Kyruus Raises $42 Million in New Financing After Delivering Another Year of Record Growth January 8, 2020

Kyruus, a provider of search and scheduling solutions for health systems, recently announced that it raised $42 million in new financing in a Series D round that brings its total funding to more than $125 million since its founding in 2010. Venrock and Highland Capital Partners led the round, with participation from other existing investors such as Providence Ventures and Salesforce Ventures.

Kyruus, which already serves one in five U.S. health care providers, plans to use the new funds to extend its product portfolio while also consolidating providers across the U.S. on its platform. The company welcomed 20 new health systems to its customer community in 2019, and now works with more than 50 of the top 300 health systems nationwide. Its 2019 momentum was fueled in part by health systems that want to replicate the impact Kyruus has demonstrated with early adopters of online scheduling through its ProviderMatch platform.

“At a time when disjointed point solutions are crowding the market, Kyruus’ momentum reflects the value that health systems are placing on an enterprise-wide platform that enables them to engage and route their patients to the right care within the network,” said Kyruus CEO Dr. Graham Gardner. “We feel fortunate to have developed our solution in partnership with many of the leading health systems over the last decade and are honored to now be in a position to connect more patients to the care they need across the globe.”

Kyruus recently announced partnerships with Brandify and Uber Health. These collaborations build on the existing integrations the company has with EHR systems, CRM, patient reviews, and virtual care leaders.

Kyruus plans to use the new funding to deploy a suite of enhancements to augment its routing support, foster further schedule optimization, and extend scheduling to new entitles. It is also actively developing partnerships with insurance companies and large employers to enable its health system customers to engage consumers who seek care through other channels. To support these goals, the company plans to hire 100 new team members in 2020.

Read the full press release here.

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