Total amount raised
$95.3 Millions
Latest funding date
August, 2022
Location
Qventus has successfully raised significant funding over multiple rounds, with its latest being a Series D round. The company specializes in AI-driven automation solutions to optimize healthcare operations.
Keep reading to explore the intricacies of Qventus' fundraising journey and the investors backing this innovative platform.
What Is Qventus?
Qventus, founded in 2012, is based in Mountain View, California. The company was established by Brent Newhouse, Ian Christopher, and Mudit Garg.
Qventus specializes in AI-driven automation solutions designed to optimize healthcare operations. Their platform aims to enhance operational efficiency by reducing staff workloads and optimizing resource utilization.
With a team of 101-250 employees, Qventus focuses on helping healthcare organizations unlock capacity and drive revenue through intelligent process automation.
How Much Funding Has Qventus Raised?
- Series A
- Amount Raised: $13M
- Date: November 2016
- Lead Investors: Mayfield Fund, Norwest Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the AI-driven platform.
- Series B
- Amount Raised: $30M
- Date: May 2018
- Lead Investors: Bessemer Venture Partners, New York Presbyterian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and develop new AI solutions.
- Private Equity Round
- Amount Raised: $50M
- Date: February 2022
- Lead Investors: Premier Inc, THL
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Corporate Round
- Amount Raised: $3M
- Date: August 2022
- Lead Investors: ThedaCare
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen partnerships and integrate new technologies.
- Series D
- Amount Raised: $85M
- Date: January 2025
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: $400M+
- Motivation Behind the Round: To expand AI solutions into new care settings and enhance existing capabilities.
- Debt Financing
- Amount Raised: $20M
- Date: January 2025
- Lead Investors: Not applicable
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional capital for growth acceleration.
Total Amount Raised: $201M. Current Valuation: $400M+.
Key Investors
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. Founded in 1976, KKR has a long history of investing in and growing companies across various sectors.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit.
- Notable Investments: ByteDance, Epic Games, GoDaddy.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies. With a history dating back to 1911, Bessemer has a strong track record of supporting innovative companies.
- Investment Focus Areas: Technology, healthcare, financial services, consumer, enterprise.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Premier Inc
- Details: Premier Inc is a healthcare improvement company that unites an alliance of approximately 4,000 U.S. hospitals and health systems. Premier focuses on transforming healthcare through data-driven insights and innovative solutions.
- Investment Focus Areas: Healthcare improvement, technology.
- Notable Investments: Not specified.
- THL (Thomas H. Lee Partners)
- Details: THL is a private equity firm that invests in middle-market growth companies. Founded in 1974, THL has a focus on building great companies through strategic partnerships and operational improvements.
- Investment Focus Areas: Business and financial services, consumer and healthcare, media and information services.
- Notable Investments: Dunkin' Brands, Hightower Advisors.
- Mayfield Fund
- Details: Mayfield Fund is a venture capital firm that invests in early-stage technology and healthcare companies. Established in 1969, Mayfield has a long history of helping entrepreneurs build impactful companies.
- Investment Focus Areas: Early-stage venture capital in technology, healthcare.
- Notable Investments: Lyft, SolarCity, Poshmark.
What's Next for Qventus?
Qventus is poised to capitalize on significant opportunities in the healthcare sector. With the recent $105 million Series D funding, the company plans to expand its AI-based automation solutions into new care settings, enhancing its existing offerings. The integration of AI Operational Assistants with Electronic Health Records (EHRs) and leveraging generative AI and machine learning will further optimize healthcare operations, potentially saving millions of dollars and improving patient outcomes.
Future fundraising opportunities seem promising, given the strong backing from investors like KKR and Bessemer Venture Partners. As Qventus continues to demonstrate substantial ROI and operational efficiencies, it may attract additional investments to support its growth and innovation. However, the company will need to navigate challenges such as seamless integration with various EHR systems, maintaining AI accuracy, and adhering to regulatory requirements.
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