The capital infusion positions Cylerity to broaden its technology stack and capture a larger share of the growing healthcare payments market, while the sizable debt line underscores lender confidence in its business model.
Madison-based healthcare fintech Cylerity raised $4M in an equity seed round led by HealthX Ventures with participation from C2 Ventures, Upstream Ventures, Wisconsin Investment Partners and Tundra Angels. The company also established a debt facility of up to $24M with First Business Bank to support growth and engineering expansion.
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