Columbia-based healthtech company Vheda Health raised $47 million in its first round of private equity funding.
Founded in 2013, the data platform helps health plans identify high-risk patients early, aiming for faster interventions to improve health outcomes and lower costs.
“It was only fitting that we build the company in the state that has given us and our families so much.”
Shameet Luhar, Vheda Health
The investment comes from Agora, a recently launched health investment firm, in its first portfolio deal. Prior to this round, Vheda expanded by partnering directly with health plans rather than seeking traditional venture capital.
“Choosing the right partner was far more important to us than simply raising capital,” CEO Shameet Luhar wrote in an email to Technical.ly. “We wanted a team that understood healthcare, believed in what we had built, and shared our vision for where Vheda can go next.”
Vheda plans to use the capital to expand beyond its current 18-state footprint. The company will continue to focus on supporting patients with chronic conditions and maternity needs across Medicaid, Medicare and Special Needs Plans, according to Luhar.
Additionally, Vheda plans to pursue a targeted acquisition strategy, though Luhar declined to share specific details.
More than half of Vheda’s 110-person team is based in Maryland. Luhar and his cofounder, Philip Rub, grew up in Howard County and remain committed to growing within the state.
“Our roots are here,” Luhar said, “and it was only fitting that we build the company in the state that has given us and our families so much.”
