[Funding alert] Healthtech startup Innovaccer raises $70M in Series C round from Steadview Capital, Tiger Global, others
Healthtech startup Innovaccer has raised $70 million in a Series C funding round from Steadview Capital, Tiger Global, Dragoneer, Westbridge Capital, Mubadala, and M12 (Microsoft’s venture fund) bringing the total capital raised by the firm so far to $120 million. Innovaccer will use the funds to improve existing processes that digitise healthcare for providers, payers and patients by strengthening its data activation platform. Through 200-plus pre-built connectors, Innovaccer has streamlined data from health plans, primary care providers, pharmacies, labs and hospitals, and made it available to more than 25,000 providers. It is really important to make patient data seamlessly available to all providers along the patient’s care journey,” said Abhinav. By using the connected care framework, Innovaccer claims to have unified 3.8 million patient records and generated more than $400 million in savings, the startup stated.