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Somatus Raises $11 Million in Series B Financing

Somatus Raises $11 Million in Series B Financing
Credit: somatus.com

Somatus, a care delivery and management company delivering kidney care solutions to health system and payer customers, secured $11 million in Series B funding led by Flare Capital Partners and joined by BlueCross BlueShield Venture Partners, Inova Health System, and a new innovation firm founded by Andy Slavitt.

Founded in 2016, Somatus is designed to address the needs of the 30 million individuals in the U.S. living with chronic and end-stage kidney disease by providing longitudinal dialysis and care management services. The company designs population health strategies focused on mobilizing disparate community-based care teams, prioritizing lower cost home-based therapies, and managing total cost of care for kidney care populations.

With this additional funding, Somatus will extend the capabilities of its technology and service platform, as well as fund market expansion.