AI that reads referrals, faxes, and documents to automate healthcare front-office work.
HealthTech📍 New York, USAFounded 2021
Current Valuation
$605M
as of 2025-Q3
PRIVATE
Tennr builds AI (its 'RaeLLM') that reads and parses inbound referrals, faxes, and documents to automate front-office healthcare workflows, processing roughly 10M documents per month. Founded in 2021 by Trey Holterman, Diego Baugh, and Tyler Johnson, it raised a $101M Series C in 2025 led by IVP at a $605M valuation, for about $159M total.
Company Profile
CEO
Trey Holterman
Founded
2021
HQ
New York, USA
Total Raised
$159M
Last Round
Series C — $101M (Jul 2025) · Lead: IVP
IPO Status
private
Fundraising Status
Series C · $101M · 1y 1mo ago
privateTotal raised $159M1 disclosed rounds
Series C Impact
Round Size
$101M
Primary financing announced
Post-Money Valuation
$605M
Company-announced mark
Round / Post-Money
16.7%
New capital ÷ post-money
Disclosed Funding
$159M
Cumulative disclosed rounds
Step-up compares disclosed post-money valuations. Round / post-money is a financing-size ratio, not an ownership or dilution estimate.
Secondary Market
Implied price / share
$23.5
Last round price / share
$29.39
vs last round
-20.0%
Open interest
1
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Funding History
Round
Amount
Date
Lead Investor
Post-Money
Series C
$101M
Jul 2025
IVP
$605M
Founders & Key People
Trey HoltermanDiego BaughTyler Johnson
Investors
IVP · Andreessen Horowitz · Lightspeed Venture Partners · GV · ICONIQ · Foundation Capital
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.