Socially Determined®, a Washington- based the healthcare analytics company that delivers Social Risk Intelligence™ to organizations committed to addressing the Social Determinants of Health (SDOH), announced that it closed a $26 million Series B financing.
The investment was led by Questa Capital with participation from existing investors LRVHealth, OSF Healthcare, Ziegler Link-Age Funds and HealthWorx, the investment and innovation arm of CareFirst BlueCross BlueShield (CareFirst).
The company will use proceeds of the investment to accelerate the growth and scale of its pioneering solutions through product enhancements, sales and marketing initiatives, and research and development focused on further technology and platform automation.
Company: Socially Determined, Inc.
Raised: $26.0 M
Round: Series B
Funding Month: June 2022
Lead Investors: Questa Capital
Additional Investors: LRVHealth, OSF Healthcare, Ziegler Link-Age Funds and HealthWorx, CareFirst BlueCross BlueShield (CareFirst).
Company Website: https://www.sociallydetermined.com/
Software Category: Social Risk Intelligence™ solutions
About the Company: Socially Determined provides Social Risk Intelligence™ solutions to organizations committed to addressing the Social Determinants of Health (SDOH) impacting their communities and people. The company’s SaaS platform, SocialScape®, and its advisory services deliver unmatched intelligence into social risk dynamics and their effect on health outcomes and business performance through secure, scalable data processing and proprietary analytics. Socially Determined, recently named by Fierce Healthcare as one of the 15 most promising healthcare companies, is headquartered in Washington, DC.
Source: https://www.businesswire.com/news/home/20220628005262/en/Socially-Determined-Closes-26M-Series-B-Financing-to-Set-the-Standard-for-Propelling-Successful-Health-Equity-and-SDOH-Initiatives