MobiHealth News May 2, 2024
The company will use the funds to accelerate its AI capabilities and for strategic and commercial growth.
Transcarent, a digital platform focused on the self-insured employer market, announced it secured a $126 million Series D investment. The funds bring the unicorn company’s total raise to $450 million and valuation to $2.2 billion.
General Catalyst and 7wireVentures led the round, with participation from new investors Memorial Hermann Health System and Geodesic Capital.
Former investors Human Capital, Kinnevik, Threshold Ventures, Ally Bridge Group, Alta Partners, Leaps by Bayer and Merck Global Health Innovation Fund also contributed to the Series D.
WHAT IT DOES
The California-based company focuses on self-insured employers and their employees. Members can virtually access care 24/7, and a...
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