Navina, a New York-based healthcare technology company that uses data to transform every provider-patient interaction, announced that it raised $22 million in Series B funding, doubling the total investment to $44 million.
The round was led by ALIVE Israel HealthTech Fund, with participation from existing investors: Grove Ventures, Vertex Ventures Israel, and Schusterman Family Investments.
The new funding will be used to accelerate the growth and adoption of Navina's platform among US physician groups and the enterprise healthcare market.
The company will further invest in its AI technology and clinical algorithms and expand its integration of more emerging data sources to deliver physicians a single source of truth—no matter how complex the information is.
"We welcome ALIVE into our family of investors and are gratified by the continued support of our initial investor group," said Ronen Lavi, co-founder and CEO of Navina.
"Our mission, from the beginning, has been to give physicians the time and confidence they need to stay ahead of their patients' health and to transform the physician-patient interaction, changing it from reactive to proactive. As Israel's top HealthTech fund, whose leaders are former directors of the country's largest hospitals and medical centers and accomplished investors, ALIVE is the ideal partner for this journey."
The company has added thousands of new users in the primary care market in 2022 through relationships with sophisticated value-based care and multi-state physician groups across the US. This rapid adoption drove a 10x increase in revenue for Navina over just the last six months.
Company: Navina Technologies Ltd.
Raised: $22.0M
Round: Series B
Funding Month: October 2022
Lead Investors: ALIVE Israel HealthTech Fund
Additional Investors: Grove Ventures, Vertex Ventures Israel, and Schusterman Family Investments
Company Website: https://www.navina.ai/
Software Category: AI Primary Care
About the Company: Navina uses medically-informed AI to turn chaotic data into an intuitive and concise patient portrait that gives physicians a deep understanding of their patient's health status. The platform can uniquely put exactly the right information in front of physicians at the right time to give them a deep understanding of their patients at a glance and actionable insights at the point of care. Designed for and loved by physicians, Navina allows for high-quality and empathic patient care, resulting in better treatment, reduced missed diagnoses, and a reduced burden on physicians. In the past year, the Navina platform expanded its footprint to include physicians and their supporting staff, aligning workflows across all stakeholders in their common goal of effectively serving their patient populations and improving value-based care.
Source: https://www.navina.ai/resources/series-b