Carrum Health, a San Francisco, CA-based digital health company connecting employers and employees to Centers of Excellence (COEs) through a technology-powered platform, closed a $40m Series A funding.
The round was led by Tiger Global Management LLC, with participation from GreatPoint Ventures and Cross Creek and return investors Wildcat Venture Partners and SpringRock Ventures.
The company intends to use the funds to expand its offerings to more employers, provide access to additional healthcare services and enhance technology to support its roster of clients and providers.
Founded in 2014 by Sach Jain, CEO and founder, Carrum Health provides a surgery benefits platform (with a digital marketplace, patient app and AI-driven insights) that connects self-insured employers with top providers under standardized bundled payment arrangements to manage healthcare costs. The platform is connected to the Carrum Health mobile app, which provides patients with the tools to manage their own health by guiding them through all aspects of their care journey. Patients also have access to an expert care specialist who assists them throughout the process.
Since its launch in 2014, the company has broadened its COE network with new partners, including Johns Hopkins HealthCare LLC, Mayo Clinic and Tenet Healthcare. Customers include large organizations in retail, manufacturing, communications, insurance, education and government.