This morning H1, a healthcare provider data network, scored a whopping $100 million in Series C funding. Altimeter Capital led the round with participation from Goldman Sachs Asset Management and Flex Capital.
This brings the company’s total raise to roughly $170 million, according to Crunchbase.
WHAT IT DOES
The New York-based company has created a healthcare professional network that lets providers claim their profile and display their achievements. Its platforms include a library of scholarly and medical claims data.
The company is also focused on helping to connect companies and individuals from across the healthcare industry. For example, life science companies, hospitals and academic medical centers can use the system to find providers, experts and researchers.
It also includes a platform for principal investigators to upload their profiles and a place to list clinical trial sites. On the sales side, it has a platform called Carevoyance, which targets sales for medical device sellers.
WHAT IT’S FOR
The company said that the infusion of cash will be used for investing in its data and networks. The new cash will also go towards hiring and building out the product.
“We’ve created a flywheel that spins faster the more HCPs and industry partners engage with our platform and network,” Ariel Katz, co-founder and CEO of H1, said in a statement.
“No other company can match the volume and quality of global healthcare data H1 has, and as a result no one can match the insights we surface. The next phase of our growth will be focused on helping healthcare organizations harness our network for better decision making.”
Founded in 2017, the company picked up steam the next year with a $6 million funding round from its incubator Shore Group.
But H1 isn’t the only platform focused on providing healthcare professionals with a digital network. Doximity, a social network for healthcare providers, recently went public.