Health Catalyst, a US-based firm focused on healthcare data, has raised $70m in a round backed by CHV Capital, the venture unit of Indiana University Health.
The round was led by Norwest Venture Partners, which was joined by fellow existing backers Sequoia Capital, Kaiser Permanente Ventures, Sorenson Capital, Partners HealthCare, and CHV. The round was also joined in participation by Sands Capital Ventures, Tenaya Capital, Epic Ventures, and Leavitt Equity Partners.
To date, the company has raised $165m since being founded in 2008. Funds raised in the latest round will go towards continued product development. Catalyst’s platform allows for data hosting and analytics for clinical, financial, and operational parts of a healthcare operation, and has attracted numerous university healthcare systems as clients, including Indiana, Kansas, and Stanford.
Dan Burton, Health Catalyst’s CEO, said: “We are thrilled both that our existing investors chose to continue their relationship with us, and that significant new investors are joining our effort to advance major innovations for US healthcare. We were honoured to be significantly oversubscribed for this latest round of financing, and are grateful for the market validation of the effectiveness of Health Catalyst’s platform and solutions.”