Healthcare IT Pioneer Kyruus Secures $30 Million Funding to Expand Platform and Market Reach

On June 12, 2020, VCBeat (WeChat Official Account: vcbeat) learned that Kyruus announced on June 10 (local time) the completion of a $30 million financing round from the investment firm Francisco Partners.

It is reported that prior to this round of financing, Kyruus had raised a total of $148.2 million in equity financing since its establishment in 2010, having completed its Seed, Series B, Series C, and Series D rounds in 2011, 2012, 2013, 2014, 2015, 2017, 2018, and 2020, respectively.

(From Crunchbase company financing information)

During the COVID-19 pandemic, Kyruus was at a critical juncture in helping healthcare organizations provide convenient services to patients. This financing will be used by Kyruus to advance its platform expansion plans, broaden its coverage across health systems, and enter new market segments.

Graham Gardner, MD, co-founder and CEO of Kyruus, stated, “Kyruus exists to help people care for one another. Through a data-driven approach to planning and scheduling, our provider search platform enables healthcare organizations to better match patients with the right providers and care solutions. Central to this capability is the ability to connect patients with appropriate providers through both virtual and in-person interactions. We are thrilled to partner with the team at Francisco Partners to leverage strategic opportunities that will expand our impact.”

Ezra Periman, Co-Chairman of Francisco Partners, stated, “Kyruus provides an inimitable platform that facilitates healthcare organizations in developing appropriate health and medical plans for patients. As limited medical capacity converges with rapidly emerging new healthcare service models, Kyruus is well-positioned to meet the industry’s evolving demands. We look forward to collaborating with Graham and the rest of the Kyruus team to coordinate patient care pathways across China.”

Kyruus, a pioneer in the healthcare IT sector founded in 2010, has revolutionized patient information management. The company has maintained its market leadership through an experienced team, an award-winning platform, a high-quality partner network, and proven customer impact. This rapidly growing company now serves 600 hospitals and over 250,000 healthcare providers across the United States. By integrating data with patient access platforms, Kyruus enables healthcare organizations to gain unprecedented visibility into their care networks and connects consumers with the right healthcare services through modern search and care navigation experiences.

Francisco Partners is a global leading technology-focused private equity firm with extensive experience in the healthcare IT sector. Managing $7 billion in assets, Francisco Partners is one of the largest technology-centric private equity funds worldwide. The firm was established to make structured investments in technology companies undergoing strategic, technological, and operational inflection points. Francisco Partners targets controlling investments in private companies, with transaction values ranging from $30 million to $2 billion.