VC fundraising for EHR & practice management companies

EHR and practice management has matured into one of the more institutionally underwritten parts of healthcare technology. Vertical SaaS investors and growth funds now price specialty EHR, RCM and clearinghouse businesses on durable per-provider economics, with little tolerance for unfunded implementation backlogs or RCM lines that compress gross margin. The hospital tier is effectively closed to new entrants, so credible rounds concentrate around behavioural, dental, post-acute, optometry, PT and ambulatory specialty platforms.

The relevant investor mix runs across healthcare-focused funds like General Catalyst Health, F-Prime, 7wireVentures and Oxeon that lead specialty EHR and RCM rounds, the vertical SaaS growth funds that have backed Tebra and similar operators, and the payer and benefits-aligned CVCs - Optum Ventures, CVS Health Ventures and BlueCross BlueShield Venture Partners - that engage where the platform integrates with claims and benefits infrastructure. Flow has direct relationships across this set and targets funds with a recent lead in the same care setting rather than running a generic healthcare IT list.

Flow has experience running VC fundraising processes for EHR and practice management companies across specialty ambulatory EHR vendors, behavioural and dental practice platforms, post-acute and long-term care systems, RCM-led operators and clearinghouse and claims infrastructure. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.

Orka
GoTrendier
Ziik
Sentryc
Krita
Legendary Play
MILES
Picus Security
Project Space
sevDesk
AVE & YOU
Metaloop
Orka
GoTrendier
Ziik
Sentryc
Krita
Legendary Play
MILES
Picus Security
Project Space
sevDesk
AVE & YOU
Metaloop
Orka
GoTrendier
Ziik
Sentryc
Krita
Legendary Play
MILES
Picus Security
Project Space
sevDesk
AVE & YOU
Metaloop

"EHR & practice management" KPIs VC investors look at

The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.

Active providers

Practices live

Net revenue per provider

Encounters processed

Claims processed

RCM attach rate

Net retention

Gross retention

Days in AR

Gross margin

EHR & practice management valuations in May 2026

Public EHR & practice management comps trade at 2.1x EV/Revenue. Median revenue multiple across EHR & practice management VC rounds was 33x in the last 12 months.

2.1x

Median EV/Revenue as of May 2026 for public EHR & practice management companies

5.7x

B-Soft Co.

B-Soft Co. is the highest valued public EHR & practice management company based on EV/Revenue (excluding outliers)

1.6x

Median EV/Revenue across EHR & practice management M&A deals in the last 12 months

33x

Median EV/Revenue across EHR & practice management VC rounds in the last 12 months

Key recent EHR & practice management VC rounds

$70M Undisclosed stage raised by Commure was the largest EHR & practice management VC round completed in the last six months.

See all EHR & practice management VC rounds
LogoHQDescriptionInvestors
May-26
Commure
Commure is a San Francisco-headquartered healthcare technology company that delivers an interconnected platform for hospital and health system operations. Its suite of applications includes ambient AI-assisted clinical documentation, revenue cycle automation, staff safety monitoring, and care coordination tools. The platform integrates seamlessly with electronic health record systems through partnerships like the MEDITECH Alliance and enables enterprise-wide AI deployments such as ambient scribing and clinician workflow automation. Commure supports provider networks by offering licensing, implementation services, and content integration to streamline clinical and administrative workflows across large-scale organizations.
General CatalystKirkland & Ellis+2
$70M
$7.0B
Undisclosed stage
Feb-26
Chamber Cardio
Chamber Cardio is a Boston-headquartered digital health platform specializing in cardiovascular care management for clinics and payers. Tools aggregate clinical data, track financial metrics under value-based contracts, and provide patient panels with remote monitoring. Launched in 2022, it partners with ACOs to reduce readmissions through software supporting ACO REACH models.
AlleyCorpAmerican Family Ventures+6
$60M
-
Series A
Mar-26
Ease Health
Ease Health is a New York startup with an AI-native platform that combines CRM, EHR, and revenue cycle management for behavioral health providers to handle patient intake, care, billing, and collections.
AbstractAndreessen Horowitz+6
$41M
-
Series A
Dec-25
Ritten
Ritten is a healthcare software provider offering a platform for clinicians and administrators to deliver personalized patient care. The Boston-based system supports customized workflows for complex treatments, maintaining comprehensive records of clinical notes, medications, and plans while ensuring compliance across healthcare providers.
8VCBienville Capital+2
$35M
-
Series B
Feb-26
splose
splose is a practice management platform for healthcare professionals incorporating AI and automation for scheduling, billing, patient records, and workflow optimization. It handles administrative tasks like appointment reminders, insurance claims, and compliance reporting to free up time for clinical care. Designed for clinics and solo practitioners, splose integrates electronic health records and telehealth features while continuously updating with AI-driven insights. The platform operates from Australia serving medical practices regionally.
Athletic VenturesEVP+1
$33M
$71M
Series A
Dec-25
AITRICS
-
BSK InvestmentHan River Partners+5
$24M
-
Series C
Apr-26
HeyDonto
HeyDonto delivers AI solutions integrating and standardizing dental EHR data via API for real-time access. Supported systems include Dentrix, Eaglesoft, and OpenDental. Dental practices use these tools for management efficiency, healthcare apps, AI models, and research.
Sheldon Seidman
$20M
$200M
Seed
May-26
Henry
Henry is a Tokyo-based provider of cloud-based electronic medical record systems and receipt management platforms tailored for small and medium-sized hospitals and clinics in Japan. The service enables digital prescription handling, patient record storage, and administrative automation to streamline clinical workflows. Henry integrates with existing hospital information systems and supports compliance with Japanese healthcare regulations through secure data hosting on AWS infrastructure.
Angel BridgeCoral Capital+5
$19M
-
Series C
May-26
Develo
Develo is a software platform tailored for pediatric medical practices, streamlining scheduling, electronic charting, billing, and patient communication. Launched in 2022 and based in Austin, Texas, it integrates with EHR systems like Epic and Athenahealth, automating appointment reminders and telehealth sessions. The platform serves over 200 clinics nationwide, reducing administrative time by facilitating insurance claims and family portal access for vaccination records and growth charts.
Bienville CapitalBlueprint Equity+5
$14M
-
Series A
Mar-26
AvoMD
AvoMD is a no-code software platform. Clinical guidelines, algorithms, pathways, and checklists convert to point-of-care web/mobile apps and EHR tools. Health systems and societies use AvoMD for bedside guidance that cuts clinician time by about 50%.
AlleyCorpEpsilon Health Investors+4
$10M
-
Series A
Feb-26
Develo
Develo is a software platform tailored for pediatric medical practices, streamlining scheduling, electronic charting, billing, and patient communication. Launched in 2022 and based in Austin, Texas, it integrates with EHR systems like Epic and Athenahealth, automating appointment reminders and telehealth sessions. The platform serves over 200 clinics nationwide, reducing administrative time by facilitating insurance claims and family portal access for vaccination records and growth charts.
-
$10M
-
Undisclosed stage
Dec-25
Mindoo AI
Mindoo AI is a Vienna-headquartered platform that serves as an AI assistant for healthcare providers, handling appointment scheduling, consultation transcription, documentation, and follow-ups with multilingual support and EHR integration to streamline clinical workflows.
6 Degrees CapitalSyndicate One
$5.9M
-
Seed
Dec-25
Cura OS
Cura OS is a software provider developing all-in-one business management systems for waiver services and ICF/IDD care providers in the US. The platform handles billing, scheduling, compliance reporting, and client records tailored to home and community-based services.
-
$5.3M
-
Undisclosed stage
Nov-25
Noteless
Noteless is an Oslo-headquartered AI platform transcribing doctor-patient conversations into structured SOAP notes for general practitioners, physiotherapists, and psychologists. Supporting English, German, Spanish, French, Dutch, Norwegian, and Danish, it integrates with EHR systems while ensuring GDPR compliance by avoiding audio storage or data training. Deployed across Nordic clinics since 2023 to cut documentation time.
Farvatn VentureFuturum Ventures+1
$4.1M
-
Seed
Jan-26
Oasys Health
Oasys Health is a healthcare technology company providing an AI-native electronic health record and practice management system with real-time patient monitoring, automated documentation, scheduling, billing, and teletherapy for private practices and therapy networks.
better venturesPathlight Ventures+1
$4.0M
-
Seed

VC investors active in EHR & practice management

Y Combinator is the most active VC investor across EHR & practice management, having invested in 12 startups in the last three years.

See all EHR & practice management VCs
LogoHQDescriptionKey portfolio
Y Combinator
Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks.
Newton AIScribe Health AIParatus Health+2
12
Pre-seed
General Catalyst
General Catalyst invests in early-stage to growth companies across healthcare, fintech, enterprise software, and consumer sectors from offices in Cambridge, San Francisco, and New York. The firm manages over $25 billion in assets, backing unicorns like Airbnb, Stripe, and Canva. It supports applied AI initiatives through dedicated funds and provides operational expertise via its Resilience platform.
CommureChamber CardioAugust Health+2
7
Series A
Antler
Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons.
Zeya HealthAivot LabsGalenoAI+2
5
Pre-seed
Bessemer Venture Partners
Bessemer Venture Partners is a global venture capital firm that invests in early-stage technology companies building enduring software and internet platforms. San Francisco-headquartered with offices in New York, London, Tel Aviv, and Bangalore, the firm manages investments in sectors like SaaS, fintech, and cybersecurity. Its portfolio features companies including Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast. Founded in 1911, Bessemer Venture Partners has supported over 140 IPOs and acquisitions, maintaining a presence across North America, Europe, and Asia.
ArchyAbridgeUnframe+2
5
Series B
Northzone
Northzone is a venture capital firm investing from early to growth stages in healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming sectors. Headquartered in London with offices in Stockholm, Berlin, and New York, the fund backs European and North American companies like Pleo, iZettle, and Depop.
PredocTandem HealthBlitzy+2
4
Seed
Andreessen Horowitz
Andreessen Horowitz is a Menlo Park-headquartered venture capital firm founded in 2009 that targets seed through late-stage investments in software infrastructure, consumer internet, enterprise applications, fintech, cryptocurrency, and biohealthcare. The firm has backed Airbnb, Coinbase, GitHub, Lyft, and Stripe, maintaining offices in San Francisco and Santa Clara.
Ease HealthDentioAbridge+2
4
Pre-seed
AlleyCorp
AlleyCorp is a New York City-focused startup studio and early-stage investor that originates ideas, assembles teams, and launches companies. Since inception, AlleyCorp has founded MongoDB, Business Insider, Gilt Groupe, Zola, Nomad Health, and others, which collectively raised over $1 billion in funding. The firm provides initial capital for 6-12 months and ongoing leadership, while also leading seed rounds for external first-time founders. AlleyCorp maintains a portfolio emphasizing transformational tech enterprises in fintech, healthtech, and e-commerce.
AvoMDChamber CardioClarasight+1
4
Seed
Alumni Ventures
Alumni Ventures is a Manchester, New Hampshire-headquartered venture capital firm managing diversified portfolios for 10,000 accredited investors. Operations run 50 funds targeting seed through Series B stages in AI, biotech, and climate tech. Sourcing draws from 1,000 university alumni networks with co-investments alongside Sequoia and a16z across 1,400 portfolio firms.
Heidi HealthHello PatientSyntra+2
4
Pre-seed
Techstars
Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively.
Plexis.aiOkkantiHealthBlox+2
4
Pre-seed
Possible Ventures
Possible Ventures is an Amsterdam-headquartered venture capital firm that invests in seed and pre-seed stage startups advancing deep technologies in climate solutions, decentralized finance, and human health. The firm targets innovations combining AI, robotics, and satellite technology for sustainable food systems and environmental remediation, alongside blockchain applications in cryptocurrencies and machine learning-driven genetic modifications in synthetic biology. Formerly known as Inventures since its inception in 2012, Possible Ventures leverages a network of over 100 global entrepreneurs to provide hands-on support, capital, and strategic guidance to portfolio companies across Europe and North America.
Heidi HealthLEVY HealthOrbem+2
4
Series A

Recent VC fundraising track record

See our VC fundraising experience across EHR & practice management and beyond.

Volocopter logo

Investment

Volocopter logo

€50m investment from Geely. All-electric air taxis with vertical takeoff and landing.

AU10TIX logo

Investment

AU10TIX logo

$60m investment from TPG. ID authentication and digital record conversion software.

FlixBus logo

Investment

FlixBus logo

Investment from Silver Lake. Online intercity bus service across Europe, North America and Brazil.

Pipedrive logo

Investment

Pipedrive logo

Growth investment. Cloud-based sales CRM and pipeline management software.

ALOHA logo

Investment

ALOHA logo

$30m growth investment. Food and beverage brand with plant-based protein products.

BIScience logo

Investment

BIScience logo

Investment from WPP / Kantar. Digital and behavioral data intelligence provider.

Work4 logo

Investment

Work4 logo

Growth investment. Recruitment app for employer-candidate social media engagement.

RankAbove logo

Investment

RankAbove logo

Growth investment. End-to-end search engine optimization platform.

Yatego logo

Investment

Yatego logo

Investment from Acton. Virtual shopping mall and online marketplace platform.

XING logo

IPO Advisory

XING logo

€68m IPO. Career-oriented social networking site for the DACH region.

CRA logo

IPO Advisory

CRA logo

€1.2bn IPO. Czech digital infrastructure platform (telecom and ICT).

Delticom logo

IPO Advisory

Delticom logo

€41m IPO. Europe's largest online car and motorcycle tire platform.

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Our VC fundraising experience spans across all digital health verticals.

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