Rivet: Raises $20.5M in Series B Funding

Rivet Raises $20.5M in Series B Funding

• Rivet, a Salt Lake City, UT-based provider of a healthcare billing platform, raised $20.5M in Series B funding
• The round was led by Catalyst Investors with participation from Ankona Capital and existing investors Menlo Ventures, Pelion Venture Partners and Lux Capital
• Tyler Newton, Partner with Catalyst Investors, will join company’s Board of Directors
• The company intends to use the funds to accelerate growth and expand operations
• The company provides a revenue cycle operating platform dedicated to improve the healthcare billing process, from payer to provider to patient
• The company currently operates largely in outpatient facilities, but it aims to elevate the healthcare billing experience across all settings, regardless of size or specialty