1upHealth Raises $25 Million for Healthcare Data Exchange Platform

1upHealth, a software platform for patients, providers, and app developers to aggregate and share medical data and wearable device metrics, raised $25 million in a Series B funding round.

The funding round was led by F-Prime Capital. Existing investors Jackson Square Ventures (which led our Series A), Eniac Ventures, and Social Leverage, also participated.

The company plans to use the new funds to expand its FHIR connectivity & compute platform used by health plans, providers, app developers, and pharma companies.

The 1upHealth FHIR interoperability focuses on bridging the gap between patient-centered data and provider needs, creating a platform for patients, providers, and app developers to enable access, aggregation, and sharing of healthcare data.

According to the company, its platform connects over 10,000 health systems across the U.S., allowing access to over 280 million patients and receive electronic health records in a clean and consistent FHIR format.

“With this new round of capital, we’re positioned for rapid growth. Not only does 1up have the best technology and most complete product available, but we are now the best capitalized FHIR infrastructure platform in the world. Add that to the most health plan implementations going live in the U.S., and we are set up to have a huge impact in the healthcare industry. There’s a long road ahead to achieve the level of change we expect to push forward. As a team of technologists, we feel a sense of optimism in the opportunities that lie at the confluence of healthcare, biology, and technology, which our new investors at F-Prime understand so well,” the company said in a statement.

Digital Health companies raised a record $7.2 billion in Q1 2021, up 60% compared to $4.5 billion in Q4 2020. Recently, Medchart, a cloud-based health information exchange platform, raised $17 million in seed and Series A funding.