Particle Health is a technology company.
Particle Health has raised $37.0M across 2 funding rounds.
Particle Health has raised $37.0M in total across 2 funding rounds.
Particle Health is a health tech company founded in 2018 that provides a modern, developer-friendly API platform for secure access to comprehensive patient medical records from over 270 million patients across U.S. electronic medical records (EMRs) and health information exchanges.[1][2][6] It serves digital health innovators, value-based care providers, payers, health systems, and developers by solving the problem of fragmented healthcare data silos, enabling rapid interoperability, real-time insights, and actionable analytics for use cases like care coordination, risk stratification, and patient management—ultimately aiming to #destroythefaxmachine and prioritize patient-centered care.[1][2][4][6] The platform has shown strong growth momentum, raising a $12M Series A in early 2020 led by Menlo Ventures and a Series B led by Canvas Ventures with participation from Menlo, Story Ventures, and Pruven Capital, while expanding from basic data access to advanced tools like the Insights Platform (Snapshot, Signal, Navigator, Workbench).[1][2][3][4]
Particle Health was co-founded in early 2018 by Troy Bannister and Dan Horbatt, who identified an opportunity to break down healthcare data silos amid new legislation enabling better interoperability with major U.S. EMRs.[1][2][4] Bannister, in interviews, emphasized building intuitive API experiences for developers and scalable infrastructure for health tech leaders, driven by a mission to make medical records accessible and actionable.[2] Early traction came from integrations with top EMRs, word-of-mouth referrals, press, paid media, content marketing, and thought leadership via their blog, securing the first 100 customers organically.[2] By early 2020, this momentum led to a pivotal $12M Series A round led by Menlo Ventures, fueling platform expansion.[1][2]
Particle Health rides the wave of U.S. healthcare interoperability mandates and the shift to value-based care, where real-time clinical data replaces delayed claims to enable proactive interventions amid rising costs (e.g., 5% of patients driving over half of spending).[3][4][6] Timing is ideal post-2018 legislation like the 21st Century Cures Act, which unlocked EMR data sharing, positioning Particle to bridge fintech-inspired APIs with fragmented health systems for exponential tech adoption.[1][2] Market forces favoring it include exploding digital health demand, AI-driven analytics needs, and payer-provider pressures for efficiency, reducing readmissions and keeping care in-network.[4][7] By empowering innovators with nationwide records, Particle influences the ecosystem toward patient-focused interoperability, dismantling fax-based relics and accelerating solutions in telehealth, chronic management, and regulatory compliance.[1][8]
Particle Health is poised to dominate healthcare data infrastructure by evolving from access to AI-enhanced insights, with direct patient data access via API and new partner tools on the horizon, scaling to the full industry amid hiring expansions.[3][6] Trends like value-based care mandates, real-time analytics integration with AI, and nationwide data ecosystems will propel growth, potentially capturing more of the $4T+ U.S. healthcare market. Its influence may evolve into the de facto standard for clinical data, further humanizing care through accessible, actionable records—just as its founders envisioned when breaking silos in 2018.[1][3]
Particle Health has raised $37.0M in total across 2 funding rounds.
Particle Health's investors include Camber Creek, Canvas Ventures, FJ Labs, IVP, Lux Capital, Menlo Ventures, Montage Ventures, Transformation Capital, Underscore VC, Ann Berry, Jeff Hammerbacher.
Particle Health has raised $37.0M across 2 funding rounds. Most recently, it raised $25.0M Series B in July 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2022 | $25.0M Series B | Camber Creek, Canvas Ventures, FJ Labs, IVP, Lux Capital, Menlo Ventures, Montage Ventures, Transformation Capital, Underscore VC, Ann Berry, Jeff Hammerbacher | |
| Apr 1, 2020 | $12.0M Series A | IVP, Lux Capital, Menlo Ventures, Transformation Capital, Underscore VC, Jeff Hammerbacher |