Health Tech Companies Secure Significant Funding in March
Several major funding announcements were made by health tech companies in March, showcasing the continued growth and investment in the healthcare technology sector. Here are some of the most notable funding rounds:
Navina Raises $55 Million in Series C Funding
Navina, a company based in Israel and New York, has secured $55 million in Series C funding. The company’s AI copilot technology gathers and analyzes patient data from Electronic Health Records (EHRs) and other sources, helping physicians participate in value-based care models. Navina serves over 10,000 healthcare workers across 1,300 clinics. The funding round was led by Growth Equity at Goldman Sachs Alternatives, with participation from Vertex Ventures Israel, Grove Ventures, and ALIVE. The investment will be used to expand Navina’s operations across the U.S. and enhance its AI technology. To date, Navina has raised a total of $100 million.
Proscia Secures $50 Million Funding
Philadelphia-based Proscia, a software company focused on pathology, has raised $50 million. Its Concentriq platform is designed to accelerate drug discovery, development, and diagnostics. The funding round was led by Insight Partners, AI Capital Partners, and Triangle Peak Partners, with participation from several other investors. Proscia plans to use the funding to propel its commercial momentum. The company has now raised a total of $130 million.
Vori Health Raises $53 Million in Series B Funding
Vori Health, based in Nashville, Tennessee, has secured $53 million in Series B funding. The company offers in-person and virtual musculoskeletal care services to employers and health plans, providing access to board-certified physicians, physical therapists, and health coaches. The funding round was led by NEA, with support from several other investors. Vori Health plans to use the investment to deepen its value-based care initiatives, enhance its data analytics capabilities, and improve its technology platform and clinical programs.
Inspiren Raises $35 Million in Series A Funding
New York-based Inspiren, a company supporting senior living communities, has raised $35 million in Series A funding. Inspiren offers care planning and billing services, an emergency call system, and workforce optimization services, using AI to detect fall risks and identify high-risk patients. The funding round was led by Avenir, with participation from Primary Venture Partners, Story Ventures, Third Prime, and Studio VC. The investment will be used to grow Inspiren’s clinical consulting and internal teams and scale its business.
These funding rounds demonstrate the significant investment and growth in the health tech sector, with companies leveraging technology to improve healthcare delivery and outcomes.
