Turquoise Health, a San Diego, CA–based multi-sided healthcare pricing and payment platform, has raised $40 million in Series C funding.
Investors
The round was led by Oak HC/FT, with participation from Andreessen Horowitz, Adams Street Partners, and Yosemite.
Oak HC/FT is a venture and growth equity firm specializing in fintech and healthcare investments. Using partnership as a foundation, Oak HC/FT supports companies and founders at every stage, from Seed to growth, to build businesses that deliver measurable and lasting impact. Founded in 2014, the firm has invested in over 100 portfolio companies and manages over $7 billion in assets. Based in Stamford, CT, with an office in San Francisco, CA.
Turquoise Health Use of Funds
The company will use the funds to support go-to-market efforts, accelerate product development, and expand its workforce.
About Turquoise Health
Founded by Chris Severn and Adam Geitgey, Turquoise Health is a multi-sided healthcare pricing and payment platform focused on improving transparency and efficiency in the healthcare financial system. By centralizing contract data, pricing information, and clinical coverage rules, the company enables providers, payers, and other stakeholders to access accurate, actionable pricing insights. Its platform includes tools such as Clear Rates, which aggregates diverse pricing data into auditable rates, and Contracts, which uses AI to transform static agreements into dynamic, searchable systems. Headquartered in San Diego, CA, Turquoise Health’s platform is used by more than 280 customers.
Funding Details
Company: Turquoise Health
Raised: $40.0M
Round: Series C
Funding Date: March 2026
Lead Investor: Oak HC/FT
Additional Investors: Andreessen Horowitz, Adams Street Partners, Yosemite
Company Website: https://turquoise.health/
Software Category: Healthcare Pricing and Payment Platform
Source: Turquoise Health