Brazilian healthtech Arvo raised $20M in a Series A round led by Kaszek and Base10 Partners, with participation from Canary and K50 Ventures.
Founded in 2022, Arvo builds artificial intelligence and data integration tools to improve efficiency, transparency, and security in healthcare payments. Its platform automates billing validation and procedure authorization using AI and machine learning.
Arvo will use the funds to expand operations, strengthen its transaction-processing infrastructure, launch new products, and hire data science and engineering talent. Arvo also plans to explore strategic acquisitions.
Arvo has processed more than $25B in healthcare claims and grown revenue and client base fourfold in the past year. Its AI tools increase auditing and billing productivity by an average of 25% within six months of adoption.
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