Patient communication and scheduling company Luma Health has raised $130 million in a Series C funding round led by FTV Capital.

Luma said the new funding round brings its total raise to $160 million. The company had previously raised a $16 million Series B in 2019 and $6.3 million in Series A financing in 2018. 

WHAT IT DOES

Luma’s platform handles text-based scheduling, referrals, appointment reminders, intake, telehealth and other patient-provider communication needs. The company said it also integrates with more than 80 electronic health records.

WHAT IT’S FOR

Luma said it will use the infusion of capital to invest in its platform as digital needs in healthcare continue to evolve. 

“In the tight-knit community of enterprise healthcare, word of Luma Health has gotten out,” Adnan Iqbal, Luma Health’s co-founder and CEO, said in a statement. “With this investment, we will continue to meet the demands of leading healthcare delivery systems nationwide and deliver on our promise to our customers: helping transform the complexities of healthcare into convenient, seamless experiences for their patients.”

MARKET SNAPSHOT

Founded in 2015, Luma released a two-way communication chatbot, called Care Pathway Messaging, in 2018. 

Another company in the patient and clinical communications space is Vocera, which recently partnered with Amazon to build an Alexa skill focused on helping patients and caregivers stay connected with their care teams. In 2020, it acquired fellow patient messaging company EASE Applications.

Weave Communications, which also handles consumer communications outside of healthcare, debuted on the New York Stock Exchange earlier this month. In 2019, it had scooped up $70 million in Series D funding that pushed it near unicorn status. 

Other players in the space include PerfectServe, Medici and Klara.



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