Innovaccer Raises $105M in Series D at $1.3 Billion Valuation

Innovaccer Co-founders

Innovaccer Inc., a San Francisco, CA-based healthcare technology company, closed a $105m new round of growth funding at a $1.3 billion post-money valuation.

The round, which brought the total capital raised to date to over $225m, was led by Tiger Global Management with participation from existing investors Steadview Capital, Dragoneer, B Capital Group, Mubadala Capital, and M12 (Microsoft’s Venture Fund), as well as new investor OMERS Growth Equity.

Founded in 2014 and led by Abhinav Shashank, Chief Executive Officer, Sandeep Gupta, Chief Operating Officer, and Kanav Hasija, Chief Customer Officer, Innovaccer procides a Data Activation Platform, which connects healthcare data across a myriad of systems and settings, delivering unified patient records and actionable insights. The company’s platform improves efficiencies for providers, payers, and others across the care ecosystem and helps them deliver whole-person care. 

The platform-as-a-service offering combines the Data Activation Platform and application suite with an extensive set of platform services and tools that allow customers and partners to develop interoperable applications that improve patient engagement and operational performance.

The company’s solutions have been deployed across more than 1,000 locations in the U.S., enabling more than 37,000 providers to work collaboratively with payers, employers, and life sciences companies.

Banner Health, Elevate Health, Physicians of Southwest Washington (PSW), and Ora Oncology are a few of the organizations building the future of connected care on the Innovaccer Health Cloud.