Microsoft’s M12 subsidiary led an extension that brought Innovaccer’s series B round to a $35m close, and the company’s overall funding to $51m.
US-based healthcare data software producer Innovaccer confirmed on Friday that it has completed a $35m series B round following an extension led by software producer Microsoft’s corporate venturing arm, M12.
The initial $25m tranche was led by private equity house Westbridge Capital in May 2018 with participation from Lightspeed Ventures, suggesting that M12’s commitment was $10m, though TechCrunch reported the unit’s investment late last week as being $11m in size.
Founded in 2014, Innovaccer has developed a healthcare data platform…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
