AAA Kyruus catches $30m

Kyruus catches $30m

Kyruus, a US-based healthcare scheduling platform developer backed by corporates Providence St Joseph, Mercy Health, McKesson and Salesforce, picked up $30m in funding from private equity firm Francisco Partners on Wednesday.

Founded in 2010, Kyruus has developed software that enables health systems to match patients with appropriate providers and to schedule appointments.

The funding has been allocated to an expansion of the company’s product offering as well as business growth and entrance into additional market areas. Ezra Perlman, co-president of Francisco Partners, will join its board of directors.

Kyruus said it has now raised more than $155m in total. Healthcare provider Providence St Joseph and enterprise software producer Salesforce took part in its $42m series D round in January this year through respective investment subsidiaries Providence Ventures and Salesforce Ventures.

The series D round was co-led by Venrock and Highland Capital Partners and included unnamed existing backers. Salesforce Ventures injected $4m in October 2018, following $10m from undisclosed investors six months earlier. Healthcare provider Mercy Health had provided $4m in funding in 2017.

Providence St Joseph had already taken part in a $25m series C round for the company in 2015 that also featured McKesson Ventures, the corporate venture capital unit of medical supplier McKesson.

The series C round was led by New Leaf Venture Partners and included Leerink Capital Partners as well as returning investors Venrock, Highland Capital, Lux Capital and F-Prime Capital (then called Fidelity Biosciences).

By Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.

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