What is Transcarent?
Founded in 2018 and headquartered in San Francisco, California, Transcarent operates as a comprehensive health and care platform. It is designed to serve employees of self-insured employers and their families, connecting them with crucial information and expert advisors to support informed medical decision-making. The platform aims to simplify complex healthcare navigation and empower individuals to manage their health more effectively.
How much funding has Transcarent raised?
Transcarent has raised a total of $424M across 4 funding rounds:
Series A
$40M
Series B
$58M
Series C
$200M
Series D
$126M
Series A (2020): $40M with participation from 7wireVentures, Alta Partners, and General Catalyst
Series B (2021): $58M led by Kleiner Perkins, Merck Global Health Innovation Fund, General Catalyst, and 7wireVentures
Series C (2022): $200M supported by Kinnevik and The Human Capital Institute
Series D (2024): $126M featuring General Catalyst and 7wireVentures
Key Investors in Transcarent
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, backing entrepreneurs and management teams pursuing ambitious visions that reshape their respective industries.
7wireVentures
7wireVentures invests in early-stage digital health companies focused on creating informed and connected health consumers, aiming to revolutionize healthcare through innovative solutions.
Kleiner Perkins
Kleiner Perkins is a venture capital firm that invests in early and growth-stage technology and lifescience companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech.
What's next for Transcarent?
The recent major enterprise-level funding indicates a strategic push for Transcarent to scale its operations and potentially expand its market reach. This significant capital infusion is likely to be directed towards enhancing its platform capabilities, broadening its service offerings, and forging new partnerships within the employer-sponsored healthcare ecosystem. The company's focus on empowering consumers through better information and advisory services positions it for continued growth in a rapidly evolving healthcare landscape.
See full Transcarent company page
