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Allina Health

2925 Chicago Avenue, Minneapolis, MN, 55407, United States

Overview

Allina Health is a non-profit healthcare system that is is dedicated to the prevention and treatment of illness.

Total investments
3
Lead investments
1
Investments · 12mo
1
Active investors
2

Sector focus

  • Health Care
  • Hospital
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Investment portfolio

  • KeyCare

    Participated · Equity · Mar 2026

    KeyCare is a Chicago-based national virtual care organization built on the Epic electronic health record platform. Its technology integrates directly into existing clinical workflows and data infrastructure, enabling health systems to offer virtual visits that are coordinated with in-person care. By embedding into Epic, KeyCare helps providers maintain continuity of records, scheduling, and billing while giving patients a seamless telehealth experience. The company focuses on improving patient and clinician satisfaction through streamlined virtual encounters and robust data sharing. With new capital, KeyCare plans to deepen its investment in AI-enabled capabilities, enhance its platform features, and scale operational capacity to meet rising demand from health-system partners. To date, the company has raised more than $55 million.

  • Qventus

    Participated · Series D · Jan 2025

    Qventus provides AI-based software that automates care operations across operating room and inpatient settings. The platform integrates with EHRs and leverages Generative AI, machine learning, and behavioral science to predict operational bottlenecks, recommend remedies, and automate processes. Its core offerings include Surgical Growth/Perioperative and Inpatient Capacity solutions that help care teams optimize patient flow and reduce cognitive load. In the last year its Inpatient Solution eliminated over 36,000 excess days for health system partners, saving them millions, and its Perioperative Solution generated $95M in annualized contribution margin in 2024 through Qventus-enabled cases. Led by CEO Mudit Garg and founded in 2012, the company intends to expand its AI Operational Assistants into new care settings beyond its current solutions. It plans to use recent funding to accelerate development and commercialization of those solutions. Qventus offers an AI-based SaaS platform purpose-built to automate care operations, integrating with EHRs and using AI, machine learning, and behavioral science. Its solutions target inpatient, perioperative, emergency department, and command center functions to improve operational workflows. The company partners with leading health systems, including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke’s Health System. Qventus is led by co-founder and CEO Mudit Garg and continues to expand its footprint across U.S. hospitals. Financially, the company recently attracted outside funding, including a $3M investment tied to prior growth financing announced in February 2022. Qventus provides AI-based software for care operations automation that integrates with EHRs. The platform uses AI, machine learning, and behavioral science to power practice solutions for inpatient, perioperative, emergency department, and command center settings. It partners with health systems including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke's Health System. Reported outcomes include fewer excess days, reductions in length of stay, and new cases added per operating room per month. The company is led by CEO Mudit Garg. Qventus plans to use the funding to expand its technology to additional hospitals and health systems across the United States. Qventus offers an AI/ML-driven software platform that streamlines and automates hospital workflows to improve flow, throughput and patient experience across emergency departments, perioperative areas, inpatient units, pharmacy and outpatient access. The platform acts as a “System of Action,” combining data, technology and people to enable real-time decision making and collaborative issue mitigation. Qventus provides modular capabilities for ED flow, perioperative scheduling, inpatient operations, patient safety and pharmacy operations. The company reports deployments at major U.S. health systems including NewYork-Presbyterian, Emory Healthcare and the Mercy health system, and its software has enabled more than 3.8M patient encounters to date. Qventus is based in Silicon Valley/Mountain View and plans to use new capital to continue rapid expansion of its AI-based platform across health systems. analyticsMD, based in Mountain View, CA and led by CEO Mudit Garg, provides an AI-powered hospital operations software platform. The platform collects large amounts of messy healthcare data, processes it in real time to predict issues and outcomes, and recommends immediate course-corrections that are sent to frontline teams. It addresses operational challenges across emergency departments, perioperative areas, inpatient and outpatient settings. The software is used by community, academic and public hospitals including Lucile Packard Children’s Hospital Stanford, El Camino Hospital, Sutter Auburn Faith Hospital, St. Joseph’s Medical Center, Medstar Montgomery Medical Center, Natividad Medical Center and Mercy. analyticsMD plans to use new funding for product development and to accelerate delivery of its AI platform to U.S. health systems.

  • Inbound Health

    Led · Equity · Oct 2022

    Inbound Health provides a full stack platform that enables health systems and health plans to deliver hospital- and skilled nursing facility‑level care in the home, combining clinical, technology, managed care, supply chain, and labor services. The company says its programs have reduced length-of-stay, decreased readmission rates, and lowered avoidable complication rates such as infection and delirium. Inbound Health has treated over 6,500 patients across 350+ DRGs. The company intends to use the funds to expand into new markets and to advance key growth initiatives. Those initiatives include further development of its clinical programs, evolution of its proprietary technology and advanced analytics platform, and continued build-out of customized operating assets focused on supply chain, labor, and logistics. The company is led by CEO Dave Kerwar and is based in Minneapolis, MN. Inbound Health products a full-stack at-home hospital care program that combines community paramedics, in-home nursing and therapy visits, continuous vitals and biometric monitoring, and a patient engagement app for virtual visits and surveys. The program was developed within Allina Health in Minneapolis and has been spun out as its own company to productize and sell the model to other health systems. Inbound has completed roughly 4,200 episodes across 185 diagnoses and reports a roughly 95% patient/family acceptance rate for its skilled-nursing-at-home pathway. Clinically, the company says it achieved similar or improved outcomes versus facility care and lowered readmission rates; on a risk-adjusted basis it reports lowering total cost of care by 30–40%. The company plans to invest the new capital primarily in its app, workflow platform, and AI-driven analytics, and to build local market teams to scale operations. Management aims to enter three to four markets by the end of next year and 10–15 markets over the next five years, adding about 100 employees by the end of next year.

Team

  • L. Pearce McCarty

    Lead, Orthopedic Sports Medicine and Surgery

    LinkedIn
  • Jan Malcolm

    VP of Public Affairs

    LinkedIn