Investor
IQVIA led the round with support from The Group Ventures and existing backers.
While the price range, number of shares and timing of the listing are yet to be announced, a source tells MobiHealthNews that the startup is eyeing September for its IPO.
The new money will be put towards sales, marketing and distribution efforts. It will also be used to help develop the company's product line.
Boston-based interoperability-focused startup 1UP Health took home the $100K grand prize.
The round was led by Santé Ventures, an Austin, Texas-based firm with a focus on healthcare and the life sciences.
Wellington Management Company led the round.
The funding will support the Israeli company's push into US markets.
The White House wants "explainable" systems for healthcare, not black boxes, and wants research into new technologies that are "reliable, dependable, safe, and trustworthy."
The online patient community portal will now be incorporated into UnitedHealth Group's research arm, which is focused on health innovation and improvement.
The New York company's S-1 reveals a recent profitable turn and a quiet 2018 acquisition.