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
