This morning, H1, a data network of healthcare providers, received a whopping $ 100 million in Series C funding. Altimeter Capital led the round with the participation of Goldman Sachs Asset Management and Flex Capital.
This brings the company’s total revenue to around $ 170 million. after Crunchbase.
WHAT IT DOES
The New York-based company has created a network for healthcare professionals that enables providers to claim their profile and showcase their services. The platforms include a library of scientific and medical claims data.
The company is also focused on bringing together 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 primary investigators to upload their profiles and a place to list clinical trial locations. On the sales side, there is a platform called Carevoyance that aims to sell medical devices.
WHAT IT IS FOR
The company said the cash infusion will be used to invest in its data and networks. The new money will also be used to discontinue and expand the product.
“We have created a flywheel that rotates faster the more HCPs and industrial partners interact with our platform and network,” Ariel Katz, co-founder and CEO of H1 said in a statement.
“No other company can match the size and quality of H1’s global health data, and therefore no one can match the insights we’re getting. The next phase of our growth will focus on helping health organizations use our network for better decision making. ”
Founded in 2017, the company took off the next year with one $ 6 million round of funding from its Shore Group incubator.
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.