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Trek Health raised $11M in Series A funding led by Madrona. The funds will be used to expand operations and development efforts.

May 02, 20253 months ago

Amount Raised

$11 Million

Round Type

series a

San MateoHealth Care

Investors

Founder CollectiveSnr VenturesAccrete Health PartnersLife X VenturesCorrelation VenturesMadrona

Description

Trek Health, based in San Mateo, CA, is a payment and insurance workflow automation platform for mental health providers. The round of $11M was led by Madrona with participation from several other investors. The company plans to use the funds to enhance its operations and development. Trek Health provides AI-powered solutions to help healthcare organizations with payer contract negotiations.

Company Information

Company

Trek Health

Location

San Mateo, California, United States

About

Trek Health is delivering a frictionless financial experience between mental health providers, patients and payers. The company eliminates administrative burdens required for financial transactions to ensure providers are able to maximize their time with patients. By leveraging artificial intelligence to automate claims processing, Trek Health is synchronizing providers and payers to ensure the highest quality of mental health care is delivered nationwide.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech