Total amount raised
$177.2 Millions
Latest funding date
4/1/2022
Location
NexHealth has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of tools designed to enhance patient experience and streamline administrative tasks for healthcare providers.
Keep reading to explore the intricacies of NexHealth's fundraising journey and the investors backing this innovative platform.
What Is NexHealth?
Founded in 2016 by Alamin Uddin and Waleed Asif, NexHealth is based in San Francisco, California. The company offers a comprehensive patient experience platform designed to streamline healthcare operations.
NexHealth's platform includes features such as real-time online booking, automated appointment reminders, secure payments, and more. These tools aim to enhance patient satisfaction and improve administrative efficiency for healthcare providers.
With a team of 101-250 employees, NexHealth continues to innovate in the healthcare technology space, connecting patients, doctors, and developers through its integrated solutions.
How Much Funding Has NexHealth Raised?
- Pre-Seed Round
- Amount Raised: $20K
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform.
- Pre-Seed Round
- Amount Raised: $391K
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial operations.
- Seed Round
- Amount Raised: $1.2M
- Date: January 2017
- Lead Investors: DeNA, iSeed Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Seed Round
- Amount Raised: $391K
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and enhance features.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the team and improve platform capabilities.
- Seed Round
- Amount Raised: $4.2M
- Date: September 2019
- Lead Investors: Point Nine
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive adoption among small- and medium-sized practices and amass health records.
- Series A
- Amount Raised: $15M
- Date: June 2020
- Lead Investors: Buckley Ventures, Josh Buckley
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of the company's data-sharing infrastructure.
- Series B
- Amount Raised: $31M
- Date: June 2021
- Lead Investors: Buckley Ventures, Jeffrey Katzenberg, Josh Buckley
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive adoption among small- and medium-sized practices and amass health records.
- Series C
- Amount Raised: $125M
- Date: April 2022
- Lead Investors: Buckley Ventures
- Valuation at Round: $1 billion
- Motivation Behind the Round: To expand the company's workforce, commercialize its product for developers, and bypass traditional healthcare data standards with a simpler, cheaper alternative.
Total Amount Raised: $197.2M. Current Valuation: $1 billion.
Key Investors
- Buckley Ventures
- Details: Founded by tech entrepreneur Josh Buckley, Buckley Ventures is a venture capital firm that led NexHealth's Series C funding round.
- Investment Focus Areas: Technology, healthcare innovation, data infrastructure.
- Notable Investments: NexHealth.
- Lachy Groom
- Details: An early hire at Stripe, Lachy Groom is an individual investor known for his involvement in fintech and technology startups.
- Investment Focus Areas: Fintech, technology startups, innovative solutions.
- Notable Investments: Stripe, NexHealth.
- Jack Altman
- Details: Jack Altman is a notable investor who participated in NexHealth's Series C funding round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Scott Belsky
- Details: Scott Belsky is a prominent investor who took part in NexHealth's Series C funding round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Shreyas Doshi
- Details: Shreyas Doshi, an early hire at Stripe, is an individual investor with a focus on fintech and technology startups.
- Investment Focus Areas: Fintech, technology startups, innovative solutions.
- Notable Investments: Stripe, NexHealth.
What's Next for NexHealth?
NexHealth stands at the cusp of significant growth opportunities. With a $125 million Series C funding round, the company is poised to expand its digital health solutions, including one-click appointment bookings and HIPAA-compliant messaging. The healthcare sector's increasing demand for seamless patient experiences and digital solutions presents a vast market for NexHealth to tap into.
Future fundraising seems likely as NexHealth continues to scale its operations and innovate. However, the company will need to navigate challenges such as competition from other healthtech firms and ensuring data security. Maintaining service quality while rapidly expanding will be crucial for sustained success.
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