Last year, it seemed as though money grew on trees for Nashville’s health care industry, with multiple area startups securing capital raises north of nine figures.
2022, however, has been more like a barren desert.
Of the Middle Tennessee health care capital raises this year, none surpassed $20 million, according to U.S. Security and Exchange Commission filings, and only five startups raised more than $5 million.
That’s a significant decline from 2021, when Nashville's health-tech industry is awash in cash. Franklin-based Relatient Inc.’s $100 million raise, data analytics company Xsolis’ (stylized XSOLIS) $75 million investment and Monogram Health’s $160 million capital raise topped the banner year for health care investment in Middle Tennessee.
Still, area health care companies focused on value-based care and artificial intelligence were able to line their pockets with growth capital in 2022.
To find out who raised the largest rounds of funding in Middle Tennessee’s health care industry this year, click on the slideshow below. The list is based on filings made with the SEC under "other healthcare" and includes raises more than $5 million.
Largest Nashville health care capital raises of 2022
CEO: Christopher Rand
Amount raised: $6 million
CEO: Daniel Stein
Amount raised: $10.99 million
