US-based patient communication software developer Luma Health, which counts healthcare provider Texas Medical Center and networking technology provider Cisco among its investors, received $130m in series C funding yesterday.
The round was led by growth equity firm FTV Capital and included unnamed existing investors. It increased the company’s overall funding to $160m.
Luma offers a mobile platform that allows healthcare providers to centralise and automate scheduling and communication with patients. The app helps patients find healthcare services and book and manage their medical appointments, and it is currently used by more than 550 health systems, hospitals, health centres and clinics across the US.
The company raised $16m in an August 2019 round led by growth equity firm PeakSpan Capital that included InHealth Ventures, a venture capital affiliate of medical diagnostics provider InHealth Group, as well as Texas Medical Center, Cisco unit Cisco Investments and VC firm US Venture Partners.
Luma had previously secured $6.3m in a 2018 series A round led by USVP with backing from Stanford-StartX Fund, the investment vehicle of Stanford University-affiliated accelerator StartX, and unnamed existing investors.
Adnan Iqbal, Luma’s co-founder and CEO, said: “With this investment, we will continue to meet the demands of leading healthcare delivery systems nationwide and deliver on our promise to our customers: helping transform the complexities of healthcare into convenient, seamless experiences for their patients.”