Particle Health raises $25 million

Healthcare data exchange startup Particle Health has raised $25 million in a Series B round led by Canvas Ventures, with participation from Menlo Ventures, Story Ventures, and PruVen Capital. The financing brings the organization’s total capital raised to $39.3 million.

Founded in 2018, the NYC-based startup offers a “modern API platform” which combines data from 270M+ medical records.

The team has expanded from 11 to 40 people since its $12 million Series A led by Menlo Ventures in 2020.

“Particle Health was founded with the mission to dramatically change lives through access to vital medical data. Since day one, we’ve established ourselves as an industry leader that standardizes records, identifies key pieces of information, and focuses on patient attributes that lead to more clinically relevant decision making. With this latest round of funding, our team is looking forward to evolving the capabilities of our API platform further to empower our users with even more meaningful and actionable data.” – Troy Bannister, Particle Health co-founder and CEO.

“What Particle Health has been able to accomplish when it comes to helping organizations find and use clinical data at scale is a game-changer. Troy’s experience in healthcare, along with the team’s overall background in digital health, has led them to build a product that is solving data access, standardization, and integration problems. This investment will help evolve Particle’s API platform, allowing users to uncover more actionable care improvements from their patient data. Just as Plaid enabled the fintech industry, Particle is doing the same for healthcare.” – Rebecca Lynn, co-founder and general partner at Canvas Ventures.