# Banjo Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/banjo-health

- Industry: Healthcare IT
- Headquarters: Boston, US
- Website: www.banjohealth.com
- Total disclosed funding: $5M
- Latest round: Series A (Jul 12, 2021)
- Investors on record: 3

## About

Founded in 2019 and based in Massachusetts, US, Banjo Health Inc. operates as an AI-driven prior authorization (PA) solution. The company was co-founded by CEO Saar Mahna and CTO James Rollins. In July 2021, Banjo Health raised USD 5 million in Series A funding led by Epsilon Health Investors.

The company is focused on bringing transparency and automation to PA through a suite of workflow tools and AI modules that offer the first decision support software to allow pharmacy managers and payors to review prior authorization requests. Banjo Health's team consists of AI and machine learning engineers, data scientists, and PA experts with previous health plans, pharmacy, and PBM experience. The company's solution offerings are Harmony PA, Virtuoso AI, and Concerto Suite utilize AI and cloud-based technologies to comply with regulations across all lines of business to provide accurate, streamlined, and transparent PA processes.

The company plans to use its funding from July 2021 to accelerate its expansion into new customer segments including adding health plans to the company's customer base, and eventually provider clients.

## Funding rounds

- Series A, Jul 12, 2021, $5M — Tau Ventures, Epsilon Health Investors, Spark Growth Ventures
- Seed, May 1, 2019 — Spark Growth Ventures

## Investors

- Spark Growth Ventures (https://capitalatlas.ai/funds/spark-growth-ventures) — Seed, Series A
- Tau Ventures — Series A
- Epsilon Health Investors (https://capitalatlas.ai/funds/epsilon-health-investors) — Series A