Complex care startup Memora Health scores $30M
Memora Health, an AI-enabled platform that helps providers manage complex care needs, has secured a $30m strategic investment round led by General Catalyst, with participation from Northwell Health’s venture arm Northwell Holdings, PagsGroup, NorthShore – Edward-Elmhurst Health and others. Transformation Capital, Andreessen Horowitz and Frist Cressey Ventures also provided follow-on investments. The funds will be used to scale the company’s platform with new healthcare systems. “Memora Health is fundamentally transforming care delivery in our view,” said Chris Bischoff, managing director of General Catalyst. In 2022, Memora Health scored $40 million in funding, while Mayo Clinic also announced a research programme with Memora Health to extend care to postpartum patients at home. The company established numerous partnerships within the past year, including with perinatal and prenatal health AI company PeriGen, South Jersey health system Virtua Health, cancer care and research institute Moffitt Cancer Center, multi-specialty medical group UP Medical and patient engagement platform Luma Health.
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