Basalt Health Raises $20M Series A

Basalt Health, based in Nashville, Tennessee, is an AI-powered platform designed to streamline the post-acute care admissions process. The company announced it has raised $20 million in Series A funding, bringing its total capital raised to approximately $24.5 million.

Investors

The funding round was led by NEA, a return investor. Additional participants included existing investors Frist Cressey Ventures and 25m Health.

Basalt Health Use of Funds

Basalt Health plans to utilize the capital to fuel product expansion, specifically moving into discharge and payer workflows, and to grow its engineering, sales, marketing, and implementation teams.

About Basalt Health

Founded in 2024 by CEO Ben Hackett, Basalt Health provides an AI platform that acts as a layer for post-acute care admissions. The software reads patient referrals arriving via fax, portals, or EMR integration and evaluates them against clinical and payer criteria to facilitate faster placement decisions.

Funding Details

Company Website: https://basalt.health

Company: Basalt Health
Raised: $20M
Round: Series A
Funding Date: September 24, 2026
Lead Investor: NEA
Additional Investors: Frist Cressey Ventures, 25m Health
Software Category: Healthcare AI
Source: https://www.businesswire.com/news/home/20260924615578/en/Basalt-Health-Raises-%2420M-Series-A-Led-by-NEA-to-Speed-Post-Acute-Admissions