Bloomberg June 30, 2021
Olive, a digital-health startup looking to use technology to help health-care firms automate tasks, has closed a funding round that values it at $4 billion, about seven months after it was worth $1.5 billion.
The $400 million round was led by private equity firm Vista Equity Partners and Base10 Partners’ Advancement Initiative, according to a statement Thursday that confirmed an earlier Bloomberg News report. Existing investor Tiger Global Management also joined the round.
Columbus, Ohio-based Olive has raised $832 million in financing since March 2020 and about $902 million since it was founded in 2012. It was worth $1.5 billion after raising $225.5 million late last year.
The company plans to use the funds to develop more...
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