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PayZen raised $32M in a series B led by NEA to fuel market expansion with AI-powered patient financing solutions.

PRIVATEAug 13, 2024

Amount Raised

$32 Million

Round Type

Series B

San FranciscoInformation TechnologyHealth CareFintech

Investors

New Enterprise AssociatesViola VenturesSignalFire7wire Ventures

Description

Healthcare fintech startup PayZen secured an oversubscribed series B funding round totaling $32 million, with backing from existing investors including 7wireVentures and SignalFire. The funding will support PayZen’s continued growth and market expansion for its AI-powered patient financing solutions.

Quick answer

PayZen raised $32 Million in a Series B round, dated August 13, 2024. Investors: New Enterprise Associates, Viola Ventures, SignalFire and 7wire Ventures. PayZen is based in San Francisco, California, United States.

How much did PayZen raise?
PayZen raised $32 Million in a Series B round on August 13, 2024.
Who invested in PayZen?
New Enterprise Associates, Viola Ventures, SignalFire and 7wire Ventures are named as investors in this round.
What does PayZen do?
PayZen is a mission-driven healthcare fintech company that aims to tackle the growing patient payment responsibility problem with superior technology and a modern approach.
Where is PayZen based and how big is it?
PayZen is based in San Francisco, California, United States. Fundz records about 116 employees.
Who are the decision-makers at PayZen?
Fundz holds 1 contact at PayZen. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Fintech and Health Care around the same time

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

  • 22nd Century raised $1.2M (Seed) on September 27, 2024.
  • Nexi raised $246M (Debt Financing) on September 27, 2024.
  • Amerant Bank raised $165M (Post-IPO Equity) on September 27, 2024.
  • Athena raised $18M (Series B) on September 27, 2024.
  • Tetrix raised $5M (Seed) on September 26, 2024.
  • Mendaera raised $73M (Series B) on September 26, 2024.

Who to call at PayZen, and when

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

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Company Information

Company

PayZen

Location

San Francisco, California, United States

About

PayZen is a mission-driven healthcare fintech company that aims to tackle the growing patient payment responsibility problem with superior technology and a modern approach. PayZen is backed by leading equity and credit capital investors and is led by proven technology veterans with a successful track record of helping millions of Americans overcome financial struggles.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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