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§ Private Profile · 105 Apple Tree Ct, North Kingstown, RI 02852, USA
Fintech provider offering accelerated financing for healthcare providers, advancing insurance claims reimbursements within 48 hours.
Based in Madison, Wisconsin, Cylerity is a financial technology company that provides accelerated financing solutions for healthcare providers facing cash flow delays from insurance claims. The organization utilizes proprietary algorithms and machine learning for the predictive valuation of receivables, allowing them to advance 70 to 90 percent of expected reimbursements within 24 to 48 hours. Operating as an embedded fintech service, the platform primarily serves rural and critical access hospitals processing claims from major commercial insurers and government payers like Medicare and Medicaid. Currently operating with fewer than 25 employees and generating under $5 million in annual revenue, the enterprise recently graduated from the Creative Destruction Lab Risk Stream and initiated an institutional fundraise in 2024. Backed by early-stage investors including Tundra Angels, Cylerity was founded by Ryan Wheeler, William Lanzen, and Kenneth Penkowski.
Cylerity has raised $32.0M across 2 funding rounds.
Cylerity has raised $32.0M in total across 2 funding rounds.
Cylerity has raised $32.0M across 2 funding rounds. Most recently, it raised $28.0M Debt / Seed in October 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 29, 2025 | $28M Debt Financing | Mark Bakken | C2 Ventures, First Business Bank, Tundra Angels, Upstream Ventures, Wisconsin Investment Partners | Announced |
| Oct 1, 2025 | $4M Seed | — | C2 Investment, HealthX Ventures | Announced |
Cylerity is a fintech company headquartered in Madison, Wisconsin, specializing in healthcare financing solutions that address cash flow challenges for providers due to delayed insurance and Medicare reimbursements.[1][2] Its platform advances 70-90% of expected claim values within 48 hours using a proprietary algorithm to predict reimbursements, delays, and denial risks, targeting rural and critical access hospitals to provide lower-cost capital access previously unavailable to smaller providers.[1][2] With under 25 employees and revenue below $5 million, Cylerity recently raised a $4M seed round and secured up to $24M in debt facilities as of October 2025, signaling strong early growth momentum in stabilizing provider revenue without operational changes.[2]
Cylerity emerged from a team of diverse experts in banking, finance, healthcare billing, payments, supplies, and technology who identified a core challenge: helping healthcare leaders better access and manage financial resources amid complex reimbursement delays.[3] Founded in Madison, Wisconsin, the company developed its platform to deliver real-time financial insights and rapid advances on accounts receivable, starting with a focus on Medicare and commercial insurance claims.[1][2][3] Key early traction includes the October 2025 announcement of a $4M seed round and up to $24M debt facility, directly tackling the "slow pay problem" threatening rural hospitals' viability.[2]
Cylerity rides the fintech-healthcare convergence trend, addressing reimbursement delays that endanger rural hospitals amid rising closures and consolidations by larger systems.[2] Its timing aligns with intensifying pressures on U.S. healthcare financing, where slow insurance payments exacerbate cash flow volatility for smaller providers, a market force amplified by post-pandemic financial strains.[1][2] By collateralizing claims via AI-driven valuation, Cylerity influences the ecosystem by broadening affordable capital access, potentially stabilizing community hospitals and fostering innovation in accounts receivable (A/R) financing.[2][3]
Cylerity's platform positions it to scale rapidly with its recent $4M seed and $24M debt facility, likely expanding to more provider types and integrating deeper analytics for proactive financial management.[2][3] Trends like AI-enhanced risk modeling and regulatory pushes for rural healthcare sustainability will shape its growth, potentially evolving its influence toward a broader A/R financing standard in healthcare.[1][2] As adoption grows, Cylerity could redefine cash flow acceleration, empowering providers to prioritize patient care over financial survival.[2]
Cylerity has raised $32.0M in total across 2 funding rounds.
Cylerity's investors include Mark Bakken, C2 Ventures, First Business Bank, Tundra Angels, Upstream Ventures, Wisconsin Investment Partners, C2Ventures, HealthX Ventures.