Pearl Health
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Investors
Founders
About
Pearl Health is a New York-based healthcare technology company that helps primary care providers manage risk and deliver value-based care to Medicare patients 12. The company’s platform combines AI-driven clinical intelligence with population health tools to support providers participating in Medicare risk-based programs, and reports it manages approximately $3.6 billion in annualized medical spend for 250,000+ Medicare beneficiaries 1. Pearl was co-founded in 2020 by Michael Kopko, Ankit Patel, Jeff De Flavio, and Kevin Ryan 2.
On 2026-07-08, Pearl Health announced a $110 million capital raise consisting of $50 million in Series C equity and a $60 million debt facility 123. The equity round was led by Andreessen Horowitz with participation from Viking Global Investors, AlleyCorp, and Ulysses Capital; Trinity Capital provided the debt facility 123. The company said it will use the capital to expand its AI platform, accelerate enterprise health system and payer partnerships, expand into Medicare Advantage, and launch new risk offerings 13.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2023-01 | Series B | $75M | Andreessen Horowitz | AlleyCorp, Viking Global Investors 4 |
| 2026-07-08 | Series C | $50M (equity) | Andreessen Horowitz | Viking Global Investors, AlleyCorp, Ulysses Capital 123 |
| 2026-07-08 | Debt facility | $60M | Trinity Capital | — 123 |
What Investors Say
“Pearl has demonstrated that managing risk across large patient populations across many different settings of care can improve patient outcomes, generate meaningful savings, and support a sustainable business model at scale.” — Vineeta Agarwala, General Partner, Andreessen Horowitz Bio + Health 1
What Founders Say
No independently sourced founder quotes from the 2026-07-08 announcement found beyond corporate-attribution boilerplate.
Sources
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“Pearl Health Raises $110 Million to Expand Its AI Platform Helping Providers Deliver Better Outcomes at Lower Cost for Medicare Patients,” PR Newswire, July 8, 2026. Accessed July 2026. http://www.prnewswire.com/news-releases/pearl-health-raises-110-million-to-expand-its-ai-platform-helping-providers-deliver-better-outcomes-at-lower-cost-for-medicare-patients-302820795.html↩↩↩↩↩↩↩↩
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“The AlleyWatch Startup Daily Funding Report: 7/8/2026,” AlleyWatch, July 8, 2026. Accessed July 2026. https://alleywatch.com/2026/07/the-alleywatch-startup-daily-funding-report-7-8-2026/↩↩↩↩↩↩
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“Pearl Health Raises $110 Million,” Cooley, July 8, 2026. Accessed July 2026. https://www.cooley.com/news/coverage/2026/2026-07-08-pearl-health-raises-$110-million↩↩↩↩↩
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“Pearl Health raises $75M Series B led by a16z to accelerate growth and innovation in value-based care,” PR Newswire, January 2023. Accessed July 2026. https://www.prnewswire.com/news-releases/pearl-health-raises-75m-series-b-led-by-a16z-to-accelerate-growth-and-innovation-in-value-based-care-301730586.html↩