Health Care

Healthcare professional data startup H1 reels in $100 million in funding

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H1 Inc., a startup that pitches itself as a social network and database for healthcare professionals, raised $100 million in new financing, according to a company blog post on Tuesday.

Altimeter Capital led the Series C funding round, with additional investments from Goldman Sachs Asset Management and Flex Capital. H1 plans to use the new money to grow its existing business and expand into new markets, having primarily focused on helping life sciences companies connect with doctors for clinical trials to this point.

“We now have 100+ clients, users across 84 countries, revenue growth of over 250% in 2021 thus far, and 400 global employees at H1,” the blog post said.

H1 has created about 10 million profiles of healthcare providers to date and hopes a variety of companies and other users will use them to identify prominent doctors for clinical trials or sales leads, keep provider directories up-to-date, recruit staff and more.

“We imagine a world where access to the right information about doctors is as easy as finding the best restaurant in your city. We imagine this changing the way life science companies, insurance companies, hospitals, governments, doctors and patients find the right healthcare professional to work with,” the blog post said.

H1 has raised about $171 million since leaving startup accelerator Y Combinator in March 2020. The company closed a $12.9 million Series A funding round in April of last year, followed by another $58 million in new venture capital last December.

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