Utimco-backed accountable care services network Aledade attracted GV and Echo Health Ventures for its latest round.
Aledade, a US-based healthcare management software developer reportedly backed by University of Texas’ investment management arm Utimco, completed $64m a series C round on Monday led by Omers Growth Equity, the growth-stage investment arm of pension fund manager Omers.
GV, an early-stage corporate venturing subsidiary of internet and technology conglomerate Alphabet, also took part in the round, as did professional body California Medical Association and Echo Health Ventures, the venture capital firm formed by the merger of healthcare provider Cambia Health Solutions’ corporate venturing unit and VC firm Mosaic Health Solutions.
Meritech Capital Partners and CVF filled out the round..
Founded in 2014, Aledade provides software that enables primary care providers, including general practices, health centres and clinics, to retain their independence and accountability but receive access to services and technologies such as data analytics, regulatory expertise and guided workflows.
The network approach means members can…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
