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Verata Health (Now Part of Olive)
Verata Health removes barriers so patients get the right care at the right time. A physician-led company trusted by providers, health systems, and payers across the country, Verata’s AI-powered…
Verata Health (Now Part of Olive)
Verata Health removes barriers so patients get the right care at the right time. A physician-led company trusted by providers, health systems, and payers across the country, Verata’s AI-powered…
TL;DR
Business: AI-driven prior authorization automation for providers, payers, and patients
Status: Acquired by Olive (reported Dec 2020)
Founding year: 2017
Known investors: Bessemer Venture Partners; BlueCross BlueShield Venture Partners (Blue Venture Fund); 3M; LRVHealth
Company Overview
Problem Domain
Administrative burden and inefficiency in prior authorization and patient access within healthcare.
Founded
2017
Industry
Healthcare technology
Funding Track Record
Series A reported on Mar 30, 2019; investor list associated with the round includes Bessemer Venture Partners, BlueCross BlueShield Venture Partners (Blue Venture Fund), 3M, and LRVHealth
Reported ~$120,000,000
Acquired by Olive (reported Dec 2020 with an enterprise value reported around $120M)
Investor Signal
“Bessemer Venture Partners; BlueCross BlueShield Venture Partners (Blue Venture Fund); 3M; LRVHealth”
Founders
What we do
Join the Team
Startup jobs. A lot of them.
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