Check out today’s featured companies who have recently raised a round of funding, and be sure to check out the full list of past healthcare IT fundings.
Karoo Health Announces Oversubscribed $16.2 Million Series A Co-Led by 7wire Ventures and Allumia Ventures
Proceeds Will Be Used to Advance the Company’s AI-Native Cardiovascular Platform and Expand Partnerships with Health Plans and Cardiology Practices Nationwide
Karoo Health, a cardiovascular technology company building an operating system supporting cardiac care, today announced the closing of a $16.2 million Series A financing round co-led by 7wire Ventures and Allumia Ventures, with participation from First Trust Capital Partners, LLC, SpringRock Ventures, Hyde Park Angels (HPA), and other marquee investors.
As part of the financing, Lee Shapiro, Managing Partner at 7wire Ventures, and Jeff Stolte, Managing Partner at Allumia Ventures, will join Karoo’s Board of Directors.
Karoo is building an operating system for cardiovascular care, a technology platform designed to connect payers, providers, and patients through a unified data and workflow layer that supports earlier risk detection, care coordination, and overall improved cardiovascular disease outcomes.
The company’s mission is to free people from the pain of cardiovascular disease at scale through earlier detection, improved coordination, and data-driven care delivery.
“We’re at a seminal moment in our country’s fight against cardiovascular disease,” said Karoo Health CEO and Co-Founder, Ian Koons…
Full release here, originally announced July 21st, 2026.
Candid Health Raises $120M Led by Sixth Street Growth to Fuel Autonomous Revenue Cycle Management in Healthcare
The Series D Fundraising Round Triples Candid’s 2025 Valuation, as the Company Grows ARR by 190% Year-Over-Year
Candid Health, the autonomous RCM platform, today announced that it has raised $120M in Series D funding led by Sixth Street Growth, the dedicated growth investing platform of Sixth Street, with participation from Oak HC/FT, 8VC, and Y Combinator. This funding marks a 3X increase in valuation over Candid’s Series C fundraise in February 2025, which was led by Oak HC/FT.
Candid Health exists to automate the financial infrastructure of American healthcare. The company is focused on removing inefficiency and waste from the $280 billion spent annually on healthcare revenue cycle management (RCM), the complex processes by which healthcare providers get reimbursed for services they provide to patients.
Healthcare providers have grown to unprecedented scale, and the legacy systems running billing cannot keep up with today’s complexity. Modern technology, including artificial intelligence, holds promise to finally rein in billing spend and lost collections. But layering AI on broken systems only creates new problems.
Today, Candid Health serves as the financial system of record and core RCM platform for hundreds of leading U.S. healthcare providers across dozens of medical specialties, including some of the largest, most complex, and fastest-growing provider organizations in the country.
“Candid powers the financial infrastructure for many of the most important and innovative healthcare organizations in the United States,” said Nick Perry, Candid Health Co-Founder and CEO…
Full release here, originally announced July 22nd, 2026.
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