Overview
Particle Health is a New York company providing an API that retrieves and structures patient medical records for health applications[1]. The company was started in early 2018 by co-founders Troy Bannister and Dan Horbatt[2]. In July 2022, Particle Health raised a $25 million Series B led by Canvas Ventures, with participation from Menlo Ventures, Story Ventures and Pruven Capital, bringing total capital raised to $39.3 million[3]. At the time of its Series B, the company reported a 450% year-over-year increase in annual recurring revenue, a 300% increase in customers, and team growth from 11 to 40 employees since its 2020 Series A[4]. Particle Health states that its platform reaches 320+ million patients' medical records across over 160,000 health systems, practices and clinics and finds on average 90% of patients nationally[5]. The company counts Reveleer, Yuvo and Upperline Health among its customers and features testimonials from xCures and Cureatr[6].
Particle Health started in early 2018 with co-founders Troy Bannister and Dan Horbatt. [2]
Business address: 36 W 20th St, New York, New York, 10011. [7]
Funding history
Particle Health raised a $25 million Series B led by Canvas Ventures on July 12, 2022, with Menlo Ventures, Story Ventures and Pruven Capital participating, bringing total capital raised to $39.3 million. [3]
Growth & traction
At its July 2022 Series B, Particle Health reported a 450% year-over-year increase in annual recurring revenue, a 300% increase in customers, and team growth from 11 to 40 employees since its 2020 Series A. [4]
Customers
Particle Health displays Reveleer, Yuvo and Upperline Health among its customer logos and features testimonials from xCures and Cureatr. [6]
Backers
Menlo Ventures
Early-stage venture capital firm founded in 1976 investing in AI, healthcare, consumer, cybersecurity, fintech, infrastructure, robotics and SaaS, with $3 billion in new capital earmarked for AI startups.
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