Innovaccer announces $275 million Series F transaction
The healthcare AI company’s financing combined new investment with shareholder liquidity.
Innovaccer announced a $275 million Series F transaction on January 9, 2025, combining primary investment and secondary share sales. Participants included B Capital, Banner Health, Danaher Ventures, Generation Investment Management, Kaiser Permanente and M12 (Microsoft’s Venture Fund). The issuer did not disclose how much of the total would go directly to the company.
Innovaccer planned to expand work with existing customers, add AI and cloud capabilities, and grow its developer ecosystem. Its proposed agents and copilots covered clinical documentation, care management, prior authorization and contact-center operations.
Use of funds
Expand customer collaboration, AI/cloud capabilities and developer ecosystem