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Practice management software company Tebra announced an oversubscribed $250 million investment round that includes new equity and debt financing.
The equity capital was led by Hildred, and the debt facility provided by J.P. Morgan.
Existing investors Toba Capital, Transformation Capital and HLM Venture Partners also participated in the round.
The company will use the funds to deploy AI across practice management, including EHRs, billing and payments, practice marketing and patient experience.
"This investment is a direct mandate to eliminate the ‘squeeze’ on private practices," Dan Rodrigues, founder and CEO of Tebra, said in a statement.
"AI represents the great equalizer for the industry, solving the systemic challenges that cause burnout and destroy profitability across the entire patient and revenue journey. Our confidence — and that of our investors — is rooted in our unique ability to embed AI deep into an all-in-one, easy-to-use platform purpose-built for independent practices. We look forward to partnering with the Hildred team to strategically scale our platform."
Telehealth company Clarity Pediatrics secured $14.5 million in a Series A funding round led by Jackson Square Ventures.
New investors City Light Capital, MassMutual Catalyst Fund II, GingerBread Capital, Scrub Capital and Operator Collective participated in the round, as well as existing investors Rethink Impact, Maverick Ventures and Homebrew.
The company said the investment supports its planned launch of obesity services early next year, continued U.S. expansion and development of its virtual clinic platform.
"As a pediatrician-led organization, we're committed to equipping providers and families with evidence-based solutions that improve both access and outcomes for all children with chronic conditions. Our expansion into pediatric obesity care with this funding is the next step in this journey," Dr. Alesandro Larrazabal, cofounder and chief medical officer of Clarity Pediatrics, said in a statement.
