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§ Private Profile · Washington, DC, USA
AI-driven SaaS platform automates prior authorization for healthcare payers & providers, boosting efficiency & patient access.
Based in Washington, D.C., Banjo Health develops an artificial intelligence platform that automates medical and pharmacy prior authorization processes for healthcare payers, pharmacy benefit managers, and medical providers. The company operates a subscription model that currently serves eight enterprise clients and covers more than 20 million patient lives across the United States healthcare sector. Utilizing machine learning algorithms to reduce administrative bottlenecks, the core software platform processes approximately two million prior authorization requests annually with an estimated workforce of 10 to 50 employees. To scale its operations, Banjo Health has raised over $5 million in venture capital funding from a syndicate of institutional backers that includes Epsilon Health Investors, Tau Ventures, Spark Growth Ventures, and HC9 Ventures. The private enterprise healthcare technology company was officially founded in 2019 by Saar Mahna and James Rollins.
Banjo Health has raised $5.0M across 1 funding round.
Banjo Health has raised $5.0M in total across 1 funding round.
Banjo Health has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Series A in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 14, 2021 | $5M Series A | Epsilon Health Investors | Greg Epstein, HEM Suri, TAU Ventures | Announced |
Banjo Health has raised $5.0M in total across 1 funding round.
Banjo Health's investors include Greg Epstein, Hem Suri, Tau Ventures.