Tech Company Financing Transactions
Proximity Funding Round
Proximity, based in Chicago, secured $3 million in investment from LRVHealth and Commonweal Ventures.
Transaction Overview
Company Name
Announced On
2/21/2025
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
LRVHealth (Lead Investor) (Josh Flum)
Proceeds Purpose
The company intends to use the funds to accelerate development of its technology that has already been proven with pilot customers to improve 340B program values by an average of 20%.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
222 S Riverside Plaza, 15th Floor
Chicago, IL 60606
USA
Chicago, IL 60606
USA
Phone
Website
Email Address
Not Recorded
Overview
Proximity maximizes hard-to-find 340B revenue by centralizing your EHR, TPA, and Wholesaler data to a single intelligent platform, uncovering significant, often overlooked 340B revenue -- in days, not weeks. Proximity combines a data-first approach, modern technology, and expert 340B guidance to safeguard against manufacturer threats and compliance concerns, while also uncovering hard-to-find revenue opportunities within your 340B Program.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Scott Johnsen
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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