# Sift Healthcare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sift-healthcare

- Industry: Healthcare IT
- Headquarters: Milwaukee, US
- Website: www.sifthealthcare.com
- Total disclosed funding: $26M
- Latest round: Series B (May 9, 2024)
- Investors on record: 8

## About

Established in 2017 by Justin Nicols and Virgil Bistriceanu, and based in Wisconsin, US, Sift Medical Data, Inc., trading under the name Sift Healthcare operates as a provider of data and recommendations regarding the healthcare revenue cycle. In May 2024, Sift Healthcare raised USD 20 million in Series B funding led by B Capital Group, with participation from Allos Ventures, First Trust Capital Partners, and Rock River Capital Partners.

The firm’s services include tools for analyzing and managing claim denials, optimizing patient payment collections, and integrating financial data from various sources into a unified database. The platform uses data science and artificial intelligence to improve decision-making related to denial prevention, appeal prioritization, and financial engagement with patients. Additionally, Sift provides data visualization tools for tracking payment trends and managing workflows, aiming to increase financial performance and streamline the revenue cycle process.

The company intends to use the May 2024 funding to establish targets for investments in artificial intelligence technology and team growth.

## Funding rounds

- Series B, May 9, 2024, $20M — Allos Ventures, B Capital, Rock River Capital Partners, First Trust Capital Management
- Series A, Jul 11, 2022, $4.8M — Allos Ventures, Gaingels, Winnebago Seed Fund, Rock River Capital Partners, First Trust Capital Management
- Seed, Nov 15, 2018, $1M — StartUp Health, Winnebago Seed Fund, Wind River Financial
- Seed, Nov 1, 2017, $0.7M — Winnebago Seed Fund

## Investors

- Winnebago Seed Fund (https://capitalatlas.ai/funds/winnebago-seed-fund) — Seed, Series A
- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Seed
- Wind River Financial — Seed
- Allos Ventures (https://capitalatlas.ai/funds/allos-ventures) — Series A, Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Rock River Capital Partners (https://capitalatlas.ai/funds/rock-river-capital-partners) — Series A, Series B
- First Trust Capital Management — Series A, Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B