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Nitra Raises $62 Million To Revolutionize Fintech For The Healthcare Industry

Aug 23, 2022•about 3 years ago

Amount Raised

$62 Million

New YorkHealth CareSoftware

Description

Nitra, a fintech company founded by successful serial entrepreneurs, announced today that it has raised $62 million in equity and debt capital from leading investors including Andreessen Horowitz (a16z), New Enterprise Associates (NEA), Pantera Capital, KB Financial Group, Jerry Yang/AME Cloud Ventures, and Will Smith's Dreamers VC, with CoVenture providing the debt facility. Other participants in this initial round include Primer Sazze Partners, SparkLabs Taipei & Global, Dunamu, Expa, Soma Capital, Slope Capital, K50 Ventures, 8090 Partners, Comma Capital, Gaingels, and Gold House Ventures.

Company Information

Company

Nitra

Location

New York, United States

About

The card comes at no annual fee and is underpinned by sophisticated spend management, business analytics, and reconciliation software that demonstrates the innovative, customer-centric solutions the company is creating for the healthcare industry. Nitra was founded with a mission to bring modern financial products, integrated medical software, and supply chain solutions to practitioners and physicians in the healthcare industry. "The next wave of fintech will be dominated by vertical software companies who deliver customized and differentiated financial products for industries," said Hwang, "Having worked with Jonathan in the early days at FiscalNote as a co-founder, I have confidence that Nitra and its management team are ready to take advantage of this transformation for the $4 trillion healthcare industry in the United States "Headquartered in New York with a presence in San Francisco, Nitra has been on a hiring spree to support the growing healthcare market and is joined by an ambitious and experienced leadership team from Amazon, American Express, Dropbox, Facebook, Citi, Lyft, DoorDash, AvidXchange, and PayPal.

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