Zus Health, a healthcare data interoperability platform, closed a $34 million Series A financing led by Andreessen Horowitz (a16z). F-Prime Capital, Maverick Ventures, Rock Health, Martin Ventures, and Oxeon Investments also participated in the round.
The company plans to use the new funds to grow its engineering team and invest in the platform, tools, and products supporting digital healthcare software developers.
“Healthcare isn’t a three trillion-dollar market. It is thousands of billion-dollar markets for which the all-you-can-eat buffet technology we used has never been quite a perfect fit. The software needed by a neurologist, a surgeon, and a digital health app are all very different. Yet today, we try to jam them all onto one thing. We think healthcare is ripe for a platform company that lets everyone write their front ends while sharing appropriate data in the back,” commented Zus CEO and Founder Jonathan Bush.
Zus Health offers tools and capabilities across the tech stack in areas, including Healthcare Workflows, a suite of software tools and services for patient relationship management, and provider workflow apps, allowing digital health companies to build their own unique experiences and iterate with ease. Data Acquisition and Enrichment, a data aggregation platform for pulling together, cleaning, and joining medical records, claims, and other data.
Data Platform, a health record infrastructure, enables developers to store their data securely and logically joined to the patient record. Patient Identity and Control is a cloud-based software platform that allows patients to share their personal information across disparate sources of their healthcare journey.
The Zus Health platform is used by Cityblock Health, Dorsata, Firefly Health, and Oak Street Health. “Zus is the very embodiment of our core thesis on the digital health tech stack. By collapsing multiple layers of the stack – patient data retrieval, identity management, and workflow automation – into a single platform and creating a community of digital health builders, Zus will enable an entire generation of healthcare developers to spend their time building value at the clinical and experience layer, versus reinventing the infrastructure over and over again,” said Julie Yoo, general partner at Andreessen Horowitz and newly added Zus board member.
Digital Health companies raised a record $7.2 billion in Q1 2021, up 60% compared to $4.5 billion in Q4 2020. VC funding in Q1 2021 increased 100% compared to Q1 2020, when $3.6 billion was raised. Recently, Seqster, which provides cloud-based interoperability solutions to retrieve and harmonize electronic health records, genetic, and continuous monitoring data from distinct sources, raised $12 million in a Series A funding round.
