Kyruus Funding, Investors & Competitors

Kyruus has raised $172M across 9 funding rounds, most recently a $35M undisclosed-stage round in September 2022.

Last Kyruus funding round

$35M

Undisclosed stage · Sep 2022

Cumulative funding Kyruus raised

$172M

across 9 funding rounds

Key investors in Kyruus

  • Venrock
  • Highland Capital Partners
  • Lux Capital
  • F-Prime
  • Salesforce Ventures
  • New Leaf Venture Partners
  • McKesson Ventures
  • Allumia Ventures

Kyruus Overview

About Kyruus

Kyruus is a Boston-headquartered healthcare technology provider founded in 2010 that specializes in provider search and scheduling solutions. Its ProviderMatch suite supports hospitals and health systems by matching patients with suitable providers through consumer-facing tools, access centers, and referral networks. The proprietary provider data management platform processes administrative data to ensure accuracy and align supply with demand. Kyruus serves over 750 health systems across the United States, managing data for more than one million providers. Acquired by Change Healthcare in 2021, the company now integrates with Optum's broader ecosystem to enhance patient access and operational efficiency in care delivery.


Founded

2010

HQ

United StatesBoston, MA

Website

kyruus.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Kyruus Funding History

Kyruus has raised a total of $172M across 9 funding rounds.

Kyruus' first fundraising round was a $11M Series B in January 2013. The most recent completed round was a $35M undisclosed-stage round in September 2022.

Kyruus funding rounds

Kyruus funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2022Undisclosed stage-$35MKyruus is a developer of a SaaS-based administrative data management platform built for healthcare organizations. On September 30, 2022, the company raised $35.1 million in venture funding from undisclosed investors, as reported in healthcare transaction reviews. This represented one of multiple funding rounds in the company's capital raising history, which included Series B, Series D, and private equity contributions from firms such as Highland Capital Partners, Venrock, and Francisco Partners. The company's post-money valuation for the September 2022 round was not publicly disclosed, nor were specific revenue or EBITDA figures available for the period around the funding date. Kyruus subsequently acquired Epion Health in September 2022 and has continued to operate in the healthcare technology and data management space.
Jun 2020Undisclosed stageFrancisco Partners (lead); Transformation Capital$30MKyruus, a leader in provider search and scheduling solutions for health systems, secured $30 million in new funding from Francisco Partners in June 2020, bringing total funding to over $155 million following a $42 million Series D round in late 2019. This investment, announced amid the COVID-19 pandemic, aimed to expand the platform, broaden health system partnerships, and enter new market segments, supporting healthcare organizations in facilitating patient access. The company served 600 hospitals and over a quarter million providers across the US through its enterprise provider data management and patient access platform. Francisco Partners, a global technology-focused private equity firm with healthcare IT expertise, had Co-President Ezra Perlman join Kyruus' board alongside investors from Venrock, Highland Capital Partners, Providence Ventures, and others. The funding propelled 2020 growth, including over 60% employee expansion and product enhancements for more than 65 health system customers responding to pandemic needs. Kyruus earned recognitions as a top workplace from The Boston Globe, Boston Business Journal, and Built In Boston. Capping 2020 momentum, Kyruus announced plans to acquire HealthSparq, a healthcare guidance platform serving 100 health plan brands and 80 million members, to accelerate entry into the health plan market and foster payer-provider collaboration for better care navigation.
Jan 2020Series DHighland Capital Partners (lead); Venrock (lead); Salesforce Ventures; Allumia Ventures$42MKyruus, a leader in provider search and scheduling solutions for health systems, raised $42 million in a Series D round in January 2020 led by Highland Capital Partners and Venrock, with participation from Salesforce Ventures and others. The funding was intended to accelerate growth, platform expansion, and product innovation amid the evolving needs of over 65 health system customers responding to COVID-19. This followed prior rounds including a $25M Series C in 2015 and smaller corporate rounds in 2018. In 2020, Kyruus demonstrated strong business momentum, launching online scheduling for COVID-19 tests and vaccines, facilitating hundreds of thousands of appointments, and retaining over 98% of its customer base despite the pandemic. The company grew its employee base by over 60% that year and received recognition as a top workplace in Boston. A subsequent $30M round in June 2020 from Francisco Partners supported further expansion into the health plan market via acquisition and pandemic-related healthcare needs. Kyruus served over 500,000 providers across 1,400 hospitals and health plans by 2024, competing with firms like Health Catalyst.
Oct 2018Strategic investmentSalesforce Ventures (lead)$4MKyruus is a Boston-based healthcare technology company founded in 2010 that develops a platform for provider search, patient matching, and scheduling solutions for health systems. The platform helps match patients with appropriate providers across online searches, calls, or referrals, integrating with systems like Salesforce Health Cloud and IBM Watson to reduce appointment wait times and improve access to care. In October 2018, Kyruus raised $4 million in a corporate round led by Salesforce Ventures. This followed a $10 million strategic round in April 2018 from undisclosed investors including Providence Ventures and came ahead of a $42 million Series D in January 2020 co-led by Venrock and Highland Capital Partners with participation from Providence Ventures and Salesforce Ventures. The Salesforce investment supported the launch of ProviderMatch on the Salesforce AppExchange and leveraged Salesforce's expertise to expand platform capabilities. At the time, Kyruus managed over 150,000 providers and served more than 500 hospitals nationwide as customers. The company had partnerships with health systems like Mercy Health, Providence St. Joseph, and McKesson, along with tech integrations. Total funding raised exceeded $125 million by early 2020.
Apr 2018Strategic investmentMcKesson Ventures; Highland Capital Partners; Transformation Partner; Allumia Ventures; Lux Capital; F-Prime; New Leaf Venture Partners; Venrock; Leerink Transformation Partners; Fidelity Ventures$10MKyruus, a Boston-based healthtech company, provides provider search and scheduling solutions including the KyruusOne platform and ProviderMatch applications to optimize patient-provider matching for health systems. In April 2018, it raised $10 million in a strategic funding round from investors including Venrock, Highland Capital Partners, New Leaf Venture Partners, Leerink Transformation Partners, F-Prime Capital Partners, Fidelity Biosciences, McKesson Ventures, Lux Capital, and Providence Ventures. The funding supported growth in product development and delivery teams, platform expansion, and integrations with digital health leaders. The company reported doubling its revenue in 2017 and increasing the number of hospitals on its platform by 50%, with over 400 hospitals as customers including Piedmont Healthcare, Jefferson Health, and University of Miami Health System. Customers deployed solutions across multiple access points, such as a major expansion with Partners HealthCare.
Feb 2017Series C-$4MKyruus raised $4 million in a Series C funding round in February 2017 to further develop its technology and support ongoing growth. The company provides provider search and scheduling solutions for health systems. This round contributed to Kyruus' total funding exceeding $172 million across multiple rounds through 2022.
Sep 2015Series CNew Leaf Venture Partners (lead); McKesson Ventures; Highland Capital Partners; Leerink Partners; Providence Health & Services; Lux Capital; F-Prime; Venrock$25MKyruus is a SaaS-based provider search and scheduling platform that helps health systems optimize patient access, referral management, and scheduling using big data analytics in its ProviderMatch technology. The company raised $25 million in a Series C funding round on September 18, 2015, led by New Leaf Venture Partners, with participation from Providence Health & Services, Leerink Partners (also noted as Leerink Capital Partners), McKesson Ventures, and existing investors Venrock, Highland Capital Partners, and Lux Capital (F-Prime likely referring to Fidelity Biosciences). The funds were allocated to scale client development and implementation teams, expand product capabilities including patient-facing search, online scheduling, network analytics, and patient CRM, and accelerate adoption at leading health systems. At the time of the round, Kyruus had seen rapid growth, deploying its software across call centers, referring physician offices, and hospital websites to manage scheduling and referrals for over 20,000 providers. Customers such as Keck Medicine of USC, Mercy Health, Community Health Network, and Swedish Medical Center reported productivity increases of 5-10% across their provider bases while improving patient matching accuracy. Providence Health & Services, a key customer and investor, highlighted Kyruus' role in helping patients find suitable physicians from its network of nearly 16,000 employed and affiliated doctors. This Series C built on prior rounds, including an $11 million Series B in January 2013 led by Lux Capital and an $8.5 million Series A in 2011 with Highland Capital, Venrock, and others. Valuation details for the 2015 round were not publicly disclosed, consistent with reporting across sources. Kyruus continued raising capital post-2015, including a $42 million Series D in January 2020 led by Highland Capital Partners and Venrock, bringing total funding over $125 million, and further rounds in 2020 and 2022.
May 2014Series A-$11MKyruus raised $11.3 million in a private equity round in May 2014. The company, founded in 2010, pioneered provider search and scheduling solutions for health systems. By early 2013, Kyruus had established a customer base of over 20 leading healthcare organizations ranging from community hospitals to large multi-facility health systems. The company's platform enabled organizations to optimize physician network performance across network development, referral management, and regulatory compliance. Post-money valuation and financial metrics for the 2014 funding round were not publicly disclosed. Revenue and EBITDA data for the 2014 period are not available in public sources; the earliest disclosed financial metrics show the company achieved profitability by 2023 with projected ARR exceeding $150 million in 2025.
Jan 2013Series BLux Capital (lead); Highland Capital Partners; F-Prime; Venrock$11MKyruus raised $11 million in its Series B funding round in January 2013, led by Lux Capital with participation from F-Prime, Highland Capital Partners, and Venrock. The funding supported team expansion and accelerated product development. This followed earlier rounds including a Series A of $8 million in June 2011 and a $3 million round in November 2011.

Who has invested in Kyruus?

15 investors have backed Kyruus across its funding rounds, including Venrock, Highland Capital Partners, Lux Capital, F-Prime, Salesforce Ventures and New Leaf Venture Partners.

Lead investors include Francisco Partners, Highland Capital Partners, Venrock, Salesforce Ventures, New Leaf Venture Partners and 1 other investor.


Kyruus Investors

Investors in Kyruus by funding rounds participated
InvestorHQRoundsRoleFirst check
Highland Capital PartnersUnited StatesLexington, KY4LeadJan 2013
VenrockUnited StatesSan Francisco, CA4LeadJan 2013
Lux CapitalUnited StatesNew York City, NY3LeadJan 2013
F-PrimeUnited StatesUnited States3ParticipantJan 2013
Salesforce VenturesUnited StatesSan Francisco, CA2LeadOct 2018
McKesson VenturesUnited StatesSan Francisco, CA2ParticipantSep 2015
Allumia VenturesUnited StatesSeattle, WA2ParticipantApr 2018
New Leaf Venture PartnersUnited StatesNew York City, NY2LeadSep 2015
Leerink PartnersUnited StatesUnited States1ParticipantSep 2015
Transformation PartnerDenmarkDenmark1ParticipantApr 2018
Providence Health & ServicesUnited StatesUnited States1ParticipantSep 2015
Leerink Transformation PartnersUnited StatesBoston, MA1ParticipantApr 2018
Fidelity VenturesUnited StatesBoston, MA1ParticipantApr 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Kyruus

Kyruus has acquired 2 companies to date.

Last acquisition by Kyruus was on September 13th 2022. Kyruus acquired Epion Health for undisclosed valuation.


Latest Acquisitions by Kyruus

Epion Health
HealthSparq
Description
Epion Health is a Roseland, New Jersey-headquartered provider of cloud-based mobile health applications. Founded in 2011, the company delivers patient engagement platforms for scheduling, reminders, and content delivery integrated with EHR systems like Epic. Epion serves hospitals and clinics with HIPAA-compliant tools for telehealth and population health management.
HealthSparq is a Portland, Oregon-based healthcare transparency platform, part of Cambia Health Solutions, providing cost estimators and provider reviews for 15 million members. The software aggregates claims data from Blue Cross Blue Shield and links it to quality metrics. HealthSparq acquired Clarus Health in 2014 to enhance consumer guidance. It supports self-funded employers like Boeing.
HQ CountryUnited StatesUnited States
HQ City
Hoboken, NJ
Portland, OR
Deal Date13 Sep 202217 Dec 2020
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Kyruus Competitors

Kyruus competitors include listed companies like Claritev and IQVIA, and private ones like Uptake Technologies, ReliaQuest, MOV and Commure.

Public and private companies comparable to Kyruus
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Uptake TechnologiesUnited StatesUnited StatesPrivate$100M-$2.3B23.0x
ClaritevUnited StatesUnited StatesPublicly listed$965M$466M$538M5.2x
ReliaQuestUnited StatesTampa, FLPrivate$300M-$3.4B11.3x
MOVJapanTokyoPrivate--$3B-
CommureUnited StatesSan Francisco, CAPrivate$200M-$7B35.0x
IQVIAUnited StatesUnited StatesPublicly listed$16B$3.4B$44B3.4x

Kyruus Public Comps

Kyruus is still privately-owned, but its public comps include Palantir, ServiceNow, Datadog, RELX, Strategy, IQVIA, Constellation Software, Veeva, IDEXX Laboratories and Roper Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Veeva$3.2B$965M11.1x10.2x36.9x22.4x

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Common questions about Kyruus

When was Kyruus founded?Kyruus was founded in 2010.
Where is Kyruus headquartered?Kyruus is headquartered in Boston, MA, United States.
Is Kyruus publicly listed?No, Kyruus is a private, VC-backed company.
How much funding has Kyruus raised?Kyruus has raised $172M across 9 funding rounds.
What was Kyruus' last funding round?Kyruus' last funding round was a $35M undisclosed-stage round in September 2022.
Who are Kyruus' investors?Kyruus' investors include Highland Capital Partners, Venrock, Lux Capital, F-Prime, Salesforce Ventures, McKesson Ventures, Allumia Ventures, New Leaf Venture Partners, Leerink Partners, Transformation Partner and 5 others.
Which companies are comparable to Kyruus?Companies comparable to Kyruus include Uptake Technologies, Claritev, ReliaQuest, MOV, Commure and IQVIA.
How many companies has Kyruus acquired?Kyruus has acquired 2 companies, including Epion Health and HealthSparq.

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