Healthcare Financing Startup TailorMed Raises $6 Million

Healthcare financing startup TailorMed Ltd., announced Wednesday that it had recently completed a $6 million series A funding round. The round was led by healthcare-focused venture capital fund TriVentures, with participation from existing investor Sanara Ventures Ltd., an Israel-based healthcare-focused early stage investment group and incubator backed by Teva Pharmaceutical Industries Ltd. and by the healthcare business of electronics company Koninklijke Philips NV.

Founded in 2017 and based in central Israel, TailorMed develops software designed to streamline financial processes between patients and healthcare providers. As part of its services, TailorMed’s technology uses data analytics to identify patients with high financial risk, offering them personalized funding opportunities and enrolling them in relevant financing programs. The company launched commercially in the U.S. in 2017.