Iora Health, a Boston, MA-based primary care provider network, raised $126M in Series F funding round.
India-based Premji Invest, the billion dollar investment group of Wipro Ltd chairman Azim Premji, led the funding round and was joined by existing investors Cox Enterprises, Temasek F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, and Khosla Ventures.
The company intends to use the funds to accelerate growth and refine and optimize their care model.
Led by Rushika Fernandopulle, MD, MPP, CEO and co-founder, Iora Health leverages a model to provide patients with care, which includes office and non-office based encounters (e.g. phone, text messages, and email), a transparent medical record and educational offerings. The company has 48 practices across the U.S. serving thousands of Medicare beneficiaries.