Total amount raised
$550 Millions
Latest funding date
06/01/2021
Location
Title
Tendo has successfully raised significant funding over multiple rounds, positioning itself as a key player in the healthcare technology sector. The company offers a next-generation platform designed to enhance patient experiences and support healthcare providers.
Keep reading to explore the intricacies of Tendo's fundraising journey and the investors backing this innovative platform.
What Is Tendo?
Tendo is dedicated to transforming the end-to-end patient experience and supporting healthcare providers with innovative software and analytics solutions. Founded in 2020, the company is headquartered in San Francisco, California.
The founders, Dan Goldsmith and Jennifer Goldsmith, bring extensive experience in healthcare technology to the table. Tendo's platform offers clinical insights, employer strategies, and patient-centric applications designed to improve health outcomes.
With a growing team of over 100 employees, Tendo has been recognized as a top startup employer by Forbes for two consecutive years. The company's commitment to excellence is evident in its cutting-edge solutions and dedicated workforce.
How Much Funding Has Tendo Raised?
- Series A Round:
- Lead Investors: General Catalyst
- Series B Round:
- Amount Raised: $50 million
- Date: June 30, 2021
- Lead Investors: Lux Capital, General Catalyst
- Valuation at Round: $550 million
- Motivation Behind the Round: To accelerate plans to transform healthcare through software, seamlessly connecting patients, clinicians, and caregivers throughout the care journey.
Total amount raised: $69 million. Current valuation: $550 million.
Key Investors
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. The firm has a $4 billion AUM and over 30 full-time professionals.
- Investment Focus Areas: Digital transformation, healthcare, life sciences, manufacturing
- Notable Investments: Not publicly disclosed
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in long-term, positive change across various stages of company growth. The firm has offices in San Francisco, Palo Alto, New York City, and Boston.
- Investment Focus Areas: Long-term positive change, various industries, seed to growth stage
- Notable Investments: Airbnb, Deliveroo, Stripe
What's Next for Tendo?
With a fresh infusion of $50 million, Tendo is poised to revolutionize healthcare by enhancing digital engagement between patients, clinicians, and caregivers. The collaboration with Jefferson Health exemplifies the potential to improve patient relationships and accessibility, setting the stage for significant growth in the healthcare sector.
As Tendo continues to expand its platform, future fundraising opportunities are likely, supported by existing investors like Lux Capital and General Catalyst. However, the company must navigate challenges such as integrating digital platforms with existing healthcare systems and meeting high consumer expectations for seamless experiences.
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