Phoenix-based information technology company Solera Health has secured $42 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 15 and led by HCSC Ventures.
According to its Crunchbase profile, "Solera is a preventive care benefits manager that connects patients, payers and physicians with a new class of nonclinical healthcare providers, simply and securely. Our technology integrates a diverse ecosystem of community organizations and digital providers to manage patient identification and referrals, reimbursement and payment, while supporting increased consumer engagement."
The four-year-old startup has raised four previous funding rounds, including an $18 million Series B round in 2017.
The round brings total funding raised by Phoenix companies in information technology over the past month to $45 million, an increase of $30 million from the month before. The local information technology industry has seen seven funding rounds over the past year, raking in a total of $91 million in venture funding.
In other local funding news, enterprise software company Virtuous announced a $3 million Series A funding round on April 26, led by MATH Venture Partners.
According to Crunchbase, "Virtuous nonprofit CRM is helping charities raise more money, inspire more action and create more good. Currently, nonprofits are handcuffed to antiquated donor management software, tools that see donors as transactions or sales leads — not relationships. At Virtuous, we believe that true generosity is driven by our relationships and personal passions."
Founded in 2014, the company has raised five previous rounds, including a $200,000 debt financing round in 2018.
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