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How Much Did Tennr Raise? Headquarters, Funding & Key Investors

Tennr has raised $159.25 million across four funding rounds, supporting its mission to automate referral-based patient processing. The company closed a $3.25M Seed round, followed by an $18M Series A, a $37M Series B, and a $101M Series C led by IVP with participation from a16z, Lightspeed, GV, ICONIQ, and Foundation Capital. These investments have fueled Tennr’s rapid growth, helping providers reduce denials, accelerate referral coordination, and improve patient visibility. With revenue tripling since Series B, Tennr continues scaling Tennr Network to unify referring providers, receiving providers, and patients.

    Tennr automates patient processing for referral-based care, helping healthcare providers convert more patients, reduce denials, and streamline intake without expanding staffing. The platform processes referrals from fax, email, and e-portals, delivering a unified workflow to accelerate care delivery.

    Founded by engineers Trey Holterman, Diego Baugh, and Tyler Johnson, Tennr grew out of firsthand experience with the inefficiencies and delays in traditional referral pipelines. The company now powers millions of processed patients across hundreds of provider partners.

    What Is Tennr and What Does It Do?

    Tennr, founded in 2021 by Trey Holterman, Diego Baugh, and Tyler Johnson, is a U.S.-based healthcare technology company that automates patient processing for referral-driven care.

    It builds software that unifies referral intake from fax, email, and portals, enabling providers to reduce delays, improve documentation completeness, and increase referral conversions. Tennr Network connects all stakeholders—referring providers, receiving providers, and patients—to provide full transparency into referral status, scheduling, documentation needs, and expected costs.

    Tennr employs 51-200 employees, supporting health systems, specialty care groups, and referral-based clinics nationwide.

    How Much Funding Has Tennr Raised?

    1. Seed Round

    • Amount Raised: $3.25M
    • Lead Investors: Foundation Capital
    • Motivation: To build Tennr’s core automation engine and early referral-processing infrastructure.

    2. Series A

    • Amount Raised: $18M
    • Lead Investors: Andreessen Horowitz
    • Motivation: To expand product capabilities and scale engineering and go-to-market teams.

    3. Series B

    • Amount Raised: $37M
    • Lead Investors: Lightspeed Ventures
    • Motivation: To accelerate Tennr Network development and support rapidly increasing provider demand.

    4. Series C

    • Amount Raised: $101M
    • Lead Investors: IVP
    • Motivation: To grow national reach, triple revenue, and scale Tennr Network across hundreds of provider systems.

    Total Funding Raised: $159.25 Million

    Latest Funding Date: June, 2025

    Key Investors

    1. IVP

    • Details: IVP is a leading growth-stage venture firm backing high-scale enterprise software companies.
    • Investment Focus Areas: SaaS, healthcare software, consumer tech.
    • Notable Investments: Slack, Dropbox, Discord, Robinhood, Tennr.

    2. Andreessen Horowitz (a16z)

    • Details: One of the world’s top venture firms, investing across consumer, enterprise, and bio/health.
    • Investment Focus Areas: AI, healthcare, software, infrastructure.
    • Notable Investments: Airbnb, Instacart, Stripe, Devoted Health, Tennr.

    3. Lightspeed Venture Partners

    • Details: A global VC fund supporting early and growth-stage startups.
    • Investment Focus Areas: SaaS, enterprise, healthtech, AI.
    • Notable Investments: Snap, Rubrik, Guardant Health, Faire, Tennr.

    4. GV (Google Ventures)

    • Details: Venture capital arm of Alphabet investing in transformational technologies.
    • Investment Focus Areas: AI, healthcare, security, deep tech.
    • Notable Investments: Uber, Flatiron Health, GitLab, One Medical, Tennr.

    Where Is Tennr’s Headquarters?

    Tennr is headquartered in the United States, strategically located to collaborate with healthcare providers nationally. Its position within a major U.S. tech and healthcare hub gives it strong access to clinical partners, research networks, and engineering talent, supporting rapid expansion of Tennr Network.

    What’s Next for Tennr?

    Tennr plans to scale Tennr Network into the industry’s first end-to-end referral coordination layer, connecting all stakeholders with real-time transparency. With rapid revenue growth and a $101M Series C behind it, Tennr will expand integrations, enhance automation across documentation workflows, and reach more specialty care networks.

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