US-based mobile healthcare platform developer Pager raked in $70m yesterday in a series C round led by quantitative trading firm Susquehanna International Group’s Susquehanna Private Equity Investments affiliate.
Healthcare provider Horizon Healthcare Services also participated in the round, which included an undisclosed amount of debt financing provided by Silicon Valley Bank.
Pager’s mobile app uses artificial intelligence to help patients communicate with care providers by text, voice or video chat through a single interface. The funding will be used to grow its capacity and expand across regions including the US and Latin America.
The company had previously raised $33m in a March 2020 equity and debt round led by Health Catalyst Capital that also featured health insurance provider Horizon Blue Cross Blue Shield of New Jersey, Goodwater Capital, New Enterprise Associates and Lux Capital.
Horizon Healthcare Services also led a round of undisclosed size for Pager in 2018 that included insurance firm Grupo Sura’s Vero Norte investment vehicle, Lux Capital, Goodwater Capital and New Enterprise Associates.
The 2018 round came after approximately $29.6m in funding from investors including Summation Health Ventures, the firm formed by healthcare providers MemorialCare and Cedars-Sinai Medical Center, as well as Sound Ventures and Montage Ventures.
