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Forta Raises $55M in Series A Funding

PRIVATEJan 22, 2024•over 2 years ago

Amount Raised

$55 Million

Round Type

Series A

San FranciscoHospitals and Health Care

Investors

AllbirdsHarry’sPrelude FertilityWarby ParkerFlexportForwardCurative23&MeAlumni VenturesExor VenturesInsight Partners

Description

Forta, a San Francisco, CA-based AI healthcare company improving access to dependable quality care, raised $55M in Series A funding.

Company Information

Company

Forta

Location

San Francisco, California, United States

About

Forta is clearing the path to quality healthcare. We continuously improve the patient journey and deliver personalized care by applying AI and machine learning. The first care vertical Forta is improving is autism ABA therapy. Care is difficult to access and the delivery model must be reinvented to provide early access to families. 1 in 44 children [CDC, 2021] is diagnosed to be on the autism spectrum. We are looking for driven, innovative, patient-focused individuals to join our team as we reinvent the care and tools available to neurodiverse families.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Forta raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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