Total amount raised
$137 Millions
Latest funding date
07/01/2022
Location
Tebra has successfully raised significant funding over multiple rounds, with its latest Series B round closing on July 7, 2022. The company offers a comprehensive healthcare software platform designed to streamline practice operations, enhance patient care, and improve financial outcomes for healthcare providers.
With the backing of nine investors, including StepStone Group and Toba Capital, Tebra continues to innovate in the healthcare sector. Keep reading to explore the intricacies of Tebra's fundraising journey and the investors supporting this transformative platform.
What Is Tebra?
Tebra, founded in 2021, is a healthcare software company based in Corona Del Mar, California. The company was established by Dan Rodrigues, Luke Kervin, and Travis Schneider.
Operating in the healthcare and medical industry, Tebra employs between 501 and 1000 people. The company provides digital tools and support to independent healthcare practices, aiming to enhance patient care and streamline practice operations.
How Much Funding Has Tebra Raised?
- Series A
- Amount Raised: $65M
- Date: November 2021
- Lead Investors: Golub Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the merger of Kareo and PatientPop, facilitating the integration of their platforms and the development of a comprehensive digital healthcare solution.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: July 2022
- Lead Investors: Golub Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional capital for growth and operational needs.
- Series B
- Amount Raised: $72M
- Date: July 2022
- Lead Investors: StepStone Group, Toba Capital
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To accelerate post-merger plans, grow market share, develop and launch new products, and enhance branding.
Total Amount Raised: $137M. Current Valuation: Over $1 billion.
Key Investors
- Golub Capital
- Details: Golub Capital is a market-leading, award-winning private debt platform with over $45 billion of capital under management. They specialize in delivering reliable, creative, and compelling financing solutions to companies backed by private equity sponsors.
- Investment Focus Areas: Healthcare, software, technology.
- Notable Investments: Supported Tebra's 2021 merger with $65 million in growth funding.
- StepStone Group
- Details: StepStone Group is a global private markets investment firm. They provide customized investment solutions and advisory and data services to some of the most sophisticated investors in the world.
- Investment Focus Areas: Private equity, real estate, infrastructure, private debt.
- Notable Investments: Not publicly disclosed.
- Toba Capital
- Details: Toba Capital is a venture capital firm that invests in enterprise software companies. They focus on building long-term partnerships with entrepreneurs to help them grow their businesses.
- Investment Focus Areas: Enterprise software, technology, healthcare IT.
- Notable Investments: Not publicly disclosed.
- CommonFund
- Details: CommonFund is an institutional investment firm that provides investment management services to nonprofit organizations, pension plans, and other institutional investors.
- Investment Focus Areas: Institutional investments, endowments, foundations.
- Notable Investments: Not publicly disclosed.
- HLM Venture Partners
- Details: HLM Venture Partners is a venture capital firm focused on healthcare. They invest in innovative companies that are transforming the healthcare industry.
- Investment Focus Areas: Healthcare, healthcare IT, medical devices.
- Notable Investments: Not publicly disclosed.
What's Next for Tebra?
As Tebra looks to the future, the opportunities are vast. The company aims to expand its market share, develop new products, and enhance its branding. With over 100,000 providers and 90 million patients already on board, the potential for growth is significant. The healthcare industry is increasingly leaning towards digital solutions, and Tebra is well-positioned to capitalize on this trend by offering comprehensive digital tools for practice management and patient care.
Future fundraising opportunities seem promising, given the company's recent success in securing $72 million in funding. This financial backing will likely attract further investments, enabling Tebra to accelerate its growth and innovation. However, challenges such as integrating the technologies of Kareo and PatientPop, competing with other well-funded companies, and keeping up with rapid technological advancements remain. Despite these hurdles, Tebra's strong foundation and strategic vision suggest a bright future ahead.
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