Tennr, a New York-based healthcare technology company, raised $18 million in Series A funding, bringing its total raised to over $25 million.
Investors
The funding round was led by a16z, with participation from Foundation Capital and The New Normal Fund. Other investors from the seed round include YCombinator, Zaza Pachulia, Jennifer Kaehms, and other notable health and AI-focused investors.
Andreessen Horowitz (aka a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. They invest in seed to venture to growth-stage technology companies, across AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z has $35B in assets under management across multiple funds.
Tennr Use of Funds
Tennr intends to utilize the investment to expand its team, scale its operations, and further develop its automation technology, particularly focusing on tasks initiated by fax in healthcare organizations.
About Tennr
Founded in 2021 by Trey Holterman, Diego Baugh, and Tyler Johnson, Tennr specializes in using AI to automate manual tasks for healthcare providers, particularly focusing on analyzing and responding to information in faxed documents. Their goal is to streamline operations for healthcare organizations, allowing them to see more patients, increase revenue, and grow their businesses. The automation is tailored to each organization's specific workflows, integrating seamlessly with existing tools.
Funding Details
Company: Tennr Incorporated
Raised: $18.0M
Round: Series A
Funding Month: March 2024
Lead Investors: a16z
Additional Investors: Foundation Capital, The New Normal Fund, YCombinator, Zaza Pachulia, Jennifer Kaehms
Company Website: https://www.tennr.com/
Software Category: Document Automation
Source: https://newsdirect.com/news/tennr-puts-fax-machines-back-in-vogue-for-healthcare-organizations-using-ai-as-it-secures-18m-from-a16z-450162029