How Much Did Collectly Raise?
Funding & Key Investors

Collectly, a prominent player in the healthcare financial technology sector, has successfully secured a major strategic investment, bringing its total capital infusion to $29M. This latest financing round, which saw a recent funding amount of $29M, underscores the company's robust growth trajectory and its critical role in modernizing the patient billing experience. By leveraging this influx of capital, Collectly is well-positioned to accelerate its mission of streamlining revenue cycle management for medical groups across the United States.

The recent capital injection serves as a testament to the firm's ability to solve complex administrative challenges within the healthcare ecosystem. As the industry shifts toward more patient-centric financial models, Collectly's platform has emerged as a vital tool for providers seeking to optimize cash flow while simultaneously enhancing the patient experience.

What is Collectly?

Collectly
SoftwareHealthcare Software

Founded in 2017 by Levon Brutyan and Maxim Mizotin, Collectly provides a sophisticated patient financial engagement platform. The software integrates seamlessly with existing Electronic Health Records (EHR) and Practice Management (PM) systems, effectively automating the billing process. By digitizing patient interactions and providing transparent payment options, the company helps medical practices reduce Days Sales Outstanding (DSO) and improve overall patient retention. Its market position is defined by its ability to bridge the gap between complex clinical workflows and the financial realities of modern medical billing, making it an essential partner for healthcare organizations aiming to improve operational efficiency.

How much funding has Collectly raised?

Collectly has raised a total of $29M across 1 funding round:

2023

Series A

$29M

Series A (2023): $29M with participation from Sapphire Ventures, Burst Capital, Cabra VC, and YC

Key Investors in Collectly

Sapphire Ventures

Sapphire Ventures is a prominent venture capital firm based in Palo Alto, specializing in scaling technology companies through strategic capital and operational support.

Burst Capital

Burst Capital is a California-based venture firm that focuses on making minority investments in high-growth software and service-oriented enterprises.

Cabra VC

Cabra VC is a Cyprus-based investment firm that targets early-stage, post-revenue companies, providing the necessary support for young teams to achieve rapid market expansion.

What's next for Collectly?

With the successful completion of this major enterprise-level funding, Collectly is poised to scale its operations and expand its market reach. The strategic focus will likely center on deepening its integration capabilities with a broader array of EHR platforms and enhancing its proprietary interface to support larger, multi-specialty medical groups. As the company moves beyond its initial growth phase, the focus will shift toward maintaining its competitive edge in the healthcare fintech space, ensuring that its billing solutions remain at the forefront of innovation. The infusion of capital provides the necessary runway to invest in product development and talent acquisition, further solidifying Collectly's status as a leader in the patient financial engagement market.

See full Collectly company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Software industry

Financial SoftwareSoftwareBusiness ServicesSoftware Testing
Engineering SoftwareSoftware
Security SoftwareSoftware
Business Intelligence (BI) SoftwareSoftware

Frequently Asked Questions Regarding Collectly Financial Insights

What are the most recent funding rounds that Collectly has completed, and what were the funding rounds?
Collectly has recently completed 1 funding rounds: Series A on Jul 21, 2023.
What is the total amount of funding Collectly has raised to date?
Collectly has raised a total of $29M in funding to date.
How many funding rounds has Collectly completed?
Collectly has completed 1 funding rounds.
How much funding did Collectly raise in its most recent funding round?
Collectly raised $29M in its most recent funding round.
Who are the lead investors in Collectly's latest funding round?
The lead investor in Collectly's latest funding round was Sapphire Ventures. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Collectly's history?
The largest funding round in Collectly's history was $29M.
See more information about Collectly