SLC-Based Collective Medical Raises $47.5M Series A Round

Led by Kleiner Perkins, participation from Bessemer Venture Partners, Maverick Ventures, Kaiser Permanente Ventures, Providence Ventures, Peterson Ventures, Epic Ventures.

SLC-based Collective Medical has been bootstrapped for eight years. That’s a long period of time for anything, especially when one trying to build a successful healthcare tech company. It also means that when you’re ready to accept outside funding, do so in style.

Today, Collective Medical is announcing a Series A round that is indeed stylish — $47.5 million led by Kleiner Perkins with a participation from Bessemer Venture Partners, Maverick Ventures, Kaiser Permanente Ventures, Providence Ventures, Peterson Ventures, Epic Ventures.

Chris Klomp, CEO of Collective Medical, on the funding:

“We’re putting collaboration at the heart of the solution to a fragmented healthcare system. Our job is to connect care teams. By arming providers and payers with real-time insights and a platform to seamlessly collaborate across organizations and care settings, we ensure patients don’t slip through the cracks. We are beyond excited and grateful to be joined by such an extraordinary group of investors who share our vision for further enriching and expanding our network to help care teams provide the most effective care possible.”

I will be writing a full profile on Collective Medical in the coming weeks, tracing their path from bootstrapped company to a tech behemoth improving people’s lives in healthcare. Stay tuned and until then, enjoy your day.