Total amount raised
$654.1 Million
Latest funding date
2025-01-09
Location
Innovaccer has successfully raised significant funding to advance its AI-enabled healthcare solutions. The platform, Innovaccer Gravity™, offers a comprehensive suite of tools designed to improve patient outcomes, enhance market share, and save providers time.
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-driven solutions to improve healthcare outcomes, enhance patient engagement, and reduce administrative burdens for providers. Their AI-enabled cloud platform, Innovaccer Gravity™, is designed to improve patient outcomes, grow market share, and save providers time.
Innovaccer's solutions include data activation, AI-powered assistants, and various industry-specific tools aimed at enhancing healthcare delivery and operational efficiency. The company is recognized for its innovative approach and has received multiple Best-in-KLAS awards.
How Much Funding Has Innovaccer Raised?
- Seed Round
- Amount Raised: USD 2,500,000
- Date: May 2015
- Lead Investors: Peak XV Partners
- Series A
- Amount Raised: USD 15,600,000
- Date: July 2016
- Lead Investors: Peak XV Partners
- Series B
- Amount Raised: USD 25,000,000
- Date: May 2018
- Lead Investors: WestBridge Capital
- Series B
- Amount Raised: USD 11,000,000
- Date: January 2019
- Lead Investors: M12 - Microsoft's Venture Fund
- Series C
- Amount Raised: USD 70,000,000
- Date: February 2020
- Series D
- Amount Raised: USD 105,000,000
- Date: February 2021
- Lead Investors: Tiger Global Management
- Series E
- Amount Raised: USD 150,000,000
- Date: December 2021
- Lead Investors: Mubadala Capital Ventures
- Series F
- Amount Raised: USD 275,000,000
- Date: January 2025
- Secondary Market
- Date: January 2025
In total, Innovaccer has raised USD 654,100,000.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a prominent venture capital firm known for its investments in early-stage technology companies. They have a strong track record of supporting startups through various growth stages.
- Investment Focus Areas: Technology, healthcare, consumer internet
- Notable Investments: Flipkart, Ola, Byju's
- WestBridge Capital
- Details: WestBridge Capital is an investment firm that focuses on high-growth companies in India and South Asia. They provide capital and strategic support to help businesses scale.
- Investment Focus Areas: Technology, financial services, healthcare
- Notable Investments: Nazara Technologies, Vistaar Financial Services, Aptus Value Housing Finance
- M12 - Microsoft's Venture Fund
- Details: M12 is the venture capital arm of Microsoft, investing in early-stage startups that align with Microsoft's strategic interests. They offer both financial backing and access to Microsoft's resources.
- Investment Focus Areas: Artificial intelligence, cloud computing, cybersecurity
- Notable Investments: Livongo, Asana, Innovaccer
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that manages hedge funds and private equity funds. They are known for their investments in technology and internet companies.
- Investment Focus Areas: Technology, consumer internet, software
- Notable Investments: Facebook, LinkedIn, Spotify
- Mubadala Capital Ventures
- Details: Mubadala Capital Ventures is the venture capital arm of Mubadala Investment Company, a sovereign wealth fund of the Government of Abu Dhabi. They invest in innovative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, energy
- Notable Investments: C3.ai, Waymo, Innovaccer
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