How Much Did Tebra Raise? Funding & Key Investors

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.

Keep reading to explore the intricacies of Tebra's fundraising journey and the investors backing this innovative platform.

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?

1. Series A
   • Amount Raised: USD 65,000,000
   • 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 to form Tebra and to help the company grow through multiple growth phases, add-on acquisitions, and new product development.
2. Series B
   • Amount Raised: USD 72,000,000
   • Date: July 2022
   • Lead Investors: Golub Capital
   • Valuation at Round: Over $1 billion
   • Motivation Behind the Round: To accelerate Tebra’s merger plans, expand market share, develop and launch new products, and advance the company's branding.
3. Debt Financing
   • Date: July 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and operational needs.
4. Series Unknown
   • Amount Raised: USD 250,000,000
   • Date: December 2025
   • Lead Investors: Hildred Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate AI innovation within Tebra's platform.
5. Debt Financing
   • Date: December 2025
   • Lead Investors: JP Morgan
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's financial stability and growth initiatives.

Total Amount Raised: USD 387,000,000. Current Valuation: Over $1 billion.

Key Investors

• Hildred Capital
  • Details: Hildred Capital is a private equity firm that focuses on healthcare investments. They have been a lead investor in multiple funding rounds for Tebra.
  • Investment Focus Areas: Healthcare, digital health technologies, pharmaceuticals.
  • Notable Investments: Tebra, Crown Laboratories, Dermavant Sciences.
• JP Morgan
  • Details: JP Morgan is a global financial services firm offering solutions in investment banking, financial services, and asset management. They have invested in Tebra through debt financing.
  • Investment Focus Areas: Healthcare, technology, financial services.
  • Notable Investments: Not publicly disclosed.
• Golub Capital
  • Details: Golub Capital is a market-leading private debt platform with over $45 billion of capital under management. They specialize in providing financing solutions to middle-market companies.
  • Investment Focus Areas: Healthcare, software, technology, business services.
  • Notable Investments: Tebra, Mindbody, Paycor.
• CommonFund
  • Details: CommonFund is an asset management firm that provides investment solutions to institutional investors. They have a diverse portfolio that includes investments in healthcare.
  • Investment Focus Areas: Healthcare, education, technology.
  • 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 been involved in multiple funding rounds for Tebra.
  • 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.

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