Flatiron Health Raises $130M Led by Google Ventures
May 09, 2014
Healthcare technology platform Flatiron Health has announced a $130 million raise for its Series B funding round, which was led by Google Ventures and joined by existing investors First Round Capital and Laboratory Corporation of America. Flatiron has also reached an agreement to acquire a Web-based oncology software company that also develops electronic medical records systems. The two companies expect to finalize the transaction by the end of May 2014.
Flatiron allows cancer centers, physicians and life science companies to gain actionable insights from clinical, practice management and billing data that is usually trapped in EMR systems and doctors' free-text notes. The company, which previously raised $8 million of Series A funding at a $42 million valuation, will use the Series B capital to fund the aforementioned acquisition.