US-based collaborative healthcare software provider Iora Health closed a $28m series C round from investors including GE Ventures, the corporate venturing arm of conglomerate General Electric, yesterday.
Rice Management Company, responsible for the $5.5bn endowment fund of Rice University, Khosla Ventures, .406 Ventures, Fidelity Biosciences and Polaris Partners also invested in the round.
Iora previously raised $14m from Fidelity Biosciences, Polaris, .406 Ventures, and Tony Hsieh, chief executive of online retailer Zappos, in a 2013 series B round. It also secured $6.5m from a series A round in 2011 backed by Fidelity Biosciences, Polaris Partners and .406 Ventures, according to a regulatory filing.
The company has developed a collaborative healthcare platform which enables doctors to care for patients using a teleservice. Iora has opened practices in six states to date, and plans to use the new funding to double in size by the end of 2015.