Fundz

Ilumed Raises $16.5 Million Series A Financing

PRIVATEDec 15, 2021

Amount Raised

$16.5 Million

Round Type

Series A

JupiterInformation TechnologySoftwareMobileCommerce And ShoppingHealth Care

Description

Ilumed, a Medicare transformation company focused on assisting patients to achieve their healthiest lives by driving lower-cost, better-quality and more-equitable healthcare outcomes, today announced it has closed a $16.5 million Series A financing led by Ascend Partners. The company’s angel investor was WRJM Healthcare Partners, LLC, whose principals are Ron Kuerbitz, Joshua Ruskin, Bill Sanger and Matthew Sanger.

Quick answer

Ilumed raised $16.5 Million in a Series A round, dated December 15, 2021. Ilumed is based in Jupiter, Florida, United States.

How much did Ilumed raise?
Ilumed raised $16.5 Million in a Series A round on December 15, 2021.
What does Ilumed do?
Ilumed is one of fifty-three (53) Direct Contracting Entities (DCE) approved by the Centers for Medicare & Medicaid Services (CMS) as part of CMS’s Global and Professional Direct Contracting (GPDC) Model, which was..
Where is Ilumed based and how big is it?
Ilumed is based in Jupiter, Florida, United States.
Who are the decision-makers at Ilumed?
Fundz holds 1 contact at Ilumed. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mobile and Commerce And Shopping around the same time

Companies in the same sectors as Ilumed that raised within 45 days of this round, from Fundz verified event records.

  • Kaddra raised $2.5M (Seed) on January 27, 2022.
  • Kafene, Inc. raised $15M on January 18, 2022.
  • Kaddra raised an undisclosed amount (Series A) on January 17, 2022.
  • Bluon, Inc. raised an undisclosed amount (Series B) on January 11, 2022.
  • Med All raised $3.4M (Seed) on January 5, 2022.
  • Tasso raised $100M (Series B) on December 16, 2021.

Who to call at Ilumed, and when

A new round usually means Ilumed is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Ilumed raises, hires an executive or expands, scored against what you sell
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  • Who you already know at Ilumed, from your own LinkedIn network

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Company Information

Company

Ilumed

Location

Jupiter, Florida, United States

About

Ilumed is one of fifty-three (53) Direct Contracting Entities (DCE) approved by the Centers for Medicare & Medicaid Services (CMS) as part of CMS’s Global and Professional Direct Contracting (GPDC) Model, which was designed to enhance care-quality for Medicare fee-for-service beneficiaries while simultaneously reducing costs through risk-sharing arrangements with physicians.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Ilumed 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.