US-based medical services platform developer RubiconMD secured $18m yesterday in a series C round featuring healthcare services group Optum and care provider Heritage Provider Network.
Investment firm Deerfield Management Company led the round, which also featured HLM Venture Partners and Waterline Ventures while Optum participated through corporate venture capital subsidiary Optum Ventures. The company said it has now raised $40m altogether.
RubiconMD runs a software platform that enables clinicians to connect to medical specialists in order to access their expertise. It plans to use its data to develop additional products for clinicians, and Deerfield partner Julian Harris is joining its board of directors.
Optum Ventures partner Laura Veroneau, who is already a RubiconMD board member, said: “By removing the barriers to receiving specialty insights in all settings of care, RubiconMD is driving healthcare towards a more accessible, value-based ecosystem.
“RubiconMD has seen remarkable growth and we are thrilled to continue partnering in their work to bring the healthcare industry into the future.”
Optum Ventures and HLM Venture Partners co-led the company’s $13.8m series B round in 2018, which included Heritage Provider Network subsidiary Heritage Medical Systems and fellow healthcare provider Centene Corporation.
Blue Ivy Ventures and existing backers Waterline Ventures, Dioko Health Ventures and Alma Mundi Ventures also contributed to the series B round. RubiconMD’s earlier investors include healthcare software producer Athenahealth, Oxeon Investments and California Health Care Foundation Innovation Fund.
