Kyruus, the US-based creator of a healthcare scheduling platform, has received $42m in a series D round featuring care provider Providence St Joseph and enterprise software producer Salesforce.
Venture capital firms Venrock and Highland Capital Partners co-led the round. The corporates were the only two named out of a consortium of existing backers that also took part, investing through Providence Ventures and Salesforce Ventures respectively.
Founded in 2010, Kyruus has created software that helps health systems manage data and match patients with specific care providers to help manage their needs. It will put the funding toward strengthening its core platform.
The company has now received approximately $116m altogether, most recently securing $4m from Salesforce Ventures in October 2018. It received $10m from undisclosed investors in April 2018 and $4m from healthcare provider Mercy Health the previous year.
Providence St Joseph and McKesson Ventures both took part in Kyruus’ $25m series C round in 2015. The round was led by New Leaf Venture Partners and included Leerink Capital Partners and existing investors Venrock, Highland Capital, Lux Capital and F-Prime Capital (then known as Fidelity Biosciences).
Aaron Martin, managing general partner of Providence Ventures, said: “To compete effectively with both traditional and new care options and collaborate with emerging digital platforms, health systems need to be digital transaction-ready.
“Providing consumers with a modern and accurate provider search experience is core to these efforts, making the Kyruus platform a critical part of a health system’s digital stack.”
