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Avaneer Health banks $50M in seeding funding from Aetna, Anthem and Cleveland Clinic
Fierce Healthcare January 13, 2022
Avaneer Health, an interoperable, participant-based network, has clinched $50 million in seed funding by a collective of industry leaders, the company announced Thursday.
The first network participants include Aetna, Anthem, Cleveland Clinic, Health Care Service Corporation (HCSC), the PNC Financial Services Group and Sentara Healthcare, which together represent 80 million covered individuals.
These participants, in addition to IBM, founded the startup in 2020. The capital will be used to expand its team and technology to launch nationwide.
Avaneer was built off a collaboration between Aetna, PNC Bank, IBM, Anthem and HCSC announced in 2019 to develop a blockchain healthcare network. Blockchain technology works by using a public ledger to track the origin of a source of information, then...
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