Total amount raised
$514 Millions
Latest funding date
12/1/2022
Location
Komodo Health has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company specializes in providing comprehensive patient journey data and advanced software solutions for the healthcare industry.
Keep reading to explore the intricacies of Komodo Health's fundraising journey and the investors backing this innovative platform.
What Is Komodo Health?
Founded in 2014 by Arif Nathoo and Web Sun, Komodo Health is headquartered in San Francisco, California. The company specializes in developing software that leverages artificial intelligence and advanced data science to provide comprehensive patient journey data.
Komodo Health's platform, including products like the Healthcare Map and MapView, aims to enhance decision-making in the healthcare industry by offering precise, de-identified patient-level insights. Their solutions are designed to break down data silos and improve data accuracy.
With a workforce of 501-1000 employees, Komodo Health continues to innovate in the healthcare sector, striving to create a more cost-effective and value-driven healthcare system.
How Much Funding Has Komodo Health Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2015
- 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: Not publicly disclosed
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and further develop the platform.
- Series B
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance data capabilities.
- Series C
- Amount Raised: $50M
- Date: January 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series D
- Amount Raised: $44M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and enhance product offerings.
- Series E
- Amount Raised: $220M
- Date: March 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $3.3B
- Motivation Behind the Round: To build out the technology platform and ensure data integration across multiple platforms.
- Venture Round
- Amount Raised: $200M
- Date: December 2022
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance data analytics capabilities.
Total Amount Raised: $514M. Current Valuation: $3.3B.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm has a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe.
- Coatue
- Details: Coatue is a global technology-focused investment firm managing both public and private equity funds. The firm is known for its data-driven approach to investing.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, DoorDash, ByteDance.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm invests across all stages, from seed to late-stage.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Airbnb, Lyft, Slack.
- ICONIQ Growth
- Details: ICONIQ Growth is a direct investment arm of ICONIQ Capital, focusing on high-growth technology companies. The firm leverages its extensive network to support portfolio companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Snowflake, Datadog, Uber.
- SVB Capital
- Details: SVB Capital is the venture capital and private equity arm of Silicon Valley Bank, specializing in investments in technology and life sciences companies. The firm provides financial services and funding to innovative companies.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Fitbit, Roku, DocuSign.
What's Next for Komodo Health?
Komodo Health stands at the cusp of a transformative era in healthcare analytics. With its recent $220 million Series E funding, the company is poised to accelerate investment in its enterprise technology platform and expand the use of its Healthcare Map™. This comprehensive data asset tracks encounters for over 325 million patients, offering a significant opportunity to partner with life sciences companies, health plans, and patient advocacy groups to close gaps in care and improve patient outcomes.
As Komodo Health continues to grow, future fundraising opportunities seem promising, especially given the involvement of high-profile investors like Tiger Global and Andreessen Horowitz. The company’s focus on leveraging artificial intelligence and advanced data analytics positions it well for further investment rounds and potential strategic acquisitions to enhance its technology platform and data assets.
However, challenges lie ahead. Ensuring the privacy and security of patient data while expanding the Healthcare Map™ is paramount. Additionally, integrating new sources of healthcare insights and maintaining data accuracy will be critical. Competing with other healthcare technology companies and navigating regulatory and compliance requirements will also test Komodo Health’s resilience as it strives to lead the digital transformation in healthcare.
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