Tech Company Financing Transactions
Penelope Health Funding Round
Bertelsmann Investments, Seedcamp and Thoreau participated in a $100 million funding round for Penelope Health. This venture round was recorded on 9/18/2026.
Transaction Overview
Company Name
Announced On
9/18/2026
Transaction Type
Debt
Amount
$100,000,000
Round
Undisclosed
Proceeds Purpose
Penelope will use the capital to create new products that bring administrative efficiency to navigating payer requirements.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
1111B S Governors Ave 55643
Dover, DE 19904
USA
Dover, DE 19904
USA
Phone
Undisclosed
Website
Email Address
Overview
Penelope Health tracks the coverage rules U.S. health insurers publish and turns them into structured data that providers and payers can use directly, through an API and through endpoints that AI assistants can query. Penelope gives both sides instant access to the rules governing coverage for the majority of insured Americans, removing administrative burden from both sides of the provider-payer ledger.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sohum Patel
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