COMPANY INFO
Innovaccer Inc. is a digital healthcare company founded in 2012 by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta. The company has around 1,500 employees and is headquartered in San Francisco, California, with a website at www.innovaccer.com. Innovaccer provides an AI-powered healthcare intelligence cloud platform that integrates fragmented healthcare data into actionable insights, enhancing patient care and operational efficiency. It supports healthcare organizations in value-based care initiatives by enabling connected, data-driven decision-making across the continuum of care. (innovaccer.com/about, crunchbase.com/organization/innovaccer, en.wikipedia.org/wiki/Innovaccer)
Innovaccer Inc. is a leading digital healthcare company founded in 2014 by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta. Headquartered in San Francisco, California, Innovaccer employs approximately 1,500 people and specializes in healthcare data analytics and artificial intelligence. The company’s cloud-based healthcare intelligence platform integrates fragmented data to deliver actionable insights, driving better patient care and operational efficiency. Innovaccer empowers healthcare organizations to succeed in value-based care models by facilitating connected, data-driven decision-making across the continuum of care.
Innovaccer Inc. funding history reflects a strongly growth-oriented and strategic approach. To date, the company has raised approximately $675 million through 9 funding rounds from a robust group of venture capital and institutional investors. Key milestones include scaling their AI-powered healthcare cloud, expanding into new markets, and enhancing product capabilities. Funding has supported both product development and expansion initiatives, and the company’s valuation has climbed significantly, reaching a post-money valuation of $3.45 billion after its most recent Series F round in January 2025. This progressive fundraising strategy underscores Innovaccer Inc.'s position as a major innovator in healthcare data analytics.
This Series F round was structured to support the scaling of Innovaccer Inc.’s healthcare intelligence cloud platform. The round included substantial primary and secondary investments, with 35% allocated for liquidity to early seed and Series A investors. This infusion is set to fuel Innovaccer’s next phase of growth and solidify its leadership in AI-driven healthcare.
The Series E round focused on further market expansion and scaling operations. This was Innovaccer’s largest round at the time, boosting its post-money valuation to $3.2 billion and accelerating ambitious growth plans.
Series D funding was primarily aimed at propelling company growth, scaling staffing and operations across existing and new markets, and supporting product innovation. The valuation at this stage reached $1.3 billion.
Funds from the Series C round were used for product development as well as expansion into new markets, supporting Innovaccer Inc.’s mission to deliver data-driven healthcare transformation.
This Series B round, led by prominent venture capital firms, was geared toward business scaling and expanding market reach.
An additional Series B injection helped Innovaccer continue scaling its operations and product offerings.
This early growth round funded initial product development and organizational scaling.
Seed funding supported Innovaccer’s initial launch and product development, providing crucial early-stage capital.
An initial undisclosed seed round primarily supported the company’s launch activities.
B Capital Group is a leading global venture capital firm investing across multiple rounds and playing a critical role in Innovaccer Inc. funding. Their ongoing partnership has been instrumental in supporting Innovaccer’s strategic vision and growth.
Banner Health, through its venture and innovation divisions, has contributed both capital and healthcare industry expertise, supporting Innovaccer’s efforts to integrate healthcare data systems.
Danaher Ventures LLC is the investment division of Danaher Corporation, providing strategic funding and industry alignment for Innovaccer’s advanced healthcare solutions.
Generation Investment Management, co-founded by Al Gore, focuses on sustainable investing and has backed Innovaccer Inc. as part of their commitment to data-driven health innovation.
Kaiser Permanente, one of the largest healthcare providers in the United States, has invested to further integrated care solutions and align with Innovaccer's mission of value-based patient care.
M12, Microsoft’s venture capital arm, has been a significant investor in multiple rounds, bringing not only funding but strong technological partnership and cloud expertise to Innovaccer funding rounds.
Schonfeld is a global investment management firm providing capital for Innovaccer’s expansion and scale-up strategies during key late-stage funding rounds.
Whale Rock Capital Management, a technology-focused investment firm, supported Innovaccer’s Series E round, strengthening its late-stage financial position.
Mubadala Capital Ventures, based in Abu Dhabi, has been part of several later-stage rounds, broadening Innovaccer’s global reach and connections.
OMERS, one of Canada’s largest pension funds, backed Innovaccer during several strategic rounds, aligning with their commitment to long-term healthcare disruption.
Dragoneer, known for investing in leading growth companies, was a key player in multiple Innovaccer venture capital rounds, facilitating rapid scaling.
Steadview Capital is a global long-term investor providing both capital and operational expertise across several rounds of Innovaccer funding.
Tiger Global Management, one of the most prolific venture capital investors, backed Innovaccer during pivotal growth rounds, enabling swift expansion.
Avidity Partners contributed to Innovaccer’s Series E round, focusing on advancing healthcare technology as part of its investment thesis.
WestBridge Capital has been a prominent backer since the early stages, including Series A and B rounds, aiding Innovaccer Inc.’s initial scaling and product launch.
Lightspeed India participated in early funding rounds, supporting Innovaccer’s venture and growth within India and internationally.
Pravega Ventures was involved in early-stage financing, nurturing Innovaccer’s foundational growth and initial product market fit.
Peak XV Partners (formerly Sequoia Capital India & Southeast Asia) provided additional global venture capital network support.
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