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

PRIVATENov 22, 2023

Amount Raised

£2.5 Million

Round Type

Seed

LondonHealth CareArtificial IntelligenceMedical

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. 

Quick answer

Phare Health raised £2.5 Million in a Seed round, dated November 22, 2023. Investors: Bertelsmann Investments, We Walk, KHP Ventures and General Catalyst. Phare Health is based in London, England, United Kingdom.

How much did Phare Health raise?
Phare Health raised £2.5 Million in a Seed round on November 22, 2023.
Who invested in Phare Health?
Bertelsmann Investments, We Walk, KHP Ventures and General Catalyst are named as investors in this round.
What does Phare Health do?
Phare Health is bringing hospital administration and revenue cycle management into the large language model era.
Where is Phare Health based and how big is it?
Phare Health is based in London, England, United Kingdom.
Who are the decision-makers at Phare Health?
Fundz holds 1 contact at Phare Health. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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

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

  • Nabla raised $24M (Series B) on January 5, 2024.
  • ImpriMed raised $23M (Series A) on December 19, 2023.
  • Laza Medical raised $36M (Series A) on December 12, 2023.
  • Laza Medical raised $25M on November 24, 2023.
  • ViaLase raised $45M (Seed) on January 5, 2024.
  • Arbital Health raised an undisclosed amount (Series A) on January 4, 2024.

Who to call at Phare Health, and when

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

  • An alert the day Phare Health raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Phare Health, from your own LinkedIn network

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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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