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.
If you were given $70 million, what would you do? I know I would buy a large amount of Doritos, golf non-stop everyday, and pay my friends to embarrass themselves publicly — which is obviously why no one will ever give me money, nor should they.
Health Catalyst, a healthcare data company based in Utah, actually does have $70 million, thanks to a recent funding round led by Norwest Venture Partners and including contributions from Sequoia Capital, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital, Partners HealthCare, Sands Capital Ventures, Tenaya Capital, Epic Ventures, and Leavitt Equity Partners.
With the added money, Health Catalyst’s spending goals are much more lofty, admirable, and profitable than my own — no doritos, just significant financial contributions to continued product development, in turn boosting the overall efficiency and effectiveness of healthcare as a whole.
“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,” Health Catalyst CEO Dan Burton said in a press release. “We were honored 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.”