Innovaccer, a healthtech platform, has raised $150 million in a Series E round led by Mubadala Capital.
There was participation from existing investors B Capital Group, Microsoft’s M12 fund, OMERS Growth Equity, Dragoneer, Steadview Capital, Tiger Global Management, and other new investors.
Innovaccer raised over $375 million to date.
“We’ve reached a turning point in healthcare, where the world of fragmented, fee-for-service sick care is giving way to a new world of integrated, value-based, preventive care,’ said Abhinav Shashank, cofounder and CEO of Innovaccer.
Innovaccer plans to use its new funding to invest in R&D and recruit new hires as it rapidly scales its customer experience, product, and engineering talent.