# Innovaccer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovaccer

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.innovaccer.com/
- Total disclosed funding: $578M
- Latest round: Series F (May 2, 2024)
- Investors on record: 19

## About

Based in California, US, and founded in 2014 by Abhinav Shashank (CEO) and Sandeep Gupta, Innovaccer, Inc. is a healthcare technology company that helps connect the care ecosystem with the Innovaccer Health cloud that improves efficiencies for healthcare providers, payers, and others across the care ecosystem. In January 2025, Innovaccer, Inc. raised USD 275 million in series F funding from Danaher Corporation, Generation Investment Management, Kaiser Permanente, B Capital Group and M12. The series F funding values Innovaccer, Inc. at USD 3.49 billion post-money.

The company provides a data activation platform, application suite, and Innovaccer toolkit and ensures solutions for healthcare providers, payers, life sciences, and employers. The company’s data activation platform brings together patient records and uses artificial intelligence and analytics to simplify repetitive workflows and make whole-person treatment more available. The company’s Innovaccer Health Cloud combines the integrated data activation platform and application suite with a comprehensive collection of platform resources and tools that allows customers and third-party developers to quickly build interoperable applications that use centralized patient records to enhance patient care and reduce costs.

Innovaccer generates revenue by offering AI-powered healthcare solutions that streamline operations and improve outcomes. Its key revenue streams include value-based care enablement, revenue cycle management automation, AI workforce tools for administrative tasks, and data activation platforms that deliver actionable insights to providers, payers, and government organizations.

The company plans to utilize the January 2025 funding to develop its artificial intelligence healthcare platform.

## Funding rounds

- Series F, May 2, 2024, $250M — Generation Investment Management, Danaher, Kaiser Foundation Hospitals, M12, B Capital, Banner Health
- Series E, Dec 7, 2021, $150M — Tiger Global Management, OMERS Private Equity, WhaleRock Point Partners, Steadview Capital Management, M12, Dragoneer Investment Group, B Capital, Schonfeld Strategic Advisors, Mubadala Capital, Avidity Partners Management
- Series D, Feb 4, 2021, $75M — Tiger Global Management, Steadview Capital Management, M12, Dragoneer Investment Group, B Capital, Mubadala Capital, OMERS Private Equity
- Series C, Sep 26, 2019, $60M — Tiger Global Management, WestBridge Capital Partners, Steadview Capital Management, M12, Dragoneer Investment Group, Mubadala Capital
- Series B, Jan 16, 2019, $10M — M12
- Series B, Feb 2, 2018, $16M — Lightspeed Venture Partners, WestBridge Capital Partners
- Series A, Jun 29, 2016, $15M — Lightspeed Venture Partners, WestBridge Capital Partners, Pravega Ventures
- Seed, May 13, 2015, $2.5M — 500 Global, Start Smart Labs

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Start Smart Labs (https://capitalatlas.ai/funds/start-smart-labs) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series A, Series B, Series C
- Pravega Ventures (https://capitalatlas.ai/funds/pravega-ventures) — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series B, Series C, Series D, Series E, Series F
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D, Series E
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series C, Series D, Series E
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series C, Series D, Series E
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series C, Series D, Series E
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series D, Series E, Series F
- OMERS Private Equity (https://capitalatlas.ai/funds/omers-private-equity) — Series D, Series E
- WhaleRock Point Partners — Series E
- Schonfeld Strategic Advisors — Series E
- Avidity Partners Management — Series E
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series F
- Danaher — Series F
- Kaiser Foundation Hospitals — Series F
- Banner Health — Series F