LeanTaas, a US-based healthcare management software provider backed by management software provider Sedgwick Claims Management Services, has amassed $15m in its series C round.
The round was led by venture capital and private equity firm Insight Venture Partners, which had previously invested $26m in the business back in November 2017.
LeanTaas’s cloud-based platform combines predictive analytics and machine learning to improve the operational performance of health systems by expanding patient access while cutting waiting times and the cost of care provision.
The series C capital will fund the expansion of the company’s iQueue platform, which was designed for use in operating rooms, clinics and infusion centres, and which is undergoing beta trials. LeanTaas also runs a research and development arm named iQueue Labs.
The company raised $9m from four undisclosed investors in mid-2016, according to a securities filing. It had secured $3m in a 2015 round led by Sedgwick, having previously received $750,000 in equity funding in 2010 and $525,000 in convertible note financing in 2012 according to regulatory filings.