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NexHealth raised US$125Mn in a Series C round, catapulting its valuation to US$1Bn. Leading this financing round is Buckley Ventures, with notable participation from early Stripe hires Lachy Groom and Shreyas Doshi, as well as fintech startup Ramp's founder Eric Glyman, among others.
The primary goal for NexHealth with this infusion of capital is to revolutionize the healthcare technology landscape by simplifying data sharing and integration processes. CEO Alamin Uddin emphasizes, "We're building the tools and the infrastructure to accelerate that pace of innovation." NexHealth aims to expand its workforce from 160 to approximately 300 employees and commercialize its products for developers, offering a more accessible alternative to existing standards like HL7 and FHIR.
Josh Buckley, founder of Buckley Ventures, praises NexHealth's role in abstracting complexity within healthcare, likening it to what Stripe did for credit payment processing. He envisions NexHealth as a pivotal force in fostering innovation within the healthcare sector by lowering the barriers to entry for developers and companies alike.
CEO Alamin Uddin's statement, "If you're intelligent and smart, your time will be way better spent on health tech than fintech or crypto," aims to redefine health tech.
