What is Tellus?
Tellus, operating in the mobile care delivery solutions sector, specializes in electronic visit verification (EVV) software. Their platform is designed to streamline claims processing for the home health and long-term care industries. The company's technology has seen successful deployment across multiple states and with various managed care organizations, supporting thousands of healthcare providers. Tellus's core mission revolves around enabling efficient mobile care delivery for its clientele, enhancing operational workflows and compliance.
How much funding has Tellus raised?
Tellus has raised a total of $3.4M across 2 funding rounds:
Private Equity
$3M
Debt
$350K
Private Equity (2017): $3M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Key Investors in Tellus
PPP
Public-Private Partnership
What's next for Tellus?
The recent major strategic investment signifies a pivotal moment for Tellus, likely indicating a transition into a scaling phase. This capital infusion is expected to fuel expansion initiatives, potentially including further product development, market penetration, and strategic partnerships. The company's focus on the critical home health and long-term care markets, coupled with its EVV solutions, positions it for continued growth as regulatory demands and the need for efficient care delivery intensify.
See full Tellus company page
