Catalyze, Inc., healthcare’s leading HITRUST CSF Certified cloud provider, announced today that it has raised $6.5 million in a Series B fundraising effort. St. Louis-based Lewis & Clark Ventures led the round, with participation of existing investors, Arthur Ventures, Baird Venture Partners and Chicago Ventures. The additional financing will allow Catalyze to accelerate growth with its core healthcare integration and hosting products and services. An expanded focus on sales and marketing will broaden efforts toward enterprise customers, such as hospital systems, pharmaceutical companies and payers.
Catalyze tackled a tough challenge for healthcare development teams by building the first HIPAA compliant infrastructure, called Stratum. During multiple audits of its hosting infrastructure and successful completion of HITRUST CSF Certification, the company solved another challenge for developers with its end-to-end EHR integration product, Redpoint. Through the remainder of this year, Catalyze will solve other real-world problems for the healthcare, as the industry edges closer to value-based care. The challenge will be solved with novel insights through Catalyze, driven by data.
“The need to empower and enable this healthcare transformation by bringing new and innovative technologies to the industry is something our firm values. As a leader in transformation, Catalyze has built practical solutions to drive healthcare interoperability,” said Brian Hopcraft, managing director of Lewis & Clark Ventures, as well as a newly added Catalyze board member. “We are excited to back Catalyze, a company that has built incredible industry trust and put together a team of skilled professionals who have unmatched expertise that is facilitating a more secure, innovative healthcare system.” Read the full release here.