Aledade builds technology and data platforms that help independent primary care practices transition from fee-for-service to value-based care models. Its platform combines analytics, policy expertise, and guided workflows to improve patient outcomes while increasing revenue for providers. By collaborating with payers, health centers, and clinics across the U.S., Aledade ensures coordinated, preventive care that benefits both patients and practitioners.
What Is Aledade and What Does It Do?
Aledade, founded in 2014 by Farzad Mostashari and Mat Kendall, is a Bethesda-based (United States) healthcare IT company. It develops a platform that supports primary care physicians with advanced analytics, workflow tools, and payer relationships to deliver high-quality, value-based care.
Aledade employs around 1,346 people (as of December 2023). Its technology helps practitioners optimize patient outcomes by integrating clinical data, identifying care gaps, and enabling proactive interventions. Aledade’s mission is to strengthen independent practices and make preventive, coordinated care the foundation of U.S. healthcare.
How Much Funding Has Aledade Raised?
- Series F • Amount Raised: $260 million • Date: June 2023 • Lead Investors: Lightspeed Venture Partners, Venrock, Fidelity Investments, Avidity Capital, OMERS • Motivation: To scale Aledade’s value-based care platform and expand partnerships with payers and clinics nationwide.
- Series E • Amount Raised: $123 million • Date: June 2022 • Lead Investors: Meritech, Fidelity Investments, Tiger Global Management, IVP • Motivation: To accelerate platform innovation and grow physician networks adopting value-based care models.
- Series D • Amount Raised: $100 million • Date: January 2021 • Lead Investors: Meritech, Tiger Global Management, IVP, OMERS • Motivation: To enhance analytics tools and deepen integration with healthcare payers.
Total Funding Raised: $780 Million
Current Valuation: $3.5 Billion (as of June 2023)
Latest Funding Date: June 2023
Key Investors
- Fidelity Investments • Details: One of the world’s largest financial services firms with a strong presence in private equity and venture investments. • Investment Focus Areas: Healthcare innovation, digital infrastructure, and enterprise technology. • Notable Investments: SpaceX, Databricks, and Airtable.
- IVP (Institutional Venture Partners) • Details: A leading late-stage venture capital firm supporting high-growth technology and healthcare companies. • Investment Focus Areas: SaaS, digital health, and enterprise platforms. • Notable Investments: Slack, Coinbase, and Grammarly.
- Lightspeed Venture Partners**• Details: A global venture capital firm backing transformative companies across multiple sectors. • Investment Focus Areas: Healthcare IT, AI, and cloud-based solutions. • Notable Investments: Affirm, Rubrik, and Snap Inc.
Where Is Aledade’s Headquarters?
Aledade is headquartered in Bethesda, Maryland (United States) a strategic hub for healthcare policy and technology innovation. Its proximity to Washington, D.C. enables close collaboration with regulatory bodies, medical institutions, and healthcare policymakers, supporting its mission to transform primary care through data-driven value-based care.
What’s Next for Aledade?
Aledade aims to strengthen its value-based care network, serving more independent practices across the U.S. The company plans to invest in AI-driven analytics, patient engagement tools, and deeper payer collaborations. Challenges include managing regulatory complexities and maintaining scalable growth while preserving clinical quality. With its growing ecosystem and solid investor backing, Aledade is well-positioned to shape the next decade of primary care transformation.
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