Buy now, pay later startup secures $32M in equity
PayZen, a healthcare finance company, announced it closed a $32 million equity funding round led by venture capital firm NEA.
Venture capital firms 7wireVentures, SignalFire and Viola Group participated in the Series B round.
Related: Digital health funding: Devoted Health, Create Health Ventures
In addition to the equity funding, PayZen said it also secured better terms for a $200 million credit warehouse from Viola Credit and a group of insurance companies. PayZen first announced the credit warehouse facility from Viola in 2022.
Providers can refer patients to PayZen, which uses artificial intelligence algorithms to create interest-free payment plans for healthcare expenses. The startup aims to reduce financial burdens for patients and losses for health systems.
A PayZen spokesperson said the additional credit facility and equity financing will support its growth and market expansion.
The round brings the company’s total raised to $72 million.
Optum Ventures, BlackRock Innovation invest in Caresyntax
Caresyntax, a precision surgery AI company, said it received $180 million in a Series C extension funding round.
MD Ally closes $14M Series A
MD Ally, an emergency call diversion and care navigation company, announced it raised $14 million in a Series A funding round led by venture capital firm Frist Cressey Ventures.
Venture capital firms General Catalyst, Techstars, Seae Ventures, Red & Blue Ventures, and Alumni Ventures also participated.
MD Ally works with public safety systems and payers to try to ensure callers with non-emergency concerns receive proper and timely care. MD Ally said in a news release it will use the funding to grow its customer base, invest in technology, and expand its clinical services and care coordination partnerships.
The round brings MD Ally's total funding to $25 million.
Levels announces Series A extension
Levels, a software company focused on metabolic health, announced it had raised $10 million in a second Series A extension round.
Venture capital firms Long Journey and Andreessen Horowitz participated in the round, which includes $3 million in crowdfunding from more than 2,000 investors.
Levels has a consumer-facing mobile application that helps users log food using voice or text and provides personalized feedback on nutrition, sleep and exercise.
The company announced a $38 million Series A funding round in April 2022 that valued it at $300 million. In January 2023, the company announced $7 million in series A extension funding.
