The funding will help PicnicHealth expand its portfolio of real-world data cohorts. Here are the top-line bullets you need to know.
PicnicHealth, a medical record digitization startup, has raised $60M in a Series C. The round drew participation from B Capital Group, Felicis, and Amplify Partners.
How’s the company performing?
- California-based PicnicHealth partners directly with patients to build and manage real-world datasets from medical records, by leveraging a combination of machine learning and human curation.
- The company partners with several global life sciences and biopharmaceutical companies, such as Roche and Komodo Health, who use these datasets to conduct clinical trials.
- PicnicHealth has offices in San Francisco and Oakland.
Why does the market matter?
- The real-world evidence solutions market is expected to reach a value of $78.8B by 2030, growing at a CAGR of 8.1%, according to Grand View Research.
- Rising support from regulatory bodies as well as the shift from volume- to value-based care are driving growth in this market.