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Basalt Health Raises $20 Million Series A Led by NEA, With Frist Cressey Ventures Participation

PUBT·11/09/2026 18:20:52
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Basalt Health Raises $20 Million Series A Led by NEA, With Frist Cressey Ventures Participation
  • Basalt Health raised $20 million in Series A financing led by returning investor NEA.
  • Existing investors Frist Cressey Ventures and 25m Health participated, bringing total capital raised to approximately $24.5 million.
  • Basalt’s AI platform helps care teams evaluate referrals and transition patients to post-acute care.
  • Proceeds will fund expansion into discharge and payer workflows, alongside commercial and engineering team growth.
  • The platform will scale across 111 markets by the end of 2026, covering 62 ScionHealth hospitals and 49 Lifepoint Health markets.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frist Cressey Ventures LLC published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.