Tech Company Financing Transactions
Cofactor AI Funding Round
Cofactor AI closed a $4 million Seed funding round on 11/25/2024. Investors included Drive Capital and private investors.
Transaction Overview
Company Name
Announced On
11/25/2024
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Seed
Investors
Drive Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
Undisclosed
Chicago, IL Undisclosed
USA
Chicago, IL Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
In today's healthcare landscape, insurance denials have become a crushing burden. Medical teams are drowning in paperwork instead of focusing on patient care, while billions in legitimate claims go unpaid. As denial rates surge and administrative complexity grows, hospitals are hemorrhaging revenue they've rightfully earned. We founded Cofactor because we saw a critical problem being ignored: hospitals and healthcare providers spending countless hours fighting denials with outdated tools and manual processes. We believe healthcare providers deserve better than to lose revenue simply because they lack the resources to appeal every denial effectively.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adi Tantravahi
Chief Technical Officer
Juan Lozano
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Where The Data Comes From
We document every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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