Originally published by FinSMEs on January 26, 2023
Pearl Health, a New York-based technology company focused on physician enablement and risk bearing in value-based care, raised $75M in Series B funding.
The round, comprised of $55M in equity capital and an anticipated $20M in a line of credit, was led by Andreessen Horowitz’s Growth Fund and Viking Global Investors, with participation from AlleyCorp, and SV Angel’s Growth Fund. The round brought Pearl’s total funding to date to more than $100M.
The company intends to use the funds to continue to expand its reach within primary care, develop new partnerships, broaden the offerings it makes available to its provider partners, and invest more in research & development to accelerate innovation.
Led by CEO Michael Kopko, Pearl Health offers software and services that allows providers reimagine how they visualize, understand, and care for their patients. The company supports primary care organizations and providers in their transition to value-based care and surfaces data and insights that help them deliver proactive care, decrease total cost of care across patient panels, and optimize performance in risk-bearing models.
Over the past year, more than 800 primary care providers across the country partnered with Pearl.