Abacus Insights Secures $12.7M Series A Led by CRV

Abacus Insights , a healthcare data integration company with operations in New York and Boston, has announced a $12.7m Series A financing round. Venture capital powerhouse, CRV, led the funding, with participation from existing investors, .406 Ventures and Echo Health Ventures.

Established in 2017, Abacus leverages its cloud-based data integration to liberate healthcare data on behalf of its customers. Health insurers can use the Abacus platform to enhance consumers’ experiences, improve patients’ health, and lower the cost of care.

“This investment will help propel us forward as we continue to scale the company, adding talented professionals who are looking to make a difference tackling one of the thorniest problems facing our healthcare system. We chose CRV because they have a deep understanding of the tech landscape and how to scale high-growth platform businesses. We believe partnering with them and our existing investors, .406 Ventures and Echo Health Ventures, uniquely positions us to continue to innovate on our data platform to meet the aggressive demand we are seeing in the market.” – Abacus Insights Founder and CEO Dr. Minal Patel.