Element5 Raises $15 Million in Series A

by Kay Aloha Villamor in August 19th, 2021

Element5, an Automation as a Service solution leveraging AI and RPA for post-acute care, announced the closing of its Series A round of funding led by global private equity and venture capital firm Insight Partners. The fundraising round also saw participation from industry leaders, Maxwell Investment Partners, LLC.

Element5 will use the financing to accelerate the growth of its world-class product for post-acute care while strengthening its market foothold through customer expansion and scaling of global operations.

Company: Element5

Raised: $15.0M

Round: Series A

Funding Month: August 2021

Lead Investors: global private equity and Insight Partners

Additional Investors: Maxwell Investment Partners, and LLC

Company Website: https://www.e5.ai/ 

Software Category: Automation as a Service solution leveraging AI and RPA 

About the Company: Founded in 2019, Element5 uses Artificial Intelligence (AI) and Robotic Process Automation (RPA) to deliver SaaS-based automated workflows for home health, hospice, senior living, skilled nursing, and other allied healthcare verticals. Element5 delivers end-to-end workflow automation that uses software robots, which log into everyday systems and perform daily administrative tasks exactly like a human would, helping teams save hours on repetitive clicks.

Source: https://www.prnewswire.com/news-releases/element5-raises-15-million-series-a-to-help-post-acute-care-spend-less-time-on-administrative-work-301356445.html

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