US-based healthcare services management platform Healthify has attracted $16m in a series B round backed by BlueCross BlueShield Venture Partners (BCBSVP), a corporate venturing vehicle representing 33 health insurance providers.
The round was led by biotech and healthcare-focused venture capital firm SV Health Investors and also included unspecified existing investors.
Founded in 2013, Healthify markets a platform that connects the infrastructure of multiple healthcare providers, insurers and social services to ensure local medical provision is tailored to social determinants of health, like access to food or housing.
The product can be used to coordinate patient referrals across multiple care providers, monitor changes in each patient’s social situation and evaluate the success of each medical intervention.
Healthify will use the capital to try and win contracts with more healthcare and social services clients. Michael Balmuth and Carl Culicchia, managing partner and vice-president at SV Health Investors respectively, have joined the board of directors.
The company has now raised more than $28m in equity and grant funding, it said.
BCBSVP led its $6.5m series A round in mid-2017 with the backing of VC firms Primary Venture Partners and Activate Venture Partners, both of which also backed a $2.5m seed round for Healthify that closed the previous year.
Medical insurance provider Blue Cross and Blue Shield of Kansas took part in the seed round, as did nonprofit impact fund Acumen, VC firm Milestone Venture Partners and Kapor Capital, the investment arm of Kapor Center for Social Impact.