Total amount raised
$654.1 Millions
Latest funding date
01/01/2025
Location
Innovaccer has developed a suite of AI-enabled healthcare solutions designed to improve patient outcomes and streamline provider operations. The company's platform integrates and analyzes data to create actionable insights, helping healthcare organizations enhance their performance.
Keep reading to explore the intricacies of Innovaccer's fundraising journey and the investors backing this innovative platform.
What Is Innovaccer?
Innovaccer is a healthcare technology company that leverages AI and data activation to improve patient outcomes, enhance provider productivity, and drive consumer engagement. Their solutions include a comprehensive Healthcare Intelligence Cloud, value-based care tools, and AI-powered assistants.
Innovaccer's platform integrates and harmonizes data from various sources to provide actionable insights and improve healthcare delivery. The company has received multiple Best-in-KLAS awards and has a strong focus on customer success and measurable health outcomes.
How Much Funding Has Innovaccer Raised?
- Seed Round
- Amount Raised: $2.5M
- Date: May 2015
- Series A
- Amount Raised: $15.6M
- Date: July 2016
- Lead Investors: Peak XV Partners
- Series B (First Round)
- Amount Raised: $25M
- Date: May 2018
- Lead Investors: WestBridge Capital
- Series B (Second Round)
- Amount Raised: $11M
- Date: January 2019
- Lead Investors: M12 - Microsoft's Venture Fund
- Series C
- Amount Raised: $70M
- Date: February 2020
- Series D
- Amount Raised: $105M
- Date: February 2021
- Lead Investors: Tiger Global Management
- Series E
- Amount Raised: $150M
- Date: December 2021
- Lead Investors: Mubadala Capital Ventures
- Series F
- Amount Raised: $275M
- Date: January 2025
Innovaccer has raised a total of $654.1M across all funding rounds.
Key Investors
- Mubadala Capital Ventures
- Details: Mubadala Capital Ventures is the venture capital arm of Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi. They focus on investing in innovative and high-growth companies globally.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: C3.ai, Waymo, Recursion Pharmaceuticals.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. They are known for their aggressive investment strategy in technology and internet sectors.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Facebook, LinkedIn, Spotify.
- M12 - Microsoft's Venture Fund
- Details: M12 is the venture capital subsidiary of Microsoft, focusing on early-stage investments. They leverage Microsoft's resources to support their portfolio companies.
- Investment Focus Areas: Artificial intelligence, cloud computing, cybersecurity.
- Notable Investments: Livongo, Aqua Security, Innovaccer.
- WestBridge Capital
- Details: WestBridge Capital is a private equity firm that invests in high-growth companies in India and South Asia. They focus on long-term investments and value creation.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Dr. Lal PathLabs, Nazara Technologies, Innovaccer.
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a venture capital firm that invests in early and growth-stage companies in India and Southeast Asia. They are part of the global Sequoia Capital network.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, Zomato, Innovaccer.
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