Fold Health raises $6 million in funding led by Iron Pillar

economictimes.indiatimes.com:

funding, led by Iron Pillar. Other participating investors included Iora Health founder and former CEO Dr Rushika Fernandopulle, National Quality Forum former president and CEO Dr Christine Cassel, Aetna former board member Dr Molly Coye, Cigna former chief growth officer Sridhar Krishnan, and Perot Jain managing partner Anurag Jain. The capital infusion will be used to continue scaling the San Francisco- and Pune-headquartered startup's platform and hire talent.

“We have got nine customers with about 15,000 lives among them. This year, we should be at 10X or more of that in the next 12 months,” founder and CEO Abhijit Gupta told ET. The company, which operates in the primary healthcare space, currently employs 40 people in Pune and nine in the United States, he added.

Having recently opened its research and development office in Pune, 2021-founded Fold Health is also looking to rapidly expand its headcount across the US. Fold Health's platform is an end-to-end solution for healthcare providers, which integrates with electronic health records and allows its customers to use software tools to automate tasks. The latest funding brings the overall capital raised by the company to $12 million.

It had earlier raised $6 million from angel investors including Athenahealth founder and former CEO Jonathan Bush and former chief technology officer Prakash Khot, General Catalyst partners Gokul Rajaram and Anand Chandrasekharan, Matrix Health managing partner Avnish Bajaj, among others. Founder and CEO Gupta along with cofounder and president Ram Sahasranam had previously together also founded Praxify Technologies, which was acquired by Watertown, Massachusetts-based healthtech company Athenahealth for $63 million in June 2017. «Abhi