Tennr, a New York-based platform that automates patient processing for referral-based care, has raised $101 million in Series C funding.
Investors
The round was led by IVP, with participation from Andreessen Horowitz, Lightspeed, GV, ICONIQ, Foundation Capital, and Frank Slootman.
IVP is a venture capital firm that accelerates the growth of breakout companies, helping them turn early momentum into market leadership. The firm primarily invests in late-stage and growth-stage technology companies across software, fintech, health tech, and consumer technology. With over 130 IPOs out of 400 investments, IVP helps ambitious founders defy limits, dominate industries, and secure lasting leadership.
Tennr Use of Funds
The company will use the capital to scale its orchestration platform, expand the newly launched Tennr Network, and grow its engineering and go-to-market teams to support rapid adoption among providers.
About Tennr
Founded by Trey Holterman, Diego Baugh, and Tyler Johnson, Tennr is a healthcare technology company that automates referral management and administrative workflows using AI. Leveraging a proprietary orchestration engine and domain-specific language models (RaeLM), Tennr helps providers process referrals faster, reduce denials, and deliver a transparent, seamless experience for patients and specialists. Headquartered in New York, NY, Tennr's mission is to convert more patients and increase visibility across the entire referral process.
Funding Details
Company: Tennr Incorporated
Raised: $101.0M
Round: Series C
Funding Date: June 2025
Lead Investor: IVP
Additional Investors: Andreessen Horowitz, Lightspeed, GV, ICONIQ, Foundation Capital, Frank Slootman
Company Website: https://www.tennr.com/
Software Category: Healthcare Orchestration / Referral Automation / AI in Healthcare
Source: https://www.prnewswire.com/news-releases/healthcare-referrals-are-where-patients-get-lost-tennr-raises-101m-to-bring-the-visibility-our-system-desperately-needs-302485255.html