Cylerity Raises $4M Seed Round Led by HealthX Ventures

Why It Matters

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.

Deal Summary

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.