How Much Did Healthie Raise? Funding & Key Investors

Healthie has successfully raised $23 million in a Series B funding round, with participation from Birchmere Ventures and other investors. The platform offers a comprehensive suite of tools for health and wellness providers, including cloud-based EHR, practice management, and patient engagement features.

Keep reading to explore the intricacies of Healthie's fundraising journey and the investors backing this innovative platform.

What Is Healthie?

Healthie, founded on January 20, 2016, is based in New York, New York. The company was established by Cavan Klinsky and Erica Jain. It operates within the Electronic Health Record (EHR), enterprise software, health care, nutrition, software, and wellness industries.

With a team of 101-250 employees, Healthie offers a robust infrastructure for digital health organizations, providing an API-first EHR and client engagement platform. Their solutions cater to various verticals, including behavioral health, women's health, pediatrics, caregiving, and health coaching.

How Much Funding Has Healthie Raised?

1. Pre-Seed Round
   • Amount Raised: $120,000
   • Date: March 2016
   • Lead Investors: Techstars
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of Healthie's platform and establish a foundation for future growth.
2. Seed Round
   • Amount Raised: $1,800,000
   • Date: January 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and expand initial market presence.
3. Series A
   • Amount Raised: $16,000,000
   • Date: July 2019
   • Lead Investors: Velvet Sea Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the platform's capabilities to meet growing demand.
4. Series B
   • Amount Raised: $23,000,000
   • Date: October 2024
   • Lead Investors: TCV
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product innovation, expand the API-first platform, and introduce AI-powered solutions.

Total Amount Raised: $40,920,000. Current Valuation: Not publicly disclosed.

Key Investors

• TCV
  • Details: TCV is a leading growth equity firm that invests in technology companies. They led Healthie's Series B funding round with a $23 million investment.
  • Investment Focus Areas: Digital health innovation, technology infrastructure, healthcare.
  • Notable Investments: Healthie, Netflix, Spotify.
• Velvet Sea Ventures
  • Details: Velvet Sea Ventures is a venture capital firm that supports innovative companies in their growth stages. They participated in Healthie's Series B funding round.
  • Investment Focus Areas: Technology, healthcare, consumer products.
  • Notable Investments: Healthie, Scopely, Liquid Death.
• Techstars
  • Details: Techstars is a global platform for investment and innovation. They were a key investor in Healthie's pre-seed round.
  • Investment Focus Areas: Startups, technology, innovation.
  • Notable Investments: Healthie, SendGrid, DigitalOcean.
• Birchmere Ventures
  • Details: Birchmere Ventures is a venture capital firm that invests in early-stage technology companies. They participated in Healthie's Series B funding round.
  • Investment Focus Areas: Technology, healthcare, enterprise software.
  • Notable Investments: Healthie, ModCloth, NoWait.
• Greymatter Capital
  • Details: Greymatter Capital is a venture capital firm focused on investing in innovative technology companies. They participated in Healthie's Series B funding round.
  • Investment Focus Areas: Technology, healthcare, AI.
  • Notable Investments: Healthie, Notion, Airtable.

What's Next for Healthie?

Healthie stands at the cusp of significant growth, driven by the expansion of its API-first platform and the introduction of AI-powered solutions. With a market presence that has tripled since 2022, the company supports over 25,000 clinicians and handles over 1 billion API calls monthly. This robust infrastructure positions Healthie to capitalize on the increasing demand for virtual-first, continuous, and collaborative care.

Future fundraising opportunities appear promising, as the company continues to innovate and expand its platform. The successful Series B round, led by TCV, underscores investor confidence and sets the stage for potential future rounds to support ongoing development and market expansion. However, Healthie must navigate challenges such as maintaining data security and compliance, adapting to rapid technological advancements, and competing with established EHR systems.

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