# Phynd Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phynd-technologies

- Industry: Healthcare IT
- Headquarters: Dallas, US
- Total disclosed funding: $11M
- Latest round: Series B (Oct 10, 2018)
- Investors on record: 5

## About

Phynd, founded in 2024 in Stamford, US, provides software solutions for healthcare operations. The company has completed 1 deal, with the most recent occurring on February 11, 2025, raising USD 10.00 mn in funding led by Wellington Management. The founder has a history of entrepreneurship, having founded other companies prior to Phynd.

Phynd offers an extensive suite of healthcare operations software designed to manage provider data efficiently. Their main product, the Phynd Operations Platform, consolidates various systems into a secure, streamlined solution that simplifies healthcare management. Noteworthy features include the Phynd Directory, which centralizes provider information to minimize inaccuracies and administrative workloads, improving patient referral processes and reimbursements. The platform caters to a wide range of clients, including healthcare providers, hospitals, and health systems throughout North America, ultimately aiming to enhance care delivery and patient acquisition.

Phynd generates revenue primarily through subscription-based models for its software solutions, including the Phynd Directory and the Phynd Operations Platform. Clients typically sign annual contracts that grant them continuous access to these tools, along with updates and customer support. The revenue structure may include tiered pricing based on the healthcare organization's size and specific features used, enabling scalability for different client requirements. Phynd's business model predominantly operates on a B2B basis, partnering with health systems and healthcare providers to enhance operational performance and streamline administrative functions.

In February 2025, Phynd, Inc. raised USD 10.00 mn in funding from Wellington Management, which will be allocated towards making high-quality gaming universally accessible. This initiative includes offering a free-to-play experience across smart TVs and other connected devices. The company is also strategizing to expand into new markets and geographic regions to broaden its reach, further enhancing its product offerings and operational capabilities.

## Funding rounds

- Series B, Oct 10, 2018, $8.2M — MemorialCare Innovation Fund, Dallas Venture Partners, Rex Health Ventures, Orlando Health Ventures
- Series A, Sep 23, 2015, $1.1M — Dallas Venture Partners, Invest Nebraska
- Seed, Jul 3, 2013, $2M — Invest Nebraska

## Investors

- Invest Nebraska (https://capitalatlas.ai/funds/invest-nebraska) — Seed, Series A
- Dallas Venture Partners (https://capitalatlas.ai/funds/dallas-venture-partners) — Series A, Series B
- MemorialCare Innovation Fund (https://capitalatlas.ai/funds/memorialcare-innovation-fund) — Series B
- Rex Health Ventures (https://capitalatlas.ai/funds/rex-health-ventures) — Series B
- Orlando Health Ventures — Series B