <source>
Switchboard Health, a Boise, ID-based creator of a high-value specialty care network and software platform, raised $6.5M led by First Trust Capital Partners, with participation from Route 66 Ventures, InnovateHealth Ventures, Capital Eleven, and Ikigai Growth Partners. <source>
Testmate, a Lausanne, Switzerland-based company that specializes in at-home testing solutions, raised $6M led by RH Capital, with participation from The Helm, Zürcher Kantonal Bank, Amboy Street Ventures, Lichtsteiner Foundation, and Dartlabs.io. <source>
In-House Health, a Denver, CO-based developer of an AI-enabled scheduling platform for nursing teams, raised $4M led by NEA and TMV, with participation from Vine Ventures and Longevity Venture Partners. <source>
Crosby Health, a New York, NY-based healthtech company using proprietary AI to automate administrative tasks, raised $2.2M led by Amplo Ventures, with participation from NOMO Ventures and angel investors. <source>
Axmed, a Basel, Switzerland-based B2B healthtech marketplace platform that optimizes the procurement process for healthcare providers in emerging and growth markets, raised $2M led by Founderful. <source>
DoorSpace, a Houston, TX-based cloud platform that helps healthcare professionals manage personnel, administration monitoring, and organization systems, raised $2M from undisclosed investors. <source>
Dandi, a maker of an at-home IVF kit and a virtual care platform for fertility, raised $1.3M led by Tiferes Ventures, with participation from Ruttenberg Gordon Investments, Winklevoss Capital, and the WeWork Alumni Fund. <source>
Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.
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