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Novellia, a New York City-based developer of a health records platform, raised $18M in Series A funding led by Spark Capital to scale its AI-powered technologies.

PRIVATEJun 02, 2026•2 months ago

Amount Raised

$18 Million

Round Type

Series A

New YorkBiotechnologyHealth CareArtificial IntelligenceMedical

Investors

TmvBling CapitalAcrew CapitalKhosla VenturesSpark Capital

Description

Novellia, a patient-powered health records platform, raised $18 million in Series A funding. This round was led by Spark Capital with participation from Khosla Ventures, Acrew Capital, Bling Capital, and TMV. The funding will be used to enhance AI data technologies and expand its consumer app. Novellia aims to transform the way patients manage their health data.

Company Information

Company

Novellia

Location

New York, New York, United States

About

Novellia is a New York City-based developer of a patient-powered real-world data and personal health records platform. The company creates a secure digital health repository that enables patients to aggregate medical histories from various healthcare systems. Using AI, Novellia extracts clinical insights from unstructured doctor notes and diagnostic reports. The company works with top global pharmaceutical firms and connects to over 50,000 healthcare systems.

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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

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