Tebra has successfully raised significant funding across multiple rounds, with its latest Series B round closing in July 2022. The company provides an all-in-one cloud-based healthcare platform that simplifies operations for independent practices, helping improve patient care and financial outcomes.
What Is Tebra and What Does It Do?
Tebra, founded in 2021 by Dan Rodrigues, Luke Kervin, and Travis Schneider, is headquartered in Corona Del Mar, California. The company offers a unified healthcare software solution that combines practice management, electronic health records (EHR), billing, marketing, and patient engagement tools under one platform.
Tebra empowers healthcare providers to grow their practices, enhance patient experiences, and streamline administrative workflows. With an employee base of 501-1,000, it serves as a trusted digital backbone for over 100,000 providers and 90 million patients across the United States.
How Much Funding Has Tebra Raised?
1. Series A
- Amount Raised: $65 million
- Date: November 2021
- Lead Investors: Golub Capital
- Motivation: To support the merger of Kareo and PatientPop, integrating their platforms into a comprehensive digital healthcare solution.
2. Series B
- Amount Raised: $72 million
- Date: July 2022
- Lead Investors: StepStone Group, Toba Capital
- Motivation: To accelerate growth, expand product offerings, and enhance branding post-merger.
Total Funding Raised: $137 million
Current Valuation: $1 billion (as of July 2022)
Latest Funding Date: July 2022
Key Investors
1. Golub Capital
- Details: A market-leading private debt platform with over $45 billion in capital under management. Golub specializes in delivering creative financing solutions for private equity-backed companies.
- Investment Focus Areas: Healthcare, software, technology.
- Notable Investments: MYOB, ReliaQuest, Catalent, Cyncly.
2. StepStone Group
- Details: A global private markets investment firm providing customized investment and advisory services to institutional investors.
- Investment Focus Areas: Private equity, real estate, infrastructure, private debt.
- Notable Investments: UiPath Inc, Rubrik, Inc, Phathom Pharmaceuticals.
3. Toba Capital
- Details: A venture capital firm investing in enterprise software companies with a focus on building long-term partnerships.
- Investment Focus Areas: Enterprise software, technology, healthcare IT.
- Notable Investments: Alteryx, NurseGrid, Grow, Scoutbee.
4. CommonFund
- Details: An institutional investment firm serving endowments, foundations, and pension plans.
- Investment Focus Areas: Institutional investments, endowments, foundations.
- Notable Investments: Kaltura, Via, Coparion, Lios Ventures..
5. HLM Venture Partners
- Details: A venture capital firm investing in innovative healthcare companies transforming the industry.
- Investment Focus Areas: Healthcare, healthcare IT, medical devices.
- Notable Investments: Phreesia, AbleTo, NeuroFlow, ClearDATA.
Where Is Tebra’s Headquarters?
Tebra is headquartered in Corona Del Mar, California, a strategic location within the state’s healthcare technology corridor. Its base supports collaboration between teams and facilitates access to a wide network of healthcare innovators and providers.
What’s Next for Tebra?
Tebra is focused on strengthening its position as a leading healthcare IT platform for independent practices. The company plans to expand its market reach, launch new data-driven tools, and enhance patient experience capabilities. As digital transformation accelerates in healthcare, Tebra is well-positioned to drive innovation and empower providers nationwide.
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