Patient communication platform Luma Health raises $ 130 million

Patient communication and scheduling activities Luma Health has raised $ 130 million in a Series C funding round led by FTV Capital.

Luma said the new round of funding brings its total increase to $ 160 million. The company had previously raised one $ 16 million Series B in 2019 and $ 6.3 million in Series A funding in 2018.

WHAT IT DOES

Luma’s platform handles text-based scheduling, referrals, appointment reminders, admissions, telecommuting, and other communication needs for patient providers. The company said it also integrates with more than 80 electronic health records.

WHAT IS IT FOR

Luma said it will use the capital injection to invest in its platform as digital healthcare needs continue to evolve.

“In the close community of corporate health care, the word about Luma Health has come out,” Adnan Iqbal, Luma Health’s co-founder and CEO, said in a statement. “With this investment, we will continue to meet the demands of leading healthcare providers across the country and live up to our promise to our customers: to help transform the complexity of healthcare into practical, hassle-free experiences for their patients.”

MARKET SNAPSHOT

Luma was founded in 2015 and published one two-way communication chatbot, called Care Pathway Messaging, in 2018.

Another company in patient and clinical communication is Vocera, as recently partnered with Amazon to build an Alexa skill that focuses on helping patients and caregivers stay in touch with their care teams. In 2020, it acquired another patient messaging company EASE Applications.

Weave Communications, which also handles consumer communications outside of healthcare, debuted on the New York Stock Exchange earlier this month. By 2019, it had raised $ 70 million in Series D funding, pushing it near unicorn status.

Other players in the room include PerfectServe, Medici and Klara.

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