Private Equity

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Healthcare-tech startup Innovaccer to raise $150-M from Kaiser, Mubadala, B Cap

Economic Times  

US hospital and health insurance giant Kaiser Permanente is joining forces with UAE's Mubadala and B Capital, the investment firm launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, formerly of Bain Capital, to invest USD 150 million in Innovaccer. The Series E funding round will nearly treble the valuation of the San Francisco-based pure-play healthcare cloud company to USD 3 billion. A small secondary round might also take place along with the primary infusion. With this round, the six-year-old SaaS startup would have raised a little over USD 350 million across five financing rounds.