Transparent Health Marketplace Closes $30 Million Series C Funding Round Led by ARTIS Ventures
Transparent Health Marketplace, Inc. (THM), a transformative healthcare technology company, today announced it has completed an oversubscribed $30 million Series C Preferred equity funding round led by ARTIS Ventures,
a San Francisco-based health and tech focused venture capital firm. THM operates the first marketplace of its kind to connect payors and providers of healthcare services within an open platform featuring market-driven pricing.
Following a successful launch earlier this year, THM has combined the power of the market with digital innovation to automate complex business processes and accelerate access to care for the healthcare and insurance industries. By integrating data and utilizing intelligent algorithms, THM’s platform is affording all stakeholders entry to a system that is transparent, intuitive, and beneficial.
ARTIS Ventures’ Founder and Managing General Partner Stuart Peterson has assumed a seat on the THM board of directors. “Consumers, payors and providers are all paying the price for the inefficiencies within the current healthcare structure,” said Peterson. “THM is using their tech-enabled marketplace to simplify and streamline how medical services are accessed and delivered, reducing the enormous amount of wasteful spending that is happening today. They are trailblazers in an industry that has previously been slow to transform, and we look forward to partnering with them to bring positive and needed change.”
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