Total amount raised
$620.5 Millions
Latest funding date
Location
Commure has successfully raised significant funding over multiple rounds, attracting notable investors such as General Catalyst and Greenoaks. The company offers a suite of AI and software solutions designed to enhance healthcare workflows and patient experiences.
Keep reading to explore the intricacies of Commure's fundraising journey and the investors backing this innovative platform.
What Is Commure?
Commure, founded in 2017, is based in Mountain View, California. The company was established by Diede van Lamoen, Eugene Kuznetsov, and Hemant Taneja.
Specializing in AI and software solutions, Commure aims to streamline healthcare workflows and enhance patient experiences. Their offerings include tools for clinical documentation, staff safety, revenue cycle management, and patient engagement.
With a team of 251-500 employees, Commure collaborates with health systems, digital innovators, and payors to build a vibrant health ecosystem.
How Much Funding Has Commure Raised?
- Seed Round
- Amount Raised: $2M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $10M
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $27M
- Date: April 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market reach.
- Venture Round
- Amount Raised: $3.3M
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing product development and market expansion.
- Series D
- Amount Raised: $500M
- Date: September 2021
- Lead Investors: Greenoaks, Human Capital
- Valuation at Round: $3.5B
- Motivation Behind the Round: To unlock healthcare data and allow providers to grow.
- Venture Round
- Amount Raised: $3.8M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and scale operations.
- Venture Round
- Amount Raised: $70M
- Date: October 2023
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and market reach.
- Venture Round
- Amount Raised: $4.5M
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and growth.
Commure has raised a total of $620.6M with a current valuation of $3.5B.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, healthcare, consumer, enterprise.
- Notable Investments: Airbnb, Stripe, Snap.
- Greenoaks
- Details: Greenoaks is a global investment firm that focuses on technology companies. They aim to support long-term growth and innovation.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Robinhood, Discord, Brex.
- Human Capital
- Details: Human Capital is a venture firm that invests in technology-oriented ventures. They focus on companies with the potential to unlock ecosystems and drive significant growth.
- Investment Focus Areas: Technology, innovation, growth-stage companies.
- Notable Investments: Not publicly disclosed.
What's Next for Commure?
Commure stands at the cusp of a transformative era in healthcare, with the potential to revolutionize data interoperability and patient care. The company’s mission to unlock healthcare data and facilitate seamless data transfer between providers positions it to capitalize on the growing digital health market. With a valuation of $3.5 billion and a rapidly expanding client base, the opportunities for growth are immense.
Future fundraising seems promising, given the substantial market potential and the backing of prominent venture firms. However, challenges such as dealing with antiquated healthcare systems and ensuring seamless data interoperability remain. Overcoming these hurdles will be crucial for Commure to fully realize its vision and continue its upward trajectory.
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