Karoo Health, a value-based heart care company, raised $16.2 million in Series A funding, co-led by 7wire Ventures and Allumia Ventures, with participation from First Trust Capital Partners, LLC, SpringRock Ventures, Hyde Park Angels (HPA), and other marquee investors.
As part of the financing, Lee Shapiro, Managing Partner at 7wire Ventures, and Jeff Stolte, Managing Partner at Allumia Ventures, will join Karoo’s Board of Directors.
Karoo combines dedicated on-site and virtual care teams with proprietary technology to facilitate tailored value-based initiatives that are sorely needed for improving patient health and lowering overall cost of care in cardiology.
In June 2023, Karoo Health announced the closing of a $3.4 million seed round led by First Trust Capital Partners to launch its value-based hybrid cardiac care model.