Corporates help put money into Collective

Nov 15, 2017 • Sam McCaffrey

Providence Health & Services and Kaiser Permanente have formed part of care management platform Collective Medical's $47.5m series A round.

US-based patient management software developer Collective Medical Technologies secured $47.5m in series A funding yesterday from a consortium including care providers Providence Health & Services and Kaiser Permanente.

Venture capital firm Kleiner Perkins Caufield & Byers led the round, which included Bessemer Venture Partners, Maverick Ventures, Peterson Ventures and Epic Ventures. Providence and Kaiser Permanente contributed through respective subsidiaries Kaiser Permanente Ventures and Providence Ventures.

Collective has created a software platform made up of two products that manage patient care on…

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