What is Phreesia?
Founded in 2005 and based in Wilmington, Delaware, Phreesia operates at the intersection of healthcare and technology. The company provides a comprehensive patient intake management platform designed to streamline workflows for medical groups, health systems, and payers. By leveraging patient intake data, Phreesia aims to help its clients achieve critical strategic objectives, enhancing both operational efficiency and patient engagement. The company's consistent access to capital indicates a strong market position and a clear demand for its innovative solutions in the evolving healthcare landscape.
How much funding has Phreesia raised?
Phreesia has raised a total of $653.6M across 9 funding rounds:
Series B
$10.3M
Series C
$11.6M
Series D
$20M
Corporate Investment
$30M
Stock Offering
$140.6M
Debt
$5M
Stock Offering
$174.4M
Stock Offering
$258.8M
Series B (2007): $10.3M led by Polaris Partners, HLM Venture Partners, Village Ventures, and Long River Ventures
Series C (2009): $11.6M supported by Sandbox Industries, Polaris Partners, BlueCross BlueShield Venture Partners, HLM Venture Partners, and Long River Ventures
Series D (2010): $20M featuring Sandbox Industries, Long River Ventures, BlueCross BlueShield Venture Partners, Vantage Point Ventures, Polaris Partners, HLM Venture Partners, and Ascension Ventures
Corporate Investment (2014): $30M backed by LLR
Stock Issuance/Offering (2019): $140.6M with participation from Undisclosed
Debt (2020): $5M led by PPP
Stock Issuance/Offering (2020): $174.4M, investors not publicly disclosed
Stock Issuance/Offering (2021): $258.8M, investors not publicly disclosed
Key Investors in Phreesia
Polaris Partners
Polaris Partners is a venture capital firm specializing in transformational companies in the biotech and healthcare sectors, providing coaching and resources for growth.
HLM Venture Partners
HLM Venture Partners is a specialized healthcare investment firm that partners with innovative founders in healthcare technology and services, offering strategic guidance and growth capital.
Long River Ventures
Long River Ventures operates in the Venture Capital & Private Equity industry, focusing on investments within the technology and healthcare sectors.
What's next for Phreesia?
With a history of significant investment, Phreesia is well-positioned for continued expansion and innovation. The company's strategic funding rounds suggest a focus on scaling its operations, enhancing its technological capabilities, and potentially exploring new market segments within the healthcare industry. Future developments are likely to center on further integrating its platform with existing healthcare IT infrastructure and expanding its suite of patient engagement tools, solidifying its role as a key player in digital health transformation.
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