Tennr Raises $101M to Transform Care Referrals
Slice of Healthcare Team
06/23/2025
Key highlights
- $101M Series C funding led by IVP, with backing from a16z, Lightspeed, GV, ICONIQ, and others
- Tennr Network launched to give real-time referral visibility to providers and patients
- More than tripled revenue since Series B just two quarters ago
- Uses RaeLM, a specialized language model for medical documentation processing
- Eliminates manual workflows, cuts denials, and boosts patient conversions
Source: PR Newswire
Notable Quotes
“ Patients really shouldn't vanish into a work queue... we're creating visibility for the patient flow without changing how people work. ”
Trey Holterman, Co-founder & CEO at Tennr
“ Tennr has revolutionized our fax-to-intake workflow... redefining operational agility in our revenue cycle. ”
Ty Barnett, CIO at Norco Inc
“ Tennr is the first company that works the way healthcare already does... because it works with the system, not against it. ”
Zeya Yang, Partner at IVP
Why This Matters
Tennr’s $101 million Series C funding underscores a critical pivot in healthcare operations—automating and modernizing the referral process, one of the industry's most outdated and error-prone workflows. With millions of patients requiring specialty care annually, Tennr’s orchestration platform and language model RaeLM aim to dramatically reduce inefficiencies, denials, and delays while improving the patient experience. This development could set a new standard in operational infrastructure for referral-based care systems, bringing healthcare closer to the seamless user experience seen in other consumer industries.
