Insurance Tech Startup Carrum Health Raises $7 Million

Carrum Health announced it has raised $7 million in seed financing. Three investors participated in the round: Wildcat Venture Partners, SJF Ventures, and SpringRock Ventures.

Carrum Health was founded in 2014 with a mission to bring common sense to healthcare through a model that aims to be mutually beneficial for providers, employers, and their employees. Carrum’s solution connects thoughtful and progressive self-insured employers with regional “Center of Excellence” providers under bundled payment arrangements.

In its announcement, the company said Carrum Health will use the funding to improve and expand its platform by offering additional acute care bundles in orthopedic, spine, and cardiac medicine and adding key service lines such as bariatrics and maternity.