Participated · Series A · Oct 2025

Founded in 2021, Pear Suite offers an AI-enabled software platform and wrap-around services that equip community health workers (CHWs), community-based organizations, and health plans with tools for care coordination, reimbursement, and data insights. The product lets CHWs use their lived experience to close care gaps and address social determinants of health while unlocking sustainable Medicaid and Medicare payments. Beyond software, Pear Suite is building a national provider network that already connects more than 300 provider organizations with over 25 health plans. The company has empowered 2,500+ CHWs, promotores, doulas, and other frontline workers to deliver trust-based interventions. With its new funding, management plans to increase the size of this provider network tenfold, deepen Medicaid relationships, and expand aggressively into Medicare contracts. The ultimate goal is to cement CHWs as a foundational part of U.S. healthcare by supplying the contracting, clinical, and claims infrastructure they need to thrive. While the company has not disclosed revenue figures, it recently strengthened its balance sheet with a $7.6 million Series A round.

Participated · Series A · Sep 2025

Penguin Ai’s flagship platform combines task-specific Small Language Models (SLMs), proprietary language models, APIs and out-of-the-box Digital Workers and Agents to automate back-office healthcare workflows such as medical coding, prior authorizations, claims adjudication, appeals management, risk adjustment, chart summarization and payment integrity. The company emphasizes a full-service platform approach rather than point solutions, including tooling to prepare data for AI, pre-built healthcare LLMs, and governance and bias-correction capabilities for security and fairness. Penguin Ai says it has secured key partnerships with health plans, providers and technology organizations and is collaborating with customers to accelerate development of its enterprise-grade platform. Leadership is led by founder and CEO Fawad Butt, the former chief data officer of UnitedHealthcare, Kaiser Permanente and Optum, and the team brings collective experience from major payer, provider and tech organizations. The company positions its technology to reduce the industry’s estimated $1 trillion administrative burden and to lower operational costs while improving accuracy and efficiency. Penguin Ai plans to use recent funding to support hiring, product development, and scaling deployments with payers and providers.

Participated · Series D · Feb 2025

Abridge builds AI scribe technology that automates medical notes and integrates with Epic Systems. The company says its technology is used by over 150 of the largest U.S. health systems. In Q1 Abridge reported $117 million in contracted annual recurring revenue (a metric that includes signed recurring contracts, including customers not yet onboarded). It is expanding into converting medical notes from patient appointments into AI-powered medical codes, a move that positions it against startups like CodaMetrix and features from Epic. Abridge is widely considered a leader in the AI-powered medical scribe market due to early entry and Epic integration. The company was founded by cardiologist Shiv Rao and is seven years old. Abridge provides an enterprise-grade generative AI platform that transforms medical conversations into clinically useful and billable documentation at the point of care. The platform maps AI-generated summaries to source data using Linked Evidence to make outputs auditable and verifiable. It integrates deeply with EHRs, supports 28+ languages and 50+ specialties, and is used across outpatient, emergency department, and inpatient settings. Abridge says it has been deployed in more than 100 health systems, with enterprise implementations at Duke Health, Johns Hopkins, Mayo Clinic, UNC Health and others, representing tens of thousands of clinicians. The company recently introduced a Contextual Reasoning Engine to incorporate retrospective encounters, revenue-cycle rules, and clinician preferences to produce more comprehensive, billable notes and capture orders for EHRs. The Series D funding will support continued AI research and commercial growth to broaden applications and reduce clinician administrative burden. Abridge builds an AI-powered virtual medical scribe and clinical note-taking product that records patient encounters and generates editable visit notes. The company began with a free smartphone transcription app whose usage helped train its proprietary medical LLM on thousands of doctor–patient conversations. Its virtual scribe supports 14 foreign languages and has secured a right to be integrated inside Epic so notes can appear directly in the EHR for clinician verification. Large health systems are buying multi‑thousand-seat licenses, and Abridge has been announcing a new health system customer nearly every week since the start of 2024 (customers named include University of Chicago, Sutter, Yale, Lee Health, Christus and Emory). The company says its product materially reduces physicians’ administrative burden and has been described by customers as “life-changing” and “magical.” Abridge faces competition from incumbents and other AI scribe vendors, and observers note the open question of whether general foundation models could narrow its lead over time. Abridge builds generative AI for clinical documentation, transforming patient–clinician conversations into structured clinical notes in real time with deep EMR integrations. The platform uses Linked Evidence and auditable AI that maps AI-generated summaries to ground truth to help providers trust and verify outputs. Its stack orchestrates language identification, transcription, alignment, diarization, summarization, and verification models to produce and validate notes within seconds, reducing clinician latency from minutes to seconds. Abridge is collaborating with NVIDIA to leverage NVIDIA compute resources, foundation models, and deployment expertise to scale deployments across clinicians in the U.S. and eventually internationally. The company emphasizes research into clinically specialized foundation models, medical speech and language technology, and responsible AI. Abridge was founded in 2018 and is based in Pittsburgh, Pa. Abridge builds AI that captures and summarizes spoken patient–clinician conversations, converting them into structured clinical note drafts in real time. Its audio and ambient AI solutions integrate with EHR systems and allow patients to review notes, medication instructions, treatments, and follow-ups. The company highlights peer-reviewed R&D in medical conversation AI and user experience design. Abridge’s tools support both in-person and telemedicine appointments and aim to free clinicians from clerical work so they can focus on patients. The company says it has spent the last five years developing its technology. SCAN Group began offering Abridge’s service as a supplemental benefit in 2021.

Participated · Equity · Aug 2024

BeMe Health operates a digital behavioral-health platform that delivers mental health interventions specifically for teens and young adults. The platform provides 24/7 accessibility, interactive tools (mood reflection, skill-building activities, and evidence-based assessments), personalized 1:1 coaching and clinical linkage, and 24/7 crisis support. BeMe works with health plans, employers, and community organizations to offer a digital-first approach to interventional teen mental health and is SOC 2 Type 2 compliant. The company announced it closed over $12 million in additional funding to fuel growth ahead of a planned Series A financing round. The new capital will be used to enhance the platform, expand reach, and continue innovating in youth behavioral healthcare. Leadership emphasized the company’s mission-driven focus and commitment to providing equitable, evidence-based digital support for young people. BeMe Health offers a digital-first, interventional behavioral health platform tailored specifically for teens, combining engaging content, mood reflection, skill-building activities, 1:1 coaching, connections to clinical services, and 24/7 crisis support. The platform was developed with input from an active Teen Advisory Board to ensure it aligns with teen needs and usage patterns. BeMe is delivered as a covered benefit through select health plans, employers, and community organizations and has seen growing adoption by health plans over the last year. The company says it is focusing on app enhancements for teens and expanding plan-level partnerships to broaden access. Recent recognitions for the company and its CEO include inclusion in Inc.’s Female Founders 200 and the Slice of Healthcare 50 Under 50, and a Signal Awards win for its podcast. The platform aims to meet teens where they are — on their phones — with a clinically validated, teen-centered approach. BeMe Health offers digital behavioral health services focused on teen mental health. The company’s approach centers on scaling digital interventions and support for adolescents. It raised $7 million in seed financing to accelerate and scale those operations. The funding will be deployed to expand BeMe’s offerings and operational capacity around its teen mental health approach. The founding team includes Scott Cousino and Ron Geraty; Cousino previously co-founded myStrength (acquired by Livongo) and Geraty has worked at Merit Behavioral Corp, American Imaging Management, and Alere. Two additional co-founders are Nicki Tessler (CEO) and Mandeep Dhillon (Chief Technical and Chief Product Officer).

Participated · Series A · Oct 2023

Pair Team partners with local health centers and community-based organizations to provide virtual and community-integrated primary care, acting as an extension of partners to deliver clinical and mental health services. The company addresses social determinants of health such as housing, food, and transportation while connecting patients to care through a shared community health platform. Its platform leverages artificial intelligence to implement clinical best practices. Led by CEO Neil Batlivala, Pair Team works with safety net organizations to expand access to comprehensive care. The company plans to accelerate expansion across California, grow its network of partner organizations, and scale its team to support additional patients. Financial details in the article are limited to the recent Series A raise. Pair Team provides tech-enabled care teams and digital assistants that act as virtual extensions of community health centers to improve access and clinical outcomes for Medicaid and underserved populations. Its platform leverages AI to implement clinical best practices, integrate care with community-based organizations, and automate workflows so clinicians can focus on patients. The company addresses social and access barriers such as transportation, housing and food insecurity, and mobile phone access through a personalized, high-touch care experience. Pair Team reports that its solutions tripled annual wellness visit rates and increased clinic revenue by more than 40% in 2021; it manages care for thousands of Medicaid patients and has closed thousands of care gaps. Founded in 2019 by Neil Batlivala and Cassie Choi, Pair Team plans to expand nationally, grow its team, broaden partnerships with more clinics, and continue building next-generation care solutions for underserved communities. The new funding is intended to support hiring, partnerships, and continued product development to scale its operations platform and automation. Pair Team is an end-to-end operations platform for primary care, backed by the company’s own care team. For patients, Pair provides a comprehensive solution that covers the front, mid, and back-office. Its automation combined with a human-in-the-loop approach handles patient outreach, scheduling, e-forms, care gap reports, record requests, referrals, lab coordination and other administrative tasks to offload traditional front-desk and medical assistant duties. For practices, Pair monitors patient data and triggers automated workflows to ensure critical visits are scheduled and care gaps are addressed. The company was founded in 2019 by Neil Batlivala and Cassie Choi and is based in San Francisco, CA. Pair raised $2.7M in seed funding and intends to use the proceeds to expand operations and broaden its business reach.