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Health tech startup Tennr has raised $101 million in Series C funding, led by IVP, to improve the patient referral process, now valued at $605 million.

Jun 18, 2025•6 months ago

Amount Raised

$101 Million

Round Type

series c

New Yorkinformation technology & servicesSoftwareArtificial IntelligenceInformation Technology

Investors

LightspeedAndreessen HorowitzIvp

Description

Tennr, a New York-based health tech startup, has raised $101 million in a Series C funding round. This new funding round, led by IVP with participation from Andreessen Horowitz and Lightspeed, brings Tennr's valuation to $605 million. The company is dedicated to addressing delays in the patient referral process. Founded in 2021, Tennr has quickly established itself in the health tech sector.

Company Information

Company

Tennr

Location

150 W 22nd St

New York, New York, United States

About

Tennr takes healthcare providers from fax to first visit, faster. Using RaeLM™, the only vision-language model trained to interpret unstructured medical records against complex payor criteria, Tennr helps ensure payor-ready documentation, boost conversions, and cut first‑pass denials.

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Funding Insights

Based on industry data
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