Porter, a clinical services platform for care coordination and quality optimization for patients, providers, and payers, raised $5.4 million in Seed funding.
Grit Capital Partners, Old Line Capital, and JLC Family Office led the investment round.
“The new funds will support us to strengthen our technology and clinical services platform for care coordination and quality optimization, benefitting patients and payors alike, Porter said in a press release.
According to the Porter website, the company’s care coordination platform connects members with the personalized services, products, and information they need—navigable content, a curated marketplace, coverage information, and a supportive online health community— so they can make informed health decisions based on speed, quality, and cost. Powered by AI analytics, the company’s virtual care guide team helps the member navigate the healthcare delivery system and secures the right support for each member’s unique needs for care at home.
Commenting on the funding news, John Criswell, founder & CEO of Porter, said: “We are excited to partner with this experienced set of investors and board directors.” “Gaining their wisdom and financial support in step with our growth is positioning us well to deliver on the model we’re building here at Porter.”
Care coordination startups
Digital health startups providing cloud-based care coordination solutions have raised a total of $1 billion in funding to date, according to our database. The latest funding rounds in the space include:
- CareHarmony, a provider of AI-powered care coordination solutions for healthcare professionals, raised $15 million in a Series A funding led by Maverick Ventures, with participation from Nashville Capital Network.
- Viz.ai, an AI-powered point of care digital care coordination platform, raised $100 million in Series D funding led by Tiger Global and Insight Partners with participation from Scale Ventures Partners, Kleiner Perkins, Threshold, GV (formerly Google Ventures), Sozo Ventures, CRV, and Susa Ventures.
- Unite Us, a provider of care collaboration solutions for life sciences companies, care providers, nonprofit organizations, and health plans, raised $150 million in Series C funding at a $1.6 billion valuation. Iconiq Growth led the investment round, with participation from Emerson Collective, Optum Ventures, Transformation Capital, Define Ventures, Salesforce Ventures, Town Hall Ventures, and other healthcare partners.