Evariant, a US-based customer relationship management platform provider backed by cloud computing company Salesforce.com, raised $42.3m in a series C round led by investment bank Goldman Sachs yesterday.
The round also featured private equity firm Health Enterprise Partners and venture capital firm Lightspeed Venture Partners.
Founded in 2008, Evariant operates a platform for health systems to manage patient relationships. The software enables healthcare providers to manage digital marketing campaigns and also provides big data analytics to measure engagement.
The capital will go towards the recruitment of engineering, services and customer success staff to strengthen Evariant’s market share. Jason Kreuziger, vice-president of Goldman Sachs’ merchant banking division, has joined Evariant’s board of directors.
Salesforce participated in Evariant’s $18m series B round in May 2014, alongside non-profit hospital operator Dignity Health, Health Enterprise and Lightspeed, which led the round.
Health Enterprise led Evariant’s $5.3m series A round in 2011, before Evariant secured $2.6m in 2012 to redeem common stock held by co-founders William Moschella and Andrew Grant, according to a regulatory filing.
Evariant obtained an additional $1.5m in debt financing in February 2014, according to another filing.