RFX Solutions, a Oklahoma City, OK-based company that provides SaaS compliance software for healthcare facilities, has closed a $9 million Series A funding. 

Investors

The funding round was led by Arthur Ventures. 

Arthur Ventures is a Minneapolis-based early growth capital firm that leads investments in B2B software companies. Since 2013, they have partnered with over 50 companies across the United States and Canada. Arthur Ventures manages $1.1 billion and is actively investing from its $300 million fifth fund. 

RFX Solutions Use of Funds

The company will use the funds to accelerate software development, enhance the product roadmap, and bolster sales enablement efforts. This investment propels RFX Solutions forward in its mission to eliminate the cumbersome and error-prone manual management of compliance data and documents in healthcare facilities. 

About RFX Solutions

RFX Solutions provides SaaS compliance software designed to simplify and improve compliance processes within healthcare facilities. The company offers a suite of tools for managing provider credentialing, compliance logs, staff records, contracts, agreements, and electronic binders. With a focus on innovation and customer-centric solutions, RFX is committed to helping healthcare facilities meet regulatory requirements efficiently and effectively. It was founded in 2020 and is based in Oklahoma City, Oklahoma. 

Funding Details 

Company: RFX Solutions, Inc. 

Raised: $9.0M 

Round: Series A  

Funding Month: April 2024  

Lead Investors: Arthur Ventures 

Additional Investors:   

Company Website: https://www.rfxsolutions.com/  

Software Category: Healthcare Compliance 

Source: https://www.businesswire.com/news/home/20240416197231/en/