NexHealth Valuation, Funding & Investors

NexHealth is valued at $1B as of April 2022.

Last NexHealth valuation

$1B

Series C · Apr 2022

Last NexHealth funding round

$125M

Series C · Apr 2022

Cumulative funding NexHealth raised

$177M

across 6 funding rounds

Key investors in NexHealth

  • Scott Belsky
  • Buckley Ventures
  • Josh Buckley
  • iSeed Ventures
  • Rahul Vohra
  • Point Nine

NexHealth Overview

About NexHealth

NexHealth is a San Francisco-based operating system integrating electronic health records with patient-facing tools. Launched in 2017, it connects patients, providers, and developers via online scheduling, two-way messaging, payments, and standardized APIs, streamlining healthcare workflows across thousands of practices nationwide.


Founded

2016

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Apr 2022)

NexHealth Valuation

NexHealth is currently valued at $1B, based on its Series C in April 2022.

The $125M round was led by Buckley Ventures, with participation from Jack Altman, Spearhead, Rahul Vohra, Lachy Groom, Shahed Khan and 6 other investors.

NexHealth's valuation has grown 10x from $100M at its Series A in June 2020 to $1B in April 2022, across 3 priced rounds.

NexHealth valuation by funding round

NexHealth valuation by funding round
DateStageValuation
Apr 2022Series C$1B
Jun 2021Series B$431M
Jun 2020Series A$100M

NexHealth Funding History

NexHealth has raised a total of $177M across 6 funding rounds.

NexHealth's first fundraising round was a $400K pre-seed round in August 2016. The most recent completed round was a $125M Series C in April 2022.

NexHealth funding rounds

NexHealth funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Series CBuckley Ventures (lead); Jack Altman; Spearhead; Rahul Vohra; Lachy Groom; Shahed Khan; Shreyas Doshi; Packy McCormick; Scott Belsky; Ironwood Ventures; Eric Glyman; Skip Capital$125M$1BNexHealth is a patient experience platform that digitizes the front-end patient interaction and automates back-end administrative processes for healthcare providers including dentists and medical practices. The platform integrates with practice management systems and electronic health records (EHRs) to provide features such as online booking, two-way HIPAA-compliant messaging, patient form requests, appointment reminders, reviews, waitlists, marketing campaigns, and payment processing. The company also offers a universal API that enables healthcare developers and entrepreneurs to integrate with multiple EHR systems and build new health technology solutions. In April 2022, NexHealth closed a Series C funding round of $125 million led by Buckley Ventures, with participation from angel investors Lachy Groom, Jack Altman, Scott Belsky, Shreyas Doshi, Eric Glyman, Shahed Khan, Packy McCormick, and Rahul Vohra. This funding brought the company to a $1 billion post-money valuation, achieving unicorn status. The round followed a Series B in June 2021 that valued the company at $431 million, demonstrating significant growth in investor valuation within approximately one year. At the time of the Series C close, NexHealth was managing 68 million patient records and had expanded its customer base to include large enterprise dental and healthcare providers such as Mid-Atlantic Dental Partners, Coast Dental, and Jefferson Dental, in addition to earlier customers SmileDirectClub and Quip. The company stated it had raised $176-177 million cumulatively across eight funding rounds by April 2022. Management stated the capital would be deployed toward strategic talent acquisition, development of new doctor-facing platform features including one-click booking and integrated forms, and expansion of integrations with additional practice management systems and EHRs to broaden the API's reach to health tech developers.
Jun 2021Series BBuckley Ventures (lead); Jeffrey Katzenberg (lead); Josh Buckley (lead)$31M$431MNexHealth is a San Francisco-based patient experience management platform founded in 2015-2017 by Alamin Uddin and Waleed Asif. The platform serves healthcare providers including independent doctors and dentists, offering features such as real-time online appointment booking, text and email billing, automated reminders, recalls, two-way messaging, reviews, and reports. The system integrates with Electronic Health Record systems and synchronizes patient records in real-time across connected applications. In June 2021, NexHealth announced a $31 million Series B round at a post-money valuation of $431.49 million, co-led by Jeffrey Katzenberg (founder of DreamWorks) and Josh Buckley (founder of Buckley Ventures and CEO of Product Hunt), with participation from Buckley Ventures and other investors including Zach Perret (founder of Plaid), Packy McCormick (founder of Not Boring), and existing backers from previous rounds. This round brought the company's total funding to approximately $51 million at that time. At the time of the Series B, NexHealth reported serving over 75,000 customers including dentists, doctors, and healthcare software developers using the platform as a service. The company managed approximately 30 million patient records and had grown its team from fewer than 20 employees to over 120 within the preceding 12 months, with 300 percent user base growth. The leadership team expanded to include executives recruited from Netflix, Upwork, Redfin, Amplitude, and SAP. NexHealth positions itself as a 'Shopify for doctors,' modernizing the front-end patient experience and back-office administrative processes for small-to-medium-sized medical practices. The capital infusion was intended to expand the engineering team, drive adoption among practices, enhance healthcare data integration, and commercialize products for healthcare developers. The company had previously raised a $15 million Series A in June 2020 and a $4.2 million seed round in September 2019 led by Point Nine Capital.
Jun 2020Series ABuckley Ventures (lead); Josh Buckley (lead); James Beshara; Naval Ravikant; Christoph Janz; Rahul Vohra; Harry Stebbings; Scott Belsky$15M$100MNexHealth provides a patient experience platform that digitizes front-end interactions for patients and doctors, automates back-end administrative processes, and offers a universal API for developers to access healthcare records and build solutions. The company, founded in 2016 by Alamin Uddin and Waleed Asif and headquartered in San Francisco, integrates with practice management systems and EHRs to enable features like appointment scheduling, online forms, automated reminders, online payments, and patient reviews. On June 30, 2020, NexHealth closed its Series A funding, consisting of a $5 million Series A-1 and $10 million Series A-2, led by Buckley Ventures and Josh Buckley, with participation from Christoph Janz, Harry Stebbings, James Beshara, Naval Ravikant, Rahul Vohra, Scott Belsky, and others. The rounds achieved a post-money valuation of $100.31 million. Proceeds supported initial growth and development of the company's data-sharing infrastructure. This followed a $4.2 million seed round in September 2019 led by Point Nine. NexHealth later raised a $31 million Series B in June 2021 led by Buckley Ventures and Jeffrey Katzenberg at a $431.49 million post-money valuation, and a $125 million Series C in April 2022 led by Buckley Ventures reaching a $1 billion valuation.
Sep 2019SeedPoint Nine (lead); iSeed Ventures; Rubicon Venture Capital; Scott Belsky$4M-NexHealth, a patient experience management platform for medical practices and dentists, raised $4.2 million in a funding round led by Point Nine Capital in September 2019. The round included participation from iSeed Ventures and Rubicon Venture Capital. The company was founded in 2017 and has since grown to manage millions of patient records and support thousands of healthcare providers. A post-money valuation was not publicly disclosed for this 2019 seed-stage round, though the company later achieved a $1 billion valuation in April 2022 when it raised a $125 million Series C.
Jan 2017SeedDeNA (lead); iSeed Ventures (lead)$1M--
Aug 2016Pre-seed-$400K--

Who has invested in NexHealth?

22 investors have backed NexHealth across its funding rounds, including Scott Belsky, Buckley Ventures, Josh Buckley, iSeed Ventures, Rahul Vohra and Point Nine.

Lead investors include Buckley Ventures, Jeffrey Katzenberg, Josh Buckley, Point Nine, DeNA and 1 other investor.


NexHealth Investors

Investors in NexHealth by funding rounds participated
InvestorHQRoundsRoleFirst check
Buckley VenturesUnited StatesSan Francisco, CA3LeadJun 2020
Scott BelskyUnited StatesNew York City, NY3ParticipantSep 2019
iSeed VenturesUnited StatesSan Francisco, CA2LeadJan 2017
Rahul VohraUnited StatesSan Francisco, CA2ParticipantJun 2020
Josh BuckleyUnited StatesSan Francisco, CA2LeadJun 2020
Jeffrey KatzenbergUnited StatesBoulder, CO1LeadJun 2021
Jack AltmanUnited StatesSan Francisco, CA1ParticipantApr 2022
SpearheadUnited StatesBoston, MA1ParticipantApr 2022
James BesharaUnited StatesSan Francisco, CA1ParticipantJun 2020
Naval RavikantUnited StatesSan Francisco, CA1ParticipantJun 2020
Point NineGermanyBerlin1LeadSep 2019
Rubicon Venture CapitalUnited StatesSan Francisco, CA1ParticipantSep 2019
Christoph JanzGermanyStuttgart1ParticipantJun 2020

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by NexHealth

NexHealth has acquired 1 company to date.

Last acquisition by NexHealth was on February 2nd 2021. NexHealth acquired Enlive Dental for undisclosed valuation.


Latest Acquisitions by NexHealth

Enlive Dental
Description
Enlive Dental is a producer of products integrating mobile and tablet computing into clinical and front office dental operations. The suite supports digital workflows for practices seeking operational efficiency.
HQ CountryUnited States
HQ City
Los Angeles, CA
Deal Date2 Feb 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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NexHealth Competitors

NexHealth competitors include listed companies like B-Soft Co. and Phreesia, and private ones like DocPlanner, Clarify Health Solutions, Helian Health and UpStream Care.

Public and private companies comparable to NexHealth
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DocPlannerPolandWarsawPrivate--$1B-
Clarify Health SolutionsUnited StatesSan Francisco, CAPrivate--$1.4B-
Helian HealthChinaHangzhouPrivate--$900M-
UpStream CareUnited StatesGreensboro, NCPrivate--$1B-
B-Soft Co.ChinaChinaPublicly listed$157M($37M)$769M4.8x
PhreesiaUnited StatesUnited StatesPublicly listed$481M$27M$638M1.3x

NexHealth Public Comps

NexHealth is still privately-owned, but its public comps include iFLYHealth, Vitec Software, PHC Holdings, HealthStream, MedicalSystem Technology, Talkspace, Teladoc, Hangzhou Pinming Software, GoodRx and Sphere.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
PHC Holdings$2.3B$320M1.0x1.0x7.2x6.5x
HealthStream$304M$63M2.8x2.6x13.2x11.2x
MedicalSystem Technology$45M$12M18.9x15.6x70.7x62.9x
Talkspace$229M$6M3.4x3.4x129.3x49.4x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Hangzhou Pinming Software$65M$8M12.5x11.9x100.2x-

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Common questions about NexHealth

When was NexHealth founded?NexHealth was founded in 2016.
Where is NexHealth headquartered?NexHealth is headquartered in San Francisco, CA, United States.
Is NexHealth publicly listed?No, NexHealth is a private, VC-backed company.
What is NexHealth's valuation?NexHealth was last valued at $1B in its Series C in April 2022.
How much funding has NexHealth raised?NexHealth has raised $177M across 6 funding rounds.
What was NexHealth's last funding round?NexHealth's last funding round was a $125M Series C in April 2022, led by Buckley Ventures.
Who are NexHealth's investors?NexHealth's investors include Buckley Ventures, Scott Belsky, iSeed Ventures, Rahul Vohra, Josh Buckley, Jeffrey Katzenberg, Jack Altman, Spearhead, James Beshara, Naval Ravikant and 12 others.
Which companies are comparable to NexHealth?Companies comparable to NexHealth include DocPlanner, Clarify Health Solutions, Helian Health, UpStream Care, B-Soft Co. and Phreesia.
How many companies has NexHealth acquired?NexHealth has acquired 1 company, including Enlive Dental.

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