Total amount raised
$387M
Latest funding date
2025-12-17
Location
Tebra has raised funding over five rounds, with the latest being a Venture - Series Unknown round. The company is backed by 11 investors, including Hildred Capital and HLM Venture Partners.
What Is Tebra?
Tebra, based in Corona Del Mar, California, operates in the Electronic Health Record (EHR), Health Care, and Medical industries. The company provides independent healthcare practices with digital tools and support to thrive in a new era of healthcare.
With an employee count ranging from 501 to 1000, Tebra offers an all-in-one EHR and practice management platform designed for private medical practices. Their software integrates clinical, billing, scheduling, and reputation management tools to streamline operations and improve patient care.
How Much Funding Has Tebra Raised?
- Series A (Growth Financing)
- Amount Raised: USD 65,000,000
- Date: November 2, 2021
- Lead Investors: Golub Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the merger of Kareo and PatientPop to form Tebra and to help the company grow through multiple growth phases, add-on acquisitions, and new product development.
- Series B (Growth Equity & Debt Financing)
- Amount Raised: USD 72,000,000
- Date: July 7, 2022
- Lead Investors: Golub Capital
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To accelerate Tebra's growth, expand market share, develop and launch new products, and advance the company's branding. The combined round included both growth equity and debt financing components.
- Private Equity & Debt Financing
- Amount Raised: USD 250,000,000
- Date: December 17, 2025
- Lead Investors: Hildred (equity lead); J.P. Morgan (debt facility provider)
- Participants: Toba Capital, Transformation Capital, HLM Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate AI innovation within Tebra's platform, including clinical documentation, revenue cycle management, patient experience, and practice marketing. The round was over-subscribed.
Total Amount Raised: at least USD 387,000,000 based on disclosed funding. Current Valuation: Over $1 billion (as of July 2022; subsequent valuation undisclosed).
Key Investors
- Hildred
- Details: Hildred is a healthcare-focused private equity firm managing over $3.5 billion in assets under management. They led the December 2025 equity round as Tebra's most recent lead investor.
- Investment Focus Areas: Healthcare, digital health technologies, lower middle-market companies.
- Notable Investments: Tebra, Crown Laboratories, Dermavant Sciences.
- J.P. Morgan
- Details: J.P. Morgan is a global financial services firm. They provided the debt facility as part of Tebra's December 2025 financing round.
- Investment Focus Areas: Healthcare, technology, financial services.
- Notable Investments: Not publicly disclosed.
- Golub Capital
- Details: Golub Capital is a market-leading private debt and credit platform with over $90 billion of capital under management. They served as lead investor in both the November 2021 and July 2022 rounds, providing growth financing since 2017.
- Investment Focus Areas: Healthcare, software, technology, business services.
- Notable Investments: Tebra, Mindbody, Paycor.
- Toba Capital
- Details: Toba Capital is a venture capital firm that has participated in multiple Tebra funding rounds, including the 2022 and 2025 rounds.
- Investment Focus Areas: Technology, healthcare, SaaS.
- Notable Investments: Not publicly disclosed.
- HLM Venture Partners
- Details: HLM Venture Partners is a venture capital firm that invests in healthcare technology and services companies. They have participated in multiple Tebra funding rounds.
- Investment Focus Areas: Healthcare technology, digital health, medical devices.
- Notable Investments: Tebra, Phreesia, Nordic Consulting Partners.
What's Next for Tebra?
Tebra stands at the cusp of significant growth opportunities, driven by its recent funding and strategic partnerships. 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 its platform, the potential for growth is immense.
Future fundraising opportunities appear promising, as Tebra's focus on AI innovation and digital healthcare solutions continues to attract investor interest. The company may seek additional capital to support its expansion and product development efforts, ensuring it remains competitive in a rapidly evolving market.
However, Tebra faces challenges such as integrating the products and services of Kareo and PatientPop, competing with other well-funded companies, and navigating regulatory requirements. Addressing these challenges will be crucial for Tebra to maintain its growth trajectory and achieve its long-term goals.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Tebra and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead in the competitive market.
