Candid Health at a glance
As of- Founded
- 2019[3]
- [1] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), July 22, 2026
- [2] Lead investors: Fortune, July 22, 2026
- [3] Founded: techcrunch.com (retrieved October 15, 2026)
What Candid Health does
Candid Health describes itself as an AI-first revenue cycle management (RCM) platform built for enterprise healthcare providers.[1] Candid's platform unifies clinical, billing and provider data into a single model, and a configurable rules engine and AI agents handle billing work that teams used to do manually.[1] Candid Health was founded in 2019, as reported by Fierce Healthcare, and lists San Francisco as its headquarters.[2],[3] Co-founders Nick Perry, the CEO, and Doug Proctor worked together at Palantir for five years, as reported by Fierce Healthcare.[4],[2]
Business model and customers
Candid Health says it is the financial system of record and core RCM platform for hundreds of U.S. healthcare providers across dozens of medical specialties.[1] In July 2026, Candid said its platform was used by more than 200 healthcare organizations and processed about $7 billion in claim volume a year, as reported by Fierce Healthcare.[2] On its company timeline, Candid Health lists 190% year-over-year growth in annual contracted run-rate revenue for 2026 and 180% year-over-year net dollar retention in 2025.[3] In 2025, Candid passed 650,000 in monthly claim volume and grew its team to more than 130 employees, according to the company.[3]
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Recent changes
- Jul 22, 2026Jul 22, 2026Raised $120M Series D Fortune
- Jul 22, 2026Jul 22, 2026New investor: Sixth Street Fortune
- Jul 22, 2026Jul 22, 2026New investor: Y Combinator Fortune
- Jul 22, 2026Jul 22, 2026New investor: 8VC Fortune
- Jul 22, 2026Jul 22, 2026Candid Health Raises $120M to Fix Medical Billing Pulse story
Funding history
1 equity event · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Jul 22, 2026 | Series D | $120M | — | Sixth Streetunverified | FortunePulse story |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
How Candid Health has been funded
Candid Health joined Y Combinator in 2020 and raised a seed round that year, then raised a Series A led by First Round Capital in 2022, according to its company timeline.[3] Candid raised a $29 million Series B led by 8VC in 2024 and a $52.5 million Series C led by Oak HC/FT in February 2025.[3],[1] On July 22, 2026, Candid Health raised a $120 million Series D led by Sixth Street Growth, with participation from Oak HC/FT, 8VC and Y Combinator.[4],[1] Candid says the Series D marks a 3X increase in valuation over its February 2025 Series C; the release gives no dollar valuation.[1] Candid plans to use the Series D capital to grow its team, invest in automation and tooling for core RCM workflows, and develop agentic RCM solutions, as reported by Fierce Healthcare.[2] Fierce Healthcare reported in July 2026 that Candid Health has raised more than $219 million to date.[2]
Investors and their roles
- Sixth Street Growth (led the Series D, Jul 2026)[4]
- Oak HC/FT (led the Series C, Feb 2025; participated in the Series D, Jul 2026)[1]
- 8VC (led the $29M Series B, 2024; participated in the Series D, Jul 2026)[3],[1]
- Y Combinator (2020 batch; participated in the Series D, Jul 2026)[3],[1]
- First Round Capital (led the Series A, 2022)[3]
Investors
Latest Pulse
Coverage Timeline
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Related Companies
Shared investors
Candid Health FAQ
How much has Candid Health raised?
Candid Health has raised more than $219 million to date, as reported by Fierce Healthcare in July 2026, including a $120 million Series D led by Sixth Street Growth.[2],[4]
Who invested in Candid Health?
Sixth Street Growth led Candid Health's July 2026 Series D, with participation from Oak HC/FT, 8VC and Y Combinator; First Round Capital led its 2022 Series A.[4],[1],[3]
Who founded Candid Health?
Nick Perry and Doug Proctor co-founded Candid Health, which Fierce Healthcare reports was founded in 2019.[4],[2]
Who is the CEO of Candid Health?
Nick Perry is co-founder and CEO of Candid Health, as reported by Fortune in July 2026.[4]
Where is Candid Health based?
Candid Health lists San Francisco as its headquarters.[3]
What is Candid Health's valuation?
Candid says its July 2026 Series D marked a 3X increase in valuation over its February 2025 Series C; no dollar figure was given.[1]
When was Candid Health founded?
Candid Health was founded in 2019, according to techcrunch.com.
References
researched 2026-10-19Sources & methodologyshow
Where these figures come from
- Fortunemajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.