Former Deepmind And Google Health Execs’ Startup, Phare Health, Secures £2.5M For Ai-Powered Fintech Tool For Hospitals

Nov 22, 2023•about 2 years ago

Amount Raised

£2.5 Million

Round Type

seed

LondonMedicalArtificial IntelligenceHealth Care

Investors

Bertelsmann InvestmentsWe WalkKhp VenturesGeneral Catalyst

Description

London-based Phare Health working on developing AI products to help hospitals better understand the state of their finances and track cashflows, has snapped £2.5 million in seed funding. The round was led by General Catalyst alongside strategic backers KHP Ventures known for investing in Patchwork Health, WeWALK and Doccla, and Bertelsmann Investments.

Company Information

Company

Phare Health

Location

London, England, United Kingdom

About

Phare Health is bringing hospital administration and revenue cycle management into the large language model era. The firm develops AI technology for the back office to address the systemic challenges of healthcare finance and, by doing so, lead the industry in improving outcomes for hospitals, clinicians, and patients. Phare Health is backed by some of the best healthcare systems and investors in the world, with a founding team from DeepMind, Google and NYU.

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