Total amount raised
$183.3 Million
Latest funding date
09/01/2022
Location
Kyruus has successfully raised significant funding over multiple rounds, establishing itself as a key player in the healthcare technology sector. The company's platform is designed to enhance care access, streamline workflows, and improve patient engagement.
Keep reading to explore the intricacies of Kyruus's fundraising journey and the investors backing this innovative platform.
What Is Kyruus?
Kyruus Health is a healthcare technology company that provides a care access platform designed to improve healthcare experiences by connecting various stakeholders across the care continuum. The platform aims to unite data, engage consumers, extend reach, and improve experiences for patients, providers, and payers.
The company emphasizes its commitment to improving access to care, informing care decisions, increasing transparency, and streamlining workflows. Kyruus Health serves health systems, hospitals, medical groups, and health plans, offering solutions that drive efficiencies, support business growth, and enhance operational efficiency.
How Much Funding Has Kyruus Raised?
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2012
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop the initial platform.
- Series B
- Amount Raised: $11M
- Date: January 2013
- Lead Investors: Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Private Equity Round
- Amount Raised: $11.3M
- Date: May 2014
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market presence.
- Series C
- Amount Raised: $25M
- Date: September 2015
- Lead Investors: New Leaf Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase customer acquisition.
- Series C
- Amount Raised: $4M
- Date: February 2017
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and support ongoing growth.
- Corporate Round
- Amount Raised: $10M
- Date: April 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand market reach.
- Corporate Round
- Amount Raised: $4M
- Date: October 2018
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Salesforce's expertise and expand the platform's capabilities.
- Series D
- Amount Raised: $42M
- Date: January 2020
- Lead Investors: Highland Capital Partners, Venrock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the platform's reach.
- Private Equity Round
- Amount Raised: $30M
- Date: June 2020
- Lead Investors: Francisco Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support healthcare organizations during the COVID-19 pandemic and expand the platform.
- Venture Round
- Amount Raised: $35.1M
- Date: September 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhance technological capabilities.
Total Amount Raised: $172.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Francisco Partners
- Details: Francisco Partners is a leading global private equity firm specializing in technology and technology-enabled businesses. They have raised over $24 billion in committed capital and invested in more than 285 technology companies.
- Investment Focus Areas: Technology, healthcare IT, technology-enabled businesses
- Notable Investments: Not specified
- Venrock
- Details: Venrock is a venture capital firm with a focus on technology and healthcare investments. They have a long history of backing innovative companies in these sectors.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Apple, Intel, Gilead Sciences
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in seed, early, and growth-stage companies. They focus on various sectors, including healthcare and technology.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: 2U, Inc., Rent the Runway
- Providence Ventures
- Details: Providence Ventures is the investment arm of Providence St. Joseph Health, focusing on healthcare technology and services. They aim to drive innovation in the healthcare sector.
- Investment Focus Areas: Healthcare technology, healthcare services
- Notable Investments: Not specified
- athenahealth
- Details: athenahealth is a healthcare technology company providing network-enabled services for healthcare providers. They focus on improving healthcare delivery through technology.
- Investment Focus Areas: Healthcare technology, network-enabled services
- Notable Investments: Not specified
What's Next for Kyruus?
Kyruus stands at the cusp of significant growth opportunities, driven by its robust platform and strategic investments. With a recent $30 million investment from Francisco Partners, the company is poised to expand its footprint across health systems and new market segments. This funding, coupled with previous rounds, positions Kyruus to enhance patient access and care coordination, serving over 600 hospitals and a quarter of a million healthcare providers.
Future fundraising opportunities appear promising as Kyruus continues to innovate and scale its platform. The company may attract additional investments from private equity firms and healthcare-focused investors, further bolstering its market reach and technological capabilities. Strategic partnerships could also play a crucial role in this expansion.
However, Kyruus faces challenges such as navigating the competitive healthcare IT landscape and ensuring seamless integration with various Electronic Health Records (EHR) systems. Addressing data privacy and security concerns, along with adapting to evolving healthcare regulations, will be critical for sustained success. Despite these hurdles, Kyruus is well-positioned to capitalize on industry trends and drive future growth.
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