Pearl Health raises $110 million in fresh funding led by Andreessen Horowitz (a16z) with participation from Viking Global Investors, AlleyCorp, Ulysses Capital, and a debt facility led by Trinity Capital.
With fresh funds, Pearl Health plans to further scale up its AI-powered value-based care models across the U.S.
Founded in 2020, Pearl Health is building the platform for healthcare outcomes, identifying at-risk patients so providers can intervene before issues become emergencies.
The company reached profitability in 2025 – a milestone few in this space have achieved while maintaining aggressive growth.
Pearl Health supports a network of more than 10,000 providers, including health systems like University of Vermont Health and MDX Hawaii, across over 40 states, caring for over 250,000 Medicare beneficiaries.
Its solutions manages approximately $3.6 billion in annualized medical spend, up from $2.4 billion the prior year and $1.6 billion the year before that. Pearl is projected to deliver $500 million in gross savings and triple its patient base from 2024 through the end of 2026.
According to the press statement, the fresh funding round includes a $50 million equity round and a $60 million credit facility.