June 10th, 2020
Kyruus Secures $30 Million Investment from Francisco Partners
New Funding Will Accelerate Company’s Ability to Support Healthcare Organizations Caring for Patients During Unprecedented Time
Boston, MA and San Francisco, CA – June 10, 2020 – Kyruus, the leader in provider search and scheduling solutions for health systems, today announced that it has obtained $30 million in new funding from Francisco Partners, a leading global technology-focused private equity firm with extensive experience in healthcare IT. The new financing comes on the heels of a $42 million Series D round Kyruus closed late last year. At a time when the Kyruus platform has been critical to the ability for healthcare organizations to facilitate patient access during the COVID-19 pandemic, the additional funding will propel the company’s plans to expand its platform, broaden its footprint with health systems, and expand to new market segments.
Kyruus pioneered the patient access category within healthcare IT and has maintained its market leadership with an experienced, mission-driven team, award-winning platform, premium partner network, and proven customer impact. The fast-growing company now serves 600 hospitals and over a quarter of a million healthcare providers across the US. Through its enterprise provider data management and patient access platform, Kyruus enables healthcare organizations to understand their care networks like never before and connect consumers with the right care via modern search and scheduling experiences.
“Kyruus exists to enable human beings to care for other human beings,” said Graham Gardner, MD, Co-Founder and CEO of Kyruus. “We anchored our platform on the principle that healthcare organizations could better match patients to the right providers and care settings through a data-driven approach to routing and scheduling. This ability to connect patients to the appropriate care – across virtual and in-person appointments – has never been more critical. We are excited to work with the team at Francisco Partners to accelerate our impact through a range of strategic opportunities.”
Francisco Partners’ investment brings Kyruus’ total funding to more than $155 million. The firm’s Co-President, Ezra Perlman, who focuses on investments in the healthcare IT sector, will serve on Kyruus’ Board of Directors, joining existing investors from Venrock, Highland Capital Partners, and Providence Ventures as well as industry veterans from Partners HealthCare and athenahealth.
“Kyruus offers an unparalleled platform for enabling healthcare organizations to route patients to the right care options and streamline the access experience,” said Ezra Perlman. “At a time when major capacity constraints have converged with a rapid uptick in new care delivery methods, Kyruus is perfectly positioned to meet the industry’s evolving needs. We look forward to working with Graham and the rest of the Kyruus team to support the company’s ability to coordinate care for patients across the country.”