Care coordination software startup Unite Us closed a $150 million Series C funding round at a $1.6 billion valuation.
Iconiq Growth led the round, with participation from Emerson Collective, Optum Ventures, Transformation Capital, Define Ventures, Salesforce Ventures, Town Hall Ventures, and other healthcare partners.
The company plans to use a part of the proceeds from this round to invest in Unite Us Payments, which records and processes payments to their trusted network of community partners. Also, Unite Us will further fund its interoperability framework to ensure that those serving clients in need can do so seamlessly across operating systems, the company said.
“Unite Us’ leadership and vision in enabling coordinated, connected communities gives us hope for a future where every individual receives the holistic, whole-person care they need,” says Caroline Xie, General Partner at ICONIQ Growth. “We are delighted to be embarking on this partnership with the Unite Us team and look forward to supporting the company’s growth and vision with our team and global resources.”
Unite Us offers an outcome-focused coordination software that connects community-based organizations with health care providers, health plans, state and local governments, and private foundations. The company works with thousands of organizations, including Kaiser Permanente, CyncHealth, the Commonwealth of Virginia, Humana, CommonSpirit Health, CVS Aetna, the Cleveland Clinic, and United Ways.
“For the last decade, Unite Us has helped communities become operationally efficient by building the only operating system for social care. Over the next decade, with Unite Us Payments, we will facilitate an economic relationship between healthcare and social care to integrate both the delivery and reimbursement of services in communities,” says Taylor Justice, President, and Co-founder of Unite Us.
Unite Us has raised nearly $200 million to date. Practice management software startups have raised over $2.5 billion since 2010, according to Mercom funding data.