Charta Health, a San Francisco, CA-based AI-powered platform that optimizes medical billing and coding workflows, has raised $8.1 million in seed funding.
Investors
The round was led by Bain Capital Ventures, with participation from SV Angel, South Park Commons, SpringRock Ventures, Refract Ventures, and strategic angel investors.
Bain Capital Ventures is a venture capital firm based in San Francisco, California. The firm invests in B2B software startups from seed to growth stages across four domains: Fintech, Commerce, Apps, and Infra. Founded in 1984 with over $10 billion under management, BCV has helped launch and commercialize over 400 companies.
Charta Health Use of Funds
The company will use the funds to expand its research and development efforts, grow its team, and further enhance its AI-powered platform.
About the Company
Founded by Justin Liu and Scott Morris, Charta Health provides an AI-powered platform that optimizes medical billing and coding workflows. Its features include automated pre-bill reviews, AI-powered denial prevention, and customizable compliance audits. By leveraging advanced AI algorithms, the platform enhances accuracy, reduces administrative burden, and optimizes financial performance in the healthcare reimbursement process.
Funding Details
Company: Charta Health
Amount Raised: $8.1M
Funding Round: Seed
Funding Date: February 2025
Lead Investor: Bain Capital Ventures
Additional Investors: SV Angel, South Park Commons, SpringRock Ventures, Refract Ventures, strategic angel investors
Company Website: https://www.chartahealth.com/
Software Category: AI Medical Billing and Coding
Source: https://www.einpresswire.com/article/789250094/charta-health-raises-8-1m-to-automate-chart-review-with-ai