Solera Health has raised $18 million to expand its chronic disease-prevention marketplace.
The Phoenix-based company’s online marketplace connects patients, payers, and physicians with community organizations and other digital health solutions.
The firm closed $18.3 million in financing, led by private equity firm Adams Street Partners, to expand into non-medical prevention programs and “alter an antiquated approach to the administration of preventive benefits,” said Adams Street’s Tom Bremner.
Existing investors SJF Ventures, Blue Cross Blue Shield Venture Partners and Sandbox Industries participated in the round.
The new funding brought the firm’s total capital raised to more than $30 million.