Proximity raised $3 million in a Seed funding round led by LRVHealth to optimize 340B drug discount revenue for healthcare providers.
Amount Raised
$3 Million
Round Type
Seed
ChicagoHealth CareInvestors
Description
Proximity launched with $3 million in funding to enhance its automation platform aimed at maximizing 340B drug discount revenue for hospitals and health centers. The Seed round, led by LRVHealth with participation from Commonweal Ventures, will facilitate the accelerated development of their technology.
Quick answer
Proximity raised $3 Million in a Seed round, dated February 20, 2025. Investors: LRVHealth and Commonweal Ventures. Proximity is based in Chicago, Illinois, United States.
- How much did Proximity raise?
- Proximity raised $3 Million in a Seed round on February 20, 2025.
- Who invested in Proximity?
- LRVHealth and Commonweal Ventures are named as investors in this round.
- What does Proximity do?
- Proximity maximizes revenue healthcare providers earn from the federal 340B Drug Pricing Program, while minimizing the time and resources they dedicate to manage it.
- Where is Proximity based and how big is it?
- Proximity is based in Chicago, Illinois, United States. Fundz records about 13 employees.
- Who are the decision-makers at Proximity?
- Fundz holds 2 contacts at Proximity, including the CEO/Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Health Care around the same time
Companies in the same sectors as Proximity that raised within 45 days of this round, from Fundz verified event records.
- SOMAVAC Medical Solutions, Inc. raised $8.4M on April 4, 2025.
- Hilbi raised $8.6M (Funding Round) on April 4, 2025.
- Gente Beauty raised an undisclosed amount on April 4, 2025.
- Captiva Spine raised $1.5M (Seed) on April 4, 2025.
- Deacon Health raised $7M (Seed) on April 4, 2025.
- FOXO Technologies raised $325K (Seed) on April 4, 2025.
Who to call at Proximity, and when
A new round usually means Proximity is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Proximity raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Proximity, from your own LinkedIn network
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Related People
Proximity 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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