DUOS, a Minneapolis-based AI-powered digital health platform, has secured $130 million in strategic growth equity investment.
Investors
The round was led by FTV Capital, with participation from early investor Forerunner Ventures.
FTV Capital is a growth equity investment firm founded in 1998 that has raised over $10.2 billion to invest in high-growth companies across financial technology, vertical software, enterprise technology and services, and healthcare technology and services. The firm employs a sector-focused, thematic investing approach and provides portfolio companies with strategic support through its Global Partner Network of 600+ executives and FTV Propel, an in-house operational team. To date, FTV has invested in more than 150 companies.
As part of the transaction, Alex Mason, Partner at FTV Capital, and Justin Levine, Vice President at FTV Capital, joined DUOS’ board of directors.
DUOS Use of Funds
The investment will accelerate platform innovation, enhance AI capabilities, and expand go-to-market operations.
About DUOS
Founded in 2020, DUOS is an AI-powered digital health platform for member activation and benefits execution. The platform combines AI-driven insights with human support to guide members through benefits such as Medicaid redetermination, Annual Wellness Visits, and pharmacy enrollment. DUOS’ AI infrastructure learns from member behavior, predicts next steps, and deploys timely interventions to maximize retention and revenue for health plans. Headquartered in Minneapolis, Minnesota, DUOS is on a mission to reimagine freedom at any age.
Funding Details
Company: DUOS Living, Inc.
Raised: $130.0M
Round: Strategic Growth Equity
Funding Date: October 2025
Lead Investor: FTV Capital
Additional Investors: Forerunner Ventures
Company Website: https://www.getduos.com/
Software Category: AI-powered Digital Health / Member Engagement
Source: https://www.businesswire.com/news/home/20251009440316/en/