United States · Venture startup

Who invested in Change Healthcare

6 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT Services

Funding summaryUpdated 26 Oct 2026

$48Mraised across 6 rounds since 2007, from 6 sources

$1.0MSeries A$5.5MVenture$9.3MSeries C$15MSeries D$12MVenture$5.0MVenture
Latest round
Venture, $5.0MJul 2014
Biggest round
$15MSeries D · Aug 2013
Investors
10
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2008200920102011201220132014
$1.0MSeries A$5.5MVenture$9.3MSeries C$15MSeries D$12MVenture$5.0MVenture
First round
Series A, $1.0M
Sept 2007
Biggest round
$15M
Series D · Aug 2013
Usual gap between rounds
19 months
the median of 5

The rounds

  1. Jul 2014
    Venture$5.0M

    No investor was named in the report.

    From a historical funding recordSEC filing: $5.0M sold, first sale Jun 2014

  2. Jun 2014
    Venture$12M1 new
    • Marty Felsenthal

    From a historical funding recordSEC filing: $5.0M sold, first sale Jun 2014

  3. Aug 2013
  4. Jan 2012
    Series C$9.3M4 new

    Reported by changehealthcare.comSEC filing: $9.1M sold, first sale Sept 2011

  5. Jun 2010
    Venture$5.5M

    No investor was named in the report.

    From a historical funding record

  6. Sept 2007
    Series A$1.0M1 new

    Reported by company.changehealthcare.com

Founders and team

From the SEC filings it signed: 4 on the team.

  • Christopher ParksExecutive Officeri
  • Doug GhertnerExecutive Officer, Directori
  • Howard McLureExecutive Officer, Directori
  • William SeibelsExecutive Officeri

On the board, as filediAnna HaghgooieDavid JoynerMartin FelsenthalMasashi KiyomineSpence McClellandVic Gatto

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

The exit

ExitBuyerPriceWhen
AcquiredEmdeon$135MNov 2014

From historical deal records. Wrong? Tell us.

Everyone who backed them

Omidyar NetworkFamily office2rounds
Mitsui & CoCorporate VC2rounds
The Blue Venture FundCorporate VC2rounds
Sandbox IndustriesCorporate VC2rounds
Noro-Moseley PartnersGrowth equity1round
Solidus CompanyVC firm1round
West Health Investment FundInvestment firm1round
Global Investment PartnersGrowth equity1round
Marty Felsenthalno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Change Healthcare as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Crimson VenturesVC firmPer its own site

Quick answers about Change Healthcare

Who invested in Change Healthcare?

Change Healthcare's investors include Omidyar Network, Mitsui & Co, The Blue Venture Fund, Sandbox Industries and Noro-Moseley Partners, and 5 more on record.

How much has Change Healthcare raised?

Change Healthcare has raised $48M across 6 rounds since 2007.

When did Change Healthcare last raise?

Change Healthcare's most recent round was a Venture of $5.0M in Jul 2014.

What was Change Healthcare's biggest round?

Change Healthcare's largest round on record is $15M (Series D), in Aug 2013.

Who backed Change Healthcare first?

Change Healthcare's first round on record, in Sept 2007, was backed by Solidus Company.

What stage is Change Healthcare at?

Change Healthcare's latest named round is a Venture, in Jul 2014.

Where is Change Healthcare based?

Change Healthcare is based in the United States.

Companies like Change Healthcare

In the same sector, and raised in the last eighteen months.

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