US-based healthcare data aggregator Truveta secured $95m in series A funding on Tuesday from a range of health systems.
Participants in the round featured all Truveta’s founding members, including Providence, Advocate Aurora Health, Trinity Health, Tenet Healthcare, Northwell Health, AdventHealth, Baptist Health of Northeast Florida, Baylor Scott & White Health, Bon Secours Mercy Health and CommonSpirit Health.
Hawaii Pacific Health, Henry Ford Health System, Medstar Health, Memorial Hermann Health System, Novant Health, Sentara Healthcare and Texas Health Resources filled out the founding investors. They were joined in the round by three new members: Baylor Scott & White Health, MedStar Health and Texas Health Resources.
Founded in 2020 by the 17 founding members, Truveta has built a software platform which analyses clinical health data to help healthcare providers and life sciences researchers accelerate therapy development.
The funding will be allocated to increasing headcount and strengthening the startup’s infrastructure and cloud computing capabilities.
Truveta chief executive Terry Myerson said: “We are building an unprecedented data platform and learning community for health. Our members’ data commitment, clinical expertise and strategic capital will help us achieve our vision. We invite others to join us.”
