# Innovaccer funding: rounds and investors

> Innovaccer has raised $327M across 5 rounds since 2015. Investors include 500 Global, M12 and Kaiser Permanente. Every round with its source.

Source: https://millionrounds.com/company/innovaccer (Millionrounds; every figure on the page links to its filing or article)

India · [Series F startup](https://millionrounds.com/companies)

# Who invested in *Innovaccer*

5 rounds we have observed, with the 13 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.

AI Big Data & Analytics Biotech Healthcare

Valuation: $3.5B, Mar 2026

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Funding summary Updated 5 Nov 2026

**$327M** raised across 5 rounds since 2015, from 5 sources

**$16M** Series A **$25M** Series B **$11M** Round **$275M** Series F

- **Latest round:** Series F, $275M Jan 2025
- **Led by:** Kaiser Permanente
- **Step-up i:** 25×
- **Investors:** 13 (1 led)

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.

2015 2017 2019 2021 2023 2025

**?** Seed

**$16M** Series A

**$25M** Series B

**$11M** Round

**$275M** Series F

- **First round:** Seed
- **Biggest round:** $275M
- **Usual gap between rounds:** 21 months

## The rounds

- **Jan 2025** Series F **$275M** *7 new* *2 returning* [Kaiser Permanente](https://millionrounds.com/fund/kaiser-permanente) Lead [500 Global](https://millionrounds.com/fund/500-startups) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [B Capital](https://millionrounds.com/fund/b-capital) [Peak XV](https://millionrounds.com/fund/peak-xv) [M12](https://millionrounds.com/fund/m12) [Banner Health](https://millionrounds.com/fund/banner-health) [Danaher Ventures](https://millionrounds.com/fund/danaher-ventures) [Generation IM](https://millionrounds.com/fund/generation-im) Reported by TechCrunch
- **Jan 2019** Round **$11M** *1 new* [M12](https://millionrounds.com/fund/m12) Reported by TechCrunch
- **May 2018** Series B **$25M** *1 new* Westbridge Capital/ Lightspeed Reported by FinSMEs SEC filing: $16M sold, first sale Feb 2018
- **Aug 2016** Series A **$16M** *1 new* Westbridge Capital Partners Reported by FinSMEs SEC filing: $15M sold, first sale Jun 2016
- **May 2015** Seed **Amount undisclosed** *3 new* [500 Global](https://millionrounds.com/fund/500-startups) [Rajan Anandan](https://millionrounds.com/fund/rajan-anandan) [Phanindra Sama](https://millionrounds.com/fund/phanindra-sama) From a historical funding record

## Founders and team

From Innovaccer's own website: 1 on the team.

- **Cms Access** CMS LEAD and TEAM

## 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.

**Seed** 2015 **Series A** 2016 **Series B** 2018 **Round** 2019 **Series F** 2025 [500 Global](https://millionrounds.com/fund/500-startups) [M12](https://millionrounds.com/fund/m12) [Kaiser Permanente](https://millionrounds.com/fund/kaiser-permanente) L [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [B Capital](https://millionrounds.com/fund/b-capital) [Peak XV](https://millionrounds.com/fund/peak-xv) [Rajan Anandan](https://millionrounds.com/fund/rajan-anandan) [Phanindra Sama](https://millionrounds.com/fund/phanindra-sama) [Banner Health](https://millionrounds.com/fund/banner-health) [Danaher Ventures](https://millionrounds.com/fund/danaher-ventures)

## Everyone who backed them

[500 Global](https://millionrounds.com/fund/500-startups) Angel **2** rounds

[M12](https://millionrounds.com/fund/m12) Corporate VC **2** rounds

[Kaiser Permanente](https://millionrounds.com/fund/kaiser-permanente) VC firm **1** round, led 1

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round

[B Capital](https://millionrounds.com/fund/b-capital) VC firm **1** round

[Peak XV](https://millionrounds.com/fund/peak-xv) VC firm **1** round

[Rajan Anandan](https://millionrounds.com/fund/rajan-anandan) VC firm **1** round

[Phanindra Sama](https://millionrounds.com/fund/phanindra-sama) Angel **1** round

[Banner Health](https://millionrounds.com/fund/banner-health) Investment firm **1** round

[Danaher Ventures](https://millionrounds.com/fund/danaher-ventures) Corporate VC **1** round

[Generation IM](https://millionrounds.com/fund/generation-im) Hedge fund **1** round

Westbridge Capital Partners no record of our own yet **1** round

Westbridge Capital/ Lightspeed no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=innovaccer).

## Also claim to have backed them

These 3 firms list Innovaccer as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Steadview Capital](https://millionrounds.com/fund/steadview-capital) Growth equity Per its own site

[Tracxn labs](https://millionrounds.com/fund/tracxnlabs) Venture studio Per its own site

[Inventus Law](https://millionrounds.com/fund/inventus-law) VC firm Per its own site

## Quick answers about Innovaccer

### Who invested in Innovaccer?

Innovaccer's investors include 500 Global, M12, Kaiser Permanente, Tiger Global Management and B Capital, and 8 more on record. Kaiser Permanente led its latest round.

### How much has Innovaccer raised?

Innovaccer has raised $327M across 5 rounds since 2015. One round did not disclose an amount, so the total is a floor.

### When did Innovaccer last raise?

Innovaccer's most recent round was a Series F of $275M in Jan 2025, led by Kaiser Permanente.

### What was Innovaccer's biggest round?

Its most recent round, $275M in Jan 2025, is also its largest on record.

### Who backed Innovaccer first?

Innovaccer's first round on record, in May 2015, was backed by 500 Global, Rajan Anandan and Phanindra Sama.

### What stage is Innovaccer at?

Innovaccer's latest named round is a Series F, in Jan 2025.

### Where is Innovaccer based?

Innovaccer is based in India.

### Who led Innovaccer's rounds?

Kaiser Permanente led the Series F in 2025.

## Companies like Innovaccer

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

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