New York-based healthcare firm US HealthVest has secured $55 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on April 5 and financed by Silicon Valley Bank.
According to its Crunchbase profile, "US HealthVest is an innovative behavioral healthcare firm that has redefined the psychiatric hospital space. De novo strategies and acquisitions of operating facilities with unrealized potential are the core of the US HealthVest business model."
The seven-year-old company has raised four previous funding rounds, including a $10 million round in 2018.
The round brings total funding raised by New York companies in health care over the past month to $216 million, an increase of $151 million from the month before. The local health care industry has produced 197 funding rounds over the past year, securing a total of $2.9 billion in venture funding.
In other local funding news, shipping and marine transportation company Nautilus Labs announced an $11 million Series A funding round on April 4, led by M12.
According to Crunchbase, "Nautilus is building artificial intelligence to advance the efficiency of ocean commerce. We deliver technology to help shipping companies minimize fuel consumption, maximize operational efficiency, and optimize fleet performance. By arming ship owners and operators with real-time predictive decision support, Nautilus is reducing greenhouse gas emissions and making global trade sustainable."
The company also raised a $2 million seed round in 2016.
Meanwhile, payments company Boost Payment Solutions raised $7 million in Series B funding, announced on April 3.
From the company's Crunchbase profile, "Boost Payment Solutions is a leading B2B acquirer providing organizations with ground-breaking solutions and technology to optimize commercial card payments and acceptance making the migration of paper-based payments to electronic alternatives easy and seamless."
Boost Payment Solutions last raised Series A funding in 2017.
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