Arya Health completes $18.2mn Series A round

ACME Capital has led the USD 18.2mn Series A round of funding for Arya Health, an AI company that is helping home health and post-acute care providers to automate scheduling compliance and other administrative operations. Other investors were Ridge Ventures, Twelve Below, leading post-acute care providers and executives from OPENAI.

With the new funding, the company will expand its product suite across administrative functions and hire more staff to keep up with market demand as its revenue has grown more than 6x this year and is on track for 10x year-over-year growth by the year’s end.

The company is responding to key issues. On one hand, factors such as regulatory changes, wage pressure and a shortage of caregivers are putting pressure on the industry while, on the other, private equity investment and consolidation require operational excellence beyond the traditional approach of hiring more staff members.

Arya Health has so far raised USD 25mn.