TailorMed, a provider of a digital financial assistance tool for healthcare providers, pharmacies, and patients, raised $40 million in a financing round, combining equity and debt.
Windham Capital Partners led the investment round with participation from Samsung Next, BrightEdge, Citi Impact Fund, OSF Healthcare, Ballad Ventures, Inception Health, UnityPoint Health Ventures, UH Ventures, and Providence Ventures.
Existing investors, Sanara Ventures, Triventures, Accelmed, Almeda Ventures, and Bridges, also participated in the funding round.
The debt facility was led by Poalim-tech, part of Israel’s leading bank, Bank Hapoalim.
With fresh funds, TailorMed plans to grow its digital platform that allows healthcare providers to manage their finances, check health plans, and estimate out-of-pocket costs for uninsured patients.
Srulik Dvorsky, CEO and co-founder of TailorMed, stated in an official press release: “In the past six years, we’ve built incredible momentum by empowering our network of leading health systems, pharmacies, and life science companies to drive affordability on a massive scale,”
“But we’re just getting started. This new funding will fuel our mission to break down even more barriers to care, creating a healthcare system where affordability is the standard, not the exception, and working with patients and care teams to alleviate whatever barrier comes next. We’re excited to have the backing of Windham Capital Partners and other forward-thinking investors who share our vision of transforming access to care for millions,” added Srulik Dvorsky.