Axuall Raises $20M in Series B

Axuall, a Cleveland, OH-based clinical workforce intelligence company, raised $20M in Series B funding.

The round was led by Noro-Moseley Partners, with participation from Flare Capital Partners, Intermountain Ventures, University Hospitals Ventures, Hartford HealthCare, (part of the Jackson Healthcare family of companies), Epsilon Health Investors, InHealth Ventures, AV8 Ventures, JumpStart Ventures, and M25 Ventures. In conjunction with the funding, Ryan Collins, Principal at Noro-Moseley Partners, will join Axuall’s board of directors.

Led by Charlie Lougheed, CEO, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to reduce onboarding and enrollment time while providing data insights for network planning, analytics, and reporting.

The company intends to use the funds to grow its product, sales, and marketing teams, develop its data partnerships across its network, which today consists of over 6,800 primary data sources, and to accelerate its API integration into the planning, recruiting, credentialing, enrollment, CRM, and electronic medical record systems.