Axuall Raises $10.4M in Series A Financing


Axuall, a Cleveland, OH-based digital professional identity network that enables healthcare providers to share their authenticated credentials and qualifications in real-time, raised $10.4m in Series A funding.

The round was led by Flare Capital Partners with participation from Intermountain Ventures, University Hospitals Ventures, MedStar Health, Epsilon Health, InHealth Ventures, AV8 Ventures, JumpStart, M25 Ventures, and North Coast Ventures.

The company intends to use the funds to accelerate R&D, implementations, sales, and marketing.

Formed in 2018 and led by CEO Charlie Lougheed, Axuall is a national digital network that enables clinicians, healthcare systems, and primary source institutions to share and manage authenticated credentials in real-time. Built on a provider-centric model, the network enables healthcare systems, staffing firms, telehealth groups, and health plans to leverage a vast array of verified real-time provider data to eliminate information delays in onboarding staff, develop virtual networks with partners, and manage their care delivery networks. The solution was developed and piloted with three major healthcare systems, University Hospitals, MedStar Health, and MetroHealth, and launched commercially in late 2020.