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Healthcare & Life Sciences Private Equity Deal Tracker: Parachute Health Secures $9.5 Million in Funding

Posted in Healthcare Services Investing

Parachute Health has announced it has secured $9.5 million in new funding.

The funding round was led by Harley Miller and Dan Ahrens of Insight Venture Partners and includes investments from GNYHA Ventures, the business arm of the Greater New York Hospital Association, and Anthony Welters, formerly of UnitedHealth Group.

Parachute Health, based in New York, is a healthcare technology platform designed to assist with the ordering of medical equipment and services for patients following discharge from a hospital.

The company indicated that the money from the funding round will be used to expand its ePrescribing platform into key U.S. markets.

Parachute previously announced in March that it had raised $5.5 million from investors including Loeb Holding Corp.

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