Google Ventures Joins $101M Funding Round to Boost Tennr’s AI Referral Tech

New York-based healthtech startup Tennr has secured a whopping $101 million Series C round, boosting its valuation to $605 million. Led by IVP with new investors Google Ventures and Iconiq, this funding accelerates Tennr’s mission to fix the notoriously inefficient US patient referral system.

Founded in 2021 by Diego Baugh, Trey Holterman, and Tyler Johnson, Tennr’s proprietary AI trained on millions of medical documents automates eligibility checks, benefits, payer rules, and document interpretation to streamline referrals.

CEO Trey Holterman emphasizes solving real problems over just touting AI tech: “We focus on solutions, not buzzwords.

” With revenues tripling since its last round, Tennr plans to expand tools for insurance verification and improve transparency for patients and physicians alike. IVP partner Zeya Yang calls Tennr’s narrow focus on referrals a winning formula with huge growth potential.

As healthcare increasingly leans on AI, Tennr is tackling a critical bottleneck making patient referrals faster, smarter, and more seamless.