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§ Private Profile · Washington, DC, USA
SaaS data management platform simplifying healthcare reimbursement for payers and providers, supporting bundled payment models.
AVER is a healthcare technology company based in Madison, Wisconsin, that develops data management software to simplify reimbursement processes and support the transition to bundled payment models. The SaaS platform translates complex regulatory rules into actionable intelligence, allowing healthcare payers and medical providers to analyze claims data and systematically reduce overall care costs across the United States. The organization operates with an initial team of 10 employees and has raised $11 million in total equity funding, comprising an $8.5 million Series A round alongside $2.5 million in prior angel investments. AVER is backed by institutional investors such as GE Ventures, Drive Capital, and Wisconsin Investment Partners, while serving major healthcare organizations including the University of Pittsburgh Medical Center and Molina Healthcare. The enterprise was officially founded in the year 2010 by chief executive officer Kurt Brenkus.
AVER has raised $98.6M across 3 funding rounds.
AVER has raised $98.6M in total across 3 funding rounds.
AVER has raised $98.6M across 3 funding rounds. Most recently, it raised $58.0M Other Equity in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 3, 2021 | $58M Venture Round | — | — | Announced |
| Jan 9, 2020 | $27M Series C | — | Mark Kvamme, Hearst Ventures, Heritage Group, NCT Ventures | Announced |
| Jan 5, 2016 | $13.6M Series B | Rock Morphis | Cardinal Health, GE Ventures, Hearst Ventures, NCT Ventures, StartUp Health | Announced |
AVER has raised $98.6M in total across 3 funding rounds.
AVER's investors include Mark Kvamme, Hearst Ventures, Heritage Group, NCT Ventures, Rock Morphis, Cardinal Health, GE Ventures, StartUp Health.