Microsoft unit M12 backed the healthcare data software provider in a round that valued the latter at $1.3bn, pushing its overall funding past $225m.
Innovaccer, a US-based developer of data management software for the healthcare sector, pulled in $105m on Wednesday through a series D round that included M12, the corporate venturing arm of software provider Microsoft.
Hedge fund manager Tiger Global Management led the round with participation from B Capital Group, a venture capital firm backed by consultancy Boston Consulting Group, as well as Mubadala Capital, Steadview Capital, Dragoneer and Omers Growth Equity, a subsidiary of pension fund manager Ontario Municipal Employees Retirement…
