Helia Care raises $3 million in funding to commercialize its AI-enabled procurement platform that connects health systems with medical device manufacturers and supplies.
Investors
The latest investment round was co-led by In Revenue Capital and Habanero Ventures.
Funding To Date
Based in Scottsdale, Arizona, Helia Care has now raised approximately $5 million in funding to date, according to the latest funding data compiled by Healthitmedia.com (Health IT Media).
2026 Business Expansion Plans
With fresh funds, Helia Care will specifically focus on accelerating the adoption of its AI-enabled solutions that are already used by 100+ hospitals across the U.S., including a recent system-wide rollout with Lifepoint Health.
2026 Digital Health Funding
Digital health companies have secured more than $170 billion in venture capital funding to date, according to the latest funding data compiled by Digital Health Funding. More recently, Garner Health raised $118 million in a Series D funding round to scale up its digital health platform that helps patients find the best healthcare providers using better data and smarter financial incentives.
About Helia Care
Helia Care offers an AI-enabled procurement platform initially deployed for bill-only transactions.
Unlike traditional bill-only management approaches that rely on services offerings or business process outsourcing, Helia delivers this capability through software and a true two-sided network. This allows hospitals and major suppliers to operate on a shared platform built specifically for high-cost, time-sensitive medical device procurement, introducing a new model for managing one of the most complex segments of healthcare purchasing.
Investor Quote
Justin Gray, the co-founder and managing partner of In Revenue Capital, said: “For us, this investment was driven by more than growth; it was driven by results.”
“Helia saves hospitals an average of $1.85 million per location, turning its strategic vision into clear, measurable savings. The company has spent years building a true two-sided network that includes the world’s leading medical device suppliers. With the supplier ecosystem now in place, health systems and suppliers are seeing immediate value and expanding adoption across their organizations. The business fundamentals are very strong,” added Justin Gray.