Tendo Systems: Raises $50M in Series B Funding

Tendo Systems Raises $50M in Series B Funding

• Tendo Systems, a Philadelphia PA-based provider of healthcare management software, raised $50M in Series B funding
• The round, which brought Tendo’s valuation to $550m, was led by Lux Capital, with participation from General Catalyst
• The company, which has raised $69m to date, intends to use the funds to accelerate its plans to expand its software, connecting patients, clinicians, and caregivers throughout the care journey
• Started by siblings Dan and Jen Goldsmith, the company provides a digital engagement platform and suite of applications that connect patients, clinicians, and caregivers throughout the care cycle
• The company’s first foundational customer is Jefferson Health