Monthly Archives: January 2025

Frontier Direct Care Announces Initial Closing of its $20 Million Series B Financing

HARLINGEN, Texas, Jan. 8, 2025Frontier Direct Care, a leading innovator in employer-funded healthcare, has announced the initial closing of its $20 million Series B funding round, led by Mehshah Capital. This investment will accelerate the company’s mission to transform healthcare by delivering accessible, affordable, and high-quality care to employees and their families.

Frontier Direct Care offers a comprehensive suite of solutions designed to improve health outcomes while reducing costs. The company’s services include direct primary care, virtual care, referral navigation / direct contracting, and a prescription plan – all integrated through a proprietary technology platform. By removing traditional barriers such as co-pays, deductibles, and administrative complexities, Frontier enhances access to care and reduces downstream expenses. Key strategies include:

  • Producing significant savings on healthcare spend and passing them directly to employers.
  • Delivering care in the most appropriate settings.
  • Reducing unnecessary healthcare utilization.
  • Negotiating direct cash-pay rates with providers.

Over the past two years, the company has expanded its membership base by over 10x and now serves more than 100 employer customers, including municipalities, school districts and private employers, all of whom face rising healthcare costs. In the first half of 2025, Frontier plans to open new clinics in Dallas, Austin, and Houston.

“At Frontier Direct Care, we are reimagining how healthcare is delivered and paid for,” said Bibb Beale, CEO of Frontier Direct Care. “This funding, led by Mehshah Capital, enables us to expand our footprint, enhance services, and continue delivering exceptional care to our growing membership.”

Mehshah Capital’s investment in Frontier reflects its strategy of investing in and supporting transformative healthcare companies positioned at the intersection of change. 

“The current employer-funded healthcare system is unsustainable. Frontier Direct Care is disrupting this status quo with an innovative model that improves access, elevates quality of care, and lowers costs. We’re excited to support Frontier in its next phase of growth,” said Gaurav Mehta, Managing Partner at Mehshah Capital. 

As part of the Series B round, Frontier welcomes three new board members: Richard Barasch, former Chairman and CEO of Universal American Corporation and Founder of RAB Ventures; Eric Bricker, M.D., Co-Founder of Compass Professional Health Services, and Gaurav Mehta, Founder and Managing Partner of Mehshah Capital.

About Frontier Direct Care 

Frontier Direct Care is transforming employer-sponsored healthcare by offering an integrated, technology-enabled platform that combines direct primary care, virtual care, referral navigation / direct contracting, and a prescription plan to improve quality of care and reduce costs. For more information, visit frontierdirectcare.com.

About Mehshah Capital 

Mehshah Capital is a New York City-based private equity firm known for its high-touch, value-add approach. The firm focuses on investing in transformative healthcare companies, with a proven value proposition, poised to drive meaningful change. For more information, visit mehshah.com.

Media Contact: Brad Springer | [email protected] | (956) 983-9272

SOURCE Frontier Direct Care

Axiom Cloud Closes Major Rollout for Top 10 Grocery Retailer and Insider Investment Round

AI Leader in Enterprise Refrigeration Management Adds Top 10 Grocery Retailer as Existing Investors Expand their Positions

SAN JOSE, Calif., Jan. 8, 2025Axiom Cloud, a leader in AI-powered refrigeration management solutions, has announced a new contract with a Top 10 U.S. grocery retailer, and the successful close of a new funding round led by existing investors Blue Bear Capital, Leadout Capital and Vela Partners. The funding will enable Axiom to scale operations to meet rapidly growing market demand for solutions that reduce operational costs, improve energy efficiency and advance sustainability goals.

“We’re seeing a tidal wave of demand from retailers and cold storage operators who recognize that modernizing refrigeration management delivers immediate bottom-line impact and makes their lives easier in the first month,” said Amrit Robbins, CEO and Co-Founder of Axiom Cloud. “This significant new grocery retail contract, coupled with a large number of active customer pilots, shows that the tide is turning – the market transition to software-only refrigeration management is accelerating fast.”

By integrating with existing control systems, Axiom’s solution enables fully-remote deployments at 100+ sites per week without requiring any new hardware or onsite visits. Axiom helps its retail grocery and cold storage customers build customized, data-driven business cases for its Early Leak Detection, Predictive Maintenance, and Energy Efficiency modules. Enterprise deployments typically deliver a three times return on subscription fees or higher. 

“Since leading Axiom’s Series A round in 2022, we’ve watched the company establish itself as the clear market leader in AI-powered refrigeration management,” said Ernst Sack, Board Director at Axiom Cloud and Founding Partner at Blue Bear Capital. “With this latest enterprise win and additional capital, Axiom is uniquely positioned to help the $1.7 trillion cold chain sector dramatically reduce costs and environmental impact while improving operational reliability.”

The company’s Early Leak Detection (ELD) module has demonstrated best-in-class performance across hundreds of facilities, leveraging AI to optimize refrigeration system performance, reduce operating costs, slash greenhouse gas emissions, and enable regulatory compliance with state and federal laws. The solution is recognized by both the EPA and the California Air Resources Board (CARB) as a compliant indirect leak detection system, helping customers stay ahead of evolving regulatory requirements while focusing on core business objectives.

About Axiom Cloud: Axiom Cloud uses AI and automation to transform how the world’s cooling systems are powered, operated, and maintained, in order to generate significant climate and financial impact. Axiom’s team of refrigeration experts, data scientists, energy nerds, and software developers solves the cold chain’s biggest energy and maintenance challenges by providing the digital layer for their existing refrigeration systems. axiomcloud.ai

About Blue Bear Capital: Blue Bear is a venture capital and early growth equity firm driving digital technologies and machine intelligence into multibillion-dollar verticals across the energy, infrastructure, and climate industries. The team comes from leading energy private equity firms, startups, and large industrial technology developers. Blue Bear typically leads Seed through Series B rounds, with a portfolio covering operational AI, IoT, and cybersecurity technologies, all deployed with enterprise customers to drive connectivity and intelligence across the world’s most critical industries. More information can be found at bluebearcap.com.

Contact:
Emily Torrans
Mahoney Communications Group
[email protected]
212-220-6678

SOURCE Axiom Cloud

Deep Vector Raises $1.5M to Revolutionize Insurance Data Extraction with AI

NEW YORK, Jan. 8, 2025 — Deep Vector, an AI platform for analyzing underwriting documents, closed its seed round of $1.5M, co-led by Aperture Venture Capital and InsurTech NY.

Deep Vector helps insurers and brokers translate the influx of analog documents used for underwriting risk—claims loss runs, Acord forms, motor vehicle records, and business records—into usable and actionable data. Previously known as Loss Scan, Deep Vector uses a proprietary algorithm and machine learning to classify documents from a library of 5,600+ formats specific to each insurance carrier’s forms. Once identified, Deep Vector processes and translates the documents into usable data for carriers, brokers, and risk managers.

“Insurers have little incentive to make their loss run and claims analysis process easier because it is simply a cost center,” said David Gritz, Managing Director at InsurTech NY. “Deep Vector bridges the gap between the insurance broker and underwriter for complex commercial accounts and saves thousands of hours analyzing accounts.”

Deep Vector seeks to become the default translation layer for insurance data extraction. Over 30 of the top 100 insurance brokerages and many more carriers, underwriters, MGAs, and brokers have already transformed their operations with Loss Scan. The rapid adoption by industry leaders shows that Deep Vector isn’t just innovative – it’s delivering real results for the most demanding organizations in insurance.

“We are excited about the growth prospects for Deep Vector,” said Garnet Heraman, General Partner at Aperture VC. “The insurance industry is the largest data repository for business. Deep Vector unlocks that data for better risk modeling, resource management, and ultimately better customer experiences.”

Founders Scott Knowles and Wesley Janse van Rensburg understand the market. Knowles started his career as a commercial insurance broker, and most recently, the team sold their insurance analytics business, Modgic, to Zywave.

“Deep Vector’s product Loss Scan breaks down the barriers that have locked away valuable claims data for decades. By automating the extraction of information from complex loss runs, we’re giving insurance professionals access to previously buried insights in PDFs and spreadsheets. It’s not just about saving time – it’s about unlocking data that transforms how underwriters assess risk and brokers serve their clients.” said Scott Knowles, co-founder of Deep Vector. “Only with the power of Deep Vector can brokers shift their time to true risk management and advisory instead of paperwork processing. By automating the tedious task of manual data extraction, we’re liberating insurance professionals to focus on what matters – analyzing risks and providing strategic guidance to their clients.”

The Deep Vector will showcase its breakthrough technology next at the InsurTech Spring Conference on April 2-3 at Pier 60 in NYC.

About Deep Vector

Deep Vector extracts data with unparalleled accuracy in seconds from complex documents. The company stated in insurance processing Loss Runs and is now multi-sector. The platform’s engine adapt to any document type or industry. This approach supports data processing in finance, healthcare, and government sectors. More information at www.deepvector.com

About Aperture Venture Capital

Aperture is a seed-stage investor in startups leveraging financial innovation and AI. Its first fund was launched in 2021 with investments from global financial technology giants FIS, Truist, PayPal, Bank of America, Progressive, MassMutual, as well as NextEra Energy. Aperture’s fund platform is purpose-built to invest with expertise across the full spectrum of financial services including banking, payments, insurance, security, compliance and enterprise SaaS. Learn more at https://aperturevc.com/.

About InsurTech NY

InsurTech NY is an international nexus for the insurance innovation community, bringing together insurers, investors, and InsurTechs through conferences, competitions, and accelerators. The organization accelerates corporate innovation, attracts talent to the insurance sector, fosters innovation-friendly regulations, and enhances access to investment opportunities. More information at insurtechny.com.

Media Contact:
David Gritz
212-634-9516
[email protected]

SOURCE InsurTech NY

How PouncerAI Helps Freelancers Stand Out on Upwork–And Reclaim Hours Every Week

DALLAS, Jan. 8, 2025 — Winning high-value projects on Upwork isn’t just about putting in the time; it’s about standing out in a crowd of equally talented freelancers. That’s why PouncerAI, a VC-backed startup co-founded by former freelancers Sean Jackson and Daniel Reiling, has developed an AI-powered Chrome Extension to give freelancers a competitive edge in crafting winning proposals—while also saving hours each week.

Leveling the Playing Field in a Growing Market

With more than 163 million freelancers worldwide (NIH) and the U.S. market projected to expand from 76 million in 2024 to 90 million by 2028, competition on platforms like Upwork has never been fiercer. And for successful freelancers aiming to increase their annual earnings—rather than just get by—every advantage counts.

“As freelancers ourselves, my co-founder and I felt the frustration of missing out on gigs simply because someone else had a more compelling pitch—or beat us to it,” says Sean Jackson, CEO of PouncerAI. “We built PouncerAI to help freelancers not only apply faster but also stand out with professional, high-conversion proposals.”

The “Be First” Advantage

  • Instant Job Alerts:
    PouncerAI’s extension scans Upwork job postings in real time, notifying freelancers of new opportunities the moment they appear. This means you can apply in under 30 seconds, increasing your chances of being noticed—and hired—by clients reviewing early submissions.
  • Time Saved, More Projects Won:
    Most experienced freelancers spend 20 minutes researching and writing each proposal, adding up to 3–6 hours per week of unpaid work. With PouncerAI, the application process is reduced to seconds, freeing you up to bid on more projects or invest extra time in client-facing tasks that generate revenue.

High-Converting Proposals Made Easy

Building on direct response copywriting frameworks, PouncerAI’s proposal templates are designed to convert. Unlike generic AI writing tools that can produce long-winded or robotic text, PouncerAI ensures your proposals are clear, concise, and immediately relevant to a client’s needs. This isn’t just an efficiency play; it’s about landing the project.

  • Optimized for Conversion:
    Proposals follow proven, persuasive structures that grab a client’s attention.
  • No AI “Giveaway” Tone:
    Say goodbye to obviously AI-generated phrasing—PouncerAI’s templates sound human and professional.
  • 95% Coverage:
    With a comprehensive library of templates, freelancers can apply to the vast majority of Upwork jobs quickly and effectively.

Success Stories from Seasoned Freelancers

Even for top-performing freelancers, the simple act of bidding can be a hurdle:

“Our profile on Upwork has more than 400K+ in earnings and over 4,200 hours clocked, but the bidding process was always hit-or-miss,” says Sajal Gupta, a WordPress developer. “The ease this tool brings to the process is unparalleled.”

Pricing & Availability

  • Free 14-Day Trial: Explore PouncerAI’s features at no cost.
  • Flexible Plans: Choose from three subscription tiers, starting at $16/month.
  • Worldwide Release: Download the updated Chrome Extension immediately via the Google Chrome Store.

About PouncerAI

Founded in 2024 by Sean Jackson and Daniel Reiling, PouncerAI Inc. is a Dallas-based, venture-backed startup committed to helping freelancers get more work fast. Leveraging AI and hands-on experience from their own days as freelancers, the co-founders built a tool that not only saves time but also boosts the quality—and success rate—of proposals.

Ready to reduce your bidding time and stand out in a crowded marketplace? Visit https://pouncer.ai to learn more and sign up for a free 14-day trial.

PouncerAI is not affiliated with or endorsed by Upwork Inc. or any of its subsidiaries.

Media Contact
Sean Jackson | PouncerAI Inc.
(214) 675-1100
[email protected] 
Dallas, TX

SOURCE PouncerAI Inc.

Zeto, Inc., Secures $31 Million In Series B Funding To Redefine The Future Of EEG Brain Monitoring

SANTA CLARA, Calif., Jan. 8, 2025Zeto, Inc., a fast-growing medical technology company revolutionizing EEG diagnostics with its cutting-edge devices and AI-driven cloud platform, has announced the recent successful closing of a $31 million funding round.

The funding round was led by MindWorks Global (MWG), a Michigan-based investment entity funded by visionary entrepreneur-investors with a track record of building multi-billion-dollar enterprises. MWG’s Founder, CEO and Lead Partner, Mike Williams, is an accomplished entrepreneur and investor known for his expertise in scaling companies across different industries, including achieving a $1.1 billion exit from his most recent venture. Mike Williams said, “Zeto’s vision and technology are truly transformative for the medical arena and beyond, and we are excited to leverage our expertise and network to help drive the company’s growth. The world of EEG is going to be transformed immensely in the upcoming years, and Zeto is going to be at the forefront of it. Brain health assessment will extend beyond traditional healthcare, and we’re excited to support Zeto in pioneering new frontiers. It’s an exciting day!”

Aswin Gunasekar, Zeto’s Founder and CEO said, “Zeto has reached a pivotal milestone, earning a reputation for game-changing innovation and experiencing rapid adoption of our solutions by leading healthcare institutions across the U.S. Our management team has long aspired to collaborate with accomplished entrepreneur-investors who have successfully scaled companies to drive meaningful societal impact and significant revenue. We are excited to welcome MindWorks Global partners to our board of directors who bring not only capital but also invaluable expertise, extensive experience, and a powerful network. Our dedicated team is eager to embark on this exciting next chapter in our company’s journey.”

Zeto is grateful for the steadfast support and continued investments from its prior investors over the years. This new funding will enable Zeto to expand its commercial and operational teams, drive further growth and strengthen ongoing research and development efforts.

About Zeto, Inc.

Zeto, Inc., an award-winning medical technology company, is at the forefront of advancing EEG brain monitoring and diagnostics in healthcare. Through its innovative wearable devices, Zeto makes brain monitoring accessible in diverse clinical settings, including the ICU, ED, hospitals, offices, and at home. Backed by a powerful cloud-based platform, Zeto delivers nationwide monitoring and interpretation services by neurologists, along with AI-driven notifications for conditions such as seizures and epilepsy. Looking ahead, Zeto plans to expand its capabilities to detect and manage conditions like depression, stroke and traumatic brain injury. Zeto’s EEG systems, which received FDA clearances in 2018 and 2024, are currently commercially available in the United States.

To learn more about Zeto’s products, please visit: https://zeto-inc.com or email us at [email protected].

SOURCE Zeto, Inc.

Red Rover Health Raises $4 Million in Funding to Grow Healthcare App Store Platform

DES MOINES, Iowa, Jan. 8, 2025 — Red Rover Health, which enables healthcare providers to integrate “best of breed” third-party solutions into their electronic health record (EHR) systems, has received $4 million in seed funding from NewShore Partners. The latest funding gives Red Rover the capital to hire key talent to expand the core integration platform and scale operations.

“This funding makes sense for us right now for a couple of reasons,” said Red Rover CEO John Orosco. “First, we have an active working solution deployed in numerous production sites, so this isn’t vaporware or an idea on paper. Second, we must take advantage of current momentum in terms of contractual commitments from vendor partners and enterprise deals forthcoming. This capital will help us scale operations, accelerate sales and marketing, and hire more industry rockstars.”

The emergence of world class “best of breed” third-party software solutions, or apps, has driven the need for EHR integration for healthcare providers. Clinicians are demanding real-time access to patient care information but existing integration solutions like HL7 and FHIR do not always meet bi-directional integration needs.

Red Rover’s healthcare integration platform leverages RESTful APIs to seamlessly integrate third-party software apps with designated EHRs. The platform offers “best of breed” software solutions secure and predictable access to health system EHR data. This provides healthcare organizations access to world-class solutions to make the most of their EHR investment.

In addition to providing capital, NewShore Partners intends to act as a strategic partner to Red Rover. “We invest in innovative companies that are bold enough to build solutions for the biggest challenges in healthcare,” said NewShore Director Sowri Krishnan. “Red Rover Health’s platform makes ‘best of breed’ apps available to clinicians without health systems undergoing expensive and resource-draining integration projects that hinder innovation. The end result will be better patient outcomes and reduced costs for hospitals and health systems.”

About Red Rover Health
Red Rover Health, Inc., headquartered in Des Moines, Iowa, is a pioneering healthcare technology company dedicated to simplifying Electronic Health Record (EHR) integration. Powered by secure RESTful APIs, Red Rover’s integration platform enables seamless connectivity between third-party software applications and EHR systems. This innovative platform empowers healthcare organizations to enhance their existing EHR systems with world-class, best-of-breed software solutions. To learn more, visit www.redrover.health.

About NewShore Partners
NewShore Partners is a forward-thinking company dedicated to investing in innovative technology companies. NewShore looks to incubate groundbreaking ideas and help transform them into impactful solutions. NewShore’s focus is on empowering early-stage management teams, helping them scale their businesses, and turning ambitious visions into reality.

Media Contact:
Yancey Casey
Amendola Communications for Red Rover Health
(678) 895-9401
[email protected]

SOURCE Red Rover Health

PEI Global Partners Advises Leyline Renewable Capital as Company Secures $70 Million Follow-On Funding from Keystone National Group

DURHAM, N.C., Jan. 7, 2025Leyline Renewable Capital (“Leyline”), a leading provider of debt capital solutions for renewable energy developers, announced that it has secured additional capital from Keystone National Group (Keystone). Leyline will use the new capital to expand its support of an actionable pipeline of renewable energy projects, sourced from the company’s select network of experienced developers in North America.

John Bills, Partner at PEI, said, “We are proud to be an advisor to Leyline during this exciting time for the company, supporting their mission to accelerate renewable energy development. Leyline’s ability to secure significant follow-on funding from top-tier investors is a testament to their leadership in the sector and their success in delivering strong results for stakeholders. At PEI, we leverage our deep industry expertise and relationships to help clients achieve their strategic goals and drive long-term value in the energy and infrastructure sectors.”

Since inception, Leyline has deployed more than $340 million in financing solutions to advance more than 15 GW of renewable energy projects. Leyline’s proven strategy is to fund both mid and late-stage project development portfolios. The funding supports grid interconnection deposits and equipment down payments. This latest funding will catalyze Leyline’s growth strategy focused on providing private lending opportunities for developers at a speed and scale generally unavailable through traditional channels.

Made up of former developers, Leyline navigates policy and market nuances to support the best infrastructure projects and maximize returns for its investment partners.

Erik Lensch, CEO of Leyline, said, “Our development partners are accelerating their build plans for 2025 in light of soaring demand for new generation in key markets and increased capital needs, as well as potential policy shifts. This renewed support from Keystone enables us to advance the strongest renewable energy projects into construction as soon possible and reflects a major validation of our success in supporting value-aligned projects with strong risk-adjusted returns.”

About Leyline Renewable Capital
Founded in 2016, Leyline Renewable Capital provides flexible financing solutions for renewable energy developers. With deep industry expertise and a commitment to sustainability, Leyline predominantly invests in the pre-construction phase of projects, helping developers scale their operations efficiently and bring more renewable energy online. For more information, please visit: leylinecapital.com. 

About Keystone National Group
Founded in 2006, Keystone National Group is a private credit investment firm focused on asset-centric lending and equipment finance across a wide variety of industries and asset types. For nearly two decades, Keystone has been an active and creative capital provider to thriving companies nationwide. 

About PEI Global Partners
PEI Global Partners Holdings LLC (“PEI”) is an independent, closely held investment bank with offices in New York City, Tampa and Hong Kong, specializing in the power, energy, and infrastructure sectors. PEI advises financial sponsors, developers and corporate clients on mergers and acquisitions, divestitures, financings, private placements, and other strategic transactions. Since its inception in 2022, PEI has completed over 30 transactions raising well over $10 billion for owners and developers of renewable and thermal power. PEI conducts securities transactions through its wholly owned broker-dealer subsidiary PEI Global Partners LLC, which is regulated by the Financial Industry Regulatory Authority (“FINRA”), the Securities and Exchange Commission (“SEC”), the New York State Department of Financial Services and the Florida Office of Financial Regulation. For more information on PEI, please visit www.peigp.com.

SOURCE PEI Global Partners

Cybersecurity Funding in 2024: Rise in Investment Signals VC Funding Stabilization, Pinpoint Search Group’s Report Finds

GRAND JUNCTION, Colo., Jan. 7, 2025Pinpoint Search Group, a leading cybersecurity recruitment firm in the U.S., has released its annual report on cybersecurity funding for 2024. The report reveals a 9 percent increase in the total amount of funding raised compared to 2023, indicating that venture capital (VC) funding for cybersecurity vendors is stabilizing.

In 2024, Pinpoint Search Group’s research team recorded 383 transactions in the cybersecurity vendor space, totaling $9.5 billion across 304 funding rounds and 79 M&As. This represents a 9 percent rise in fundraising compared to $8.7 billion in 2023, despite a 12 percent decrease in transaction volume from 346 in the previous year.

The final quarter of the year showcased similar trends. In Q4 2024, the cybersecurity industry secured $1.7 billion in funding, marking a 7 percent increase compared to Q4 2023. The quarter saw a 34 percent dip in transaction volume, from 85 funding rounds in Q4 2023 to 56 rounds in Q4 2024.

The rise in total cybersecurity funding can be attributed in part to an intensifying demand for innovation as threats evolve and grow more difficult to detect. Early-stage initiatives dominated VC investments, with Seed and Series-A rounds making up 59 percent of the total funding volume in 2024. While later-stage funding rounds (such as Growth Funding, Series C, D, and E) only accounted for 16 percent of funding volume, they represented 54 percent of total funding dollars raised, highlighting the significance of larger investments in mature companies.

The signs of VC funding stabilization come after a major decline in funding in 2022, which was influenced by broader economic factors like inflation and rising interest rates. The increased cybersecurity investments in 2024 contrast sharply with overall weak levels of VC funding for the year, and data over the past ten quarters also show that cybersecurity funding levels have been consistent.

“While we can justify an argument that cybersecurity is among the wild west sectors of technology, we are seeing consistent trends materialize,” said Mark Sasson, founder and managing partner at Pinpoint Search Group. “Early-stage vendors dominate funding volume, and quarter-over-quarter funding trends are relatively stable. This has the potential to positively impact investment and business decisions, making security solutions and overall industry performance much more effective.”

For the full, detailed findings of Pinpoint Search Group’s 2024 annual report on cybersecurity funding, please click here.

About Pinpoint Search Group
Pinpoint Search Group is a leading cybersecurity recruitment firm and specializes in filling vice president, director, and senior individual talent. Pinpoint’s collective experience recruiting hundreds of candidates in all segments of cybersecurity provides the company with the credibility to communicate with, qualify, and place professionals in today’s most competitive area of technology. Pinpoint also produces Cybersecurity M&A and Vendor Funding Reports highlighting M&As and funding in the cybersecurity space monthly, quarterly, and annually.

Media Contact:
Christopher Joseph (CJ) Arlotta
CJ Media Solutions, LLC for Pinpoint Search Group
C: 631-572-3019
[email protected]

SOURCE Pinpoint Search Group

Evergreen Nephrology Raises $130 Million to Transform and Expand Access to Value-Based Kidney Care

NASHVILLE, Tenn., Jan. 7, 2025 — Evergreen Nephrology, a leader in value-based kidney care, today announced it has raised $130 million in capital to expand its care model to more patients living with kidney disease. Funding was led by Rubicon Founders, Oak HC/FT and a group of existing investors, with the addition of K2 HealthVentures. Funding will fuel Evergreen’s growth by enabling its expansion into new regions while implementing advanced technologies to improve clinical outcomes, streamline care delivery, and ease the administrative burden on nephrologists.

With over 37 million Americans living with chronic kidney disease and Medicare spending exceeding $95 billion annually, Evergreen’s value-based care approach addresses a critical need to transform how kidney disease is managed.

“This investment enables us to broaden access to care programs that improve patient outcomes while driving down healthcare costs,” said John Donlan, Chief Executive Officer of Evergreen Nephrology. “We are dedicated to creating lasting, positive change for patients and families affected by chronic kidney disease.”

“The healthcare system has long overlooked the critical need to empower nephrologists in the delivery of advanced kidney care management,” said Matt Kim, Partner at Rubicon and Co-Founder of Evergreen Nephrology. “By equipping nephrologists with the tools, resources, and support they need, Evergreen is bridging a crucial gap in healthcare and enabling a more effective, collaborative approach to managing kidney disease.”

Evergreen Nephrology takes a collaborative approach to kidney care by partnering closely with nephrologists to enhance patient outcomes. The organization offers nephrologists wraparound support through analytical insight and tools, and a dedicated care team for their patients consisting of nurse care managers, care coordinators, social workers, dietitians, and pharmacists. This interdisciplinary model ensures that patients receive holistic and personalized care while enabling nephrologists to focus on their clinical expertise and leadership in managing kidney disease.

Ropes & Gray LLP served as Evergreen’s legal counsel in connection with the transaction.

About Evergreen Nephrology

Evergreen Nephrology partners with nephrologists and payors to redefine kidney care for patients with chronic and end-stage kidney disease. Operating across 24 states with a network of over 900 providers, Evergreen delivers personalized, value-based care designed to empower patients and improve outcomes. Learn more at EvergreenNephrology.com.

Media Contact:
Corporate Communications
Evergreen Nephrology
[email protected]

SOURCE Evergreen Nephrology