- VC fundraising
- Digital health
- EHR & practice management
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.




































"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. 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| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
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| Logo | HQ | Description | Key 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 |
Founders and investors we've worked with
We've supported winning builders across EHR & practice management and beyond.

Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
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GoTrendier
We advised GoTrendier, the leading second-hand fashion marketplace in LatAm (Mexico and Colombia), on its $14m Series B fundraise led by IDB.
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Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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Krita
We advised Swiss investor Elysian Fields on its growth investment into Krita, the leading factoring platform in the Icelandic market.
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