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Health tech startup Freshpaint has raised $30.7 million in a Series B funding round to expand its health data privacy platform. The platform, designed to help healthcare providers, pharmacies, and insurers comply with increasingly complex health data protection laws, has seen significant growth, achieving a tenfold increase in revenue over the past year. Investors in this round include Threshold Ventures and SignalFire. Freshpaint's platform ensures HIPAA compliance for healthcare organizations' websites and marketing stacks, safeguarding sensitive patient data while promoting access to healthcare.
This is likely the fastest growing startup you've never heard of @Freshpaint_app is a privacy platform that makes websites HIPAA compliant Seeing their growth has been nothing short of incredible... they took years to hit $1M in ARR, and then months to go from $1M-$10M in ARR https://t.co/3F3fz76rFS
Sources: Coatue, Alkeon Capital, General Catalyst and others have invested in Figma as part of a deal valuing it at $12.5B; Figma is delivering ARR of $700M+ (Bloomberg) https://t.co/FzlTqDyGgX 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/wOiuZutPyc
.@Freshpaint_app has been an absolutely wild ride since I first invested in 2020 and invested again in their shocking series A (vc pulled a signed term sheet!) Sucks to be that VC; freshpaint grew revenue over 10x in the last year and was one of the fastest growing companies of… https://t.co/4mQQR8L4ii