San Francisco-based Carrum Health has announced that it has raised $40 million in its Series A funding round. The round was led by Tiger Global Management LLC, with participation from GreatPoint Ventures and Cross Creek and return investors Wildcat Venture Partners and SpringRock Ventures.
Carrum Health was founded in 2014 with the aim of bringing common sense to the healthcare system that is affected by many issues and rising costs. Led by Sach Jain, Carrum Health provides a surgery benefits platform that connects self-insured employers with top providers under standardized bundled payment arrangements to manage healthcare costs. This platform is connected to the Carrum Health mobile app, which provides patients with the tools to manage their own health by guiding them through all aspects of their care journey.
“We’ve worked extremely hard over the past 6 years to grow our list of world-class providers like Johns Hopkins, Mayo Clinic, Scripps Health, and more. We’ve also harnessed some of the best talent in Silicon Valley to build the only technology of its kind,” wrote the company in its blog.
The latest funding will enable the healthcare company to expand its provider network and provide the best possible experience for employees seeking surgery. Further, the investment will help the company move forward with its vision of bringing about a positive change in the healthcare industry.