Enam Noor
South Baltimore-based Insightin Health raised $12 million in a Series A round as it seeks to continue scaling its data-based decision-making platform and plans to grow its team.
The round had two lead investors: Blue Venture Fund, which is a collaboration between health insurers Blue Cross Blue Shield, the Blue Cross Blue Shield Association and fund manager Sandbox, and Richmond, Virginia-based healthcare growth equity fund Blue Heron Capital. Also participating were New York-based Health Catalyst Capital, D.C.-based Revolution’s Rise of the Rest Seed Fund, and Bethesda-based SaaS Ventures, which also previously joined a $2 million seed round for the company.
“Blue Venture Fund sits at an intersection of venture capital and healthcare plans, which makes us feel uniquely qualified to support brands like Insightin Health,” said Binoy Bhansali, managing director of the Blue Venture Fund, in a statement. “We’re committed as an organization to improve the health system, and we feel a solution like Insightin Health takes great strides in getting us there.”
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