# Valify

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

- Industry: Software
- Headquarters: Frisco, US
- Total disclosed funding: $3M
- Latest round: Series B (Sep 1, 2018)
- Investors on record: 5

## About

Based in Texas, US, and founded in 2014 by co-founders Chris Heckler and Matthew C. Clark, Valify, Inc. operates as a provider of web-based solutions that enable healthcare organizations to discover savings opportunities based on their expenditures. In September 2018, Valify, Inc., a portfolio company of Frist Cressey Ventures, Meridian Street Capital and Step 5 Capital, acquired Lucro Solutions, Inc. In October 2019, HCA Healthcare, Inc. acquired Valify, Inc. As of 2024, the company is led by its CEO, Les Popiolek.

The company provides a cost management platform that offers expense control solutions to healthcare providers. The platform's services include spend analytics, immediate insights, accelerated sourcing, and sustainable savings. Moreover, the firm offers solutions such as custom contracting, benchmarking, and aggregated sourcing events. Additionally, the company also provides services such as purchased services and consulting.

## Funding rounds

- Series B, Sep 1, 2018, $1M — Martin Ventures, Heritage Group, Frist Cressey Ventures, Step 5 Capital, Meridian Street Capital
- Series A, Jun 6, 2016, $2M — Frist Cressey Ventures, Step 5 Capital, Meridian Street Capital

## Investors

- Frist Cressey Ventures (https://capitalatlas.ai/funds/frist-cressey-ventures) — Series A, Series B
- Step 5 Capital — Series A, Series B
- Meridian Street Capital (https://capitalatlas.ai/funds/meridian-street-capital) — Series A, Series B
- Martin Ventures (https://capitalatlas.ai/funds/martin-ventures) — Series B
- Heritage Group — Series B