Abacus Insights Raises $28M in Series C Financing


Abacus Insights, a Boston, MA-based provider of data management and interoperability solutions for healthcare payors, raised $28m in Series C funding.

The round, which brought brings total venture backing to $81m, was led by new investor MultiPlan Corporation (NYSE:MPLN), which was joined by returning investors Blue Venture Fund, CRV, .406 Ventures, Horizon Healthcare Services Inc., and Echo Health Ventures.

The company intends to use the funds to continue o scale the business, accelerate the capabilities and connections of its technology platform, and add to its roster of technology talent.

Led by Dr. Minal Patel, founder and CEO, Abacus Insights provides a technology platform that enables healthcare payors to achieve and accelerate initiatives across their core priority areas, including value-based care, member engagement and digital transformation.

Today, the company with its health plan clients manage data for more than 21 million unique members and 15 million consumers.