Garner Health, a leading digital company that helps patients find the best healthcare providers using better data and smarter financial incentives, has closed a $100 million Series E round at a valuation of $2.74 billion.
Index Ventures led the investment round with participation from existing investors, including Kleiner Perkins, Redpoint, Thrive, Sequoia, Founders Fund, and Kaiser Permanente Ventures.
The new infusion of capital will allow Garner to continue to expand its provider quality platform, scale AI-powered product innovation, and bring Garner to millions more members.
Garner now works with almost 800 customers, supports more than 2.5 million people, and has reached around $200 million in gross annual recurring revenue.
Nick Reber, Garner Health CEO, said: “Our mission at Garner is to fundamentally realign the system around quality by empowering people to choose the doctors who deliver the best outcomes. When you give consumers the right data and align incentives around better care, the entire healthcare system will change for the better.”
Garner Health is a digital health company on a mission to transform the healthcare economy and deliver high-quality and affordable care for all. Garner uses one of the nation’s most robust medical datasets – covering over 60 billion medical records – to identify the best doctors in the nation. Garner then creates meaningful financial incentives for patients to see these providers.
Digital health companies have secured more than $180 billion in funding to date, according to our recent Funding Database.
More recently, Century Health, a health technology startup developing an AI-powered platform to unlock high-quality datasets from fragmented and siloed clinical information to fuel groundbreaking research, raised $5 million in a Seed round led by Origin Ventures, with participation from new investors InnovateHealth Ventures, 25madison, and Next Play Ventures, and continuing investors 2048 Ventures and Alumni Ventures.
In another deal, Kin Health, a developer of a patient-centric medical record management application designed to bridge the communication gap between patients and healthcare providers, raised $9 million in a Seed round led by Maveron with participation from Town Hall Ventures, Flex Capital, Eniac Ventures, The Family Fund, Pear VC, Watershed Ventures, and Foundry Square Capital.