digital health funding
The company will be using the funds to expand its business with the VA and other commercial payers.
The New York City-based company will be scaling its brand, expanding its logistics and continuing work on its core technology.
This latest raise brings the company's total funding to $8.4 million.
Already active in more than 130 Cerner hospitals, TransformativeMed is looking to increase the reach of its CORES Value Suite platform.
The startup plans on using the new money to expand its reach and improve its platform.
The company also announced a $2.4 million seed funding raise.
The new money will be put towards growing the team and building the company's customer service capabilities.
Craft Ventures led the Series A for the company, which employs contract nurses as full W2 employees and provides digital tools for job hunting.
The company will look to flesh out its software's capabilities and more than double its staff.
5Lion Ventures led the round with participation from Hospital for Special Surgery and ID Fund.