São Paulo-based healthtech startup Arvo has raised $20 million in a Series A funding round led by Kaszek and Base10 Partners, with participation from Canary and K50 Ventures. This investment marks one of the largest early-stage funding rounds in Brazil’s healthtech sector.
Founded in 2022, Arvo leverages artificial intelligence and data integration to streamline healthcare payments. The company’s platform automates billing validation and procedure authorization, enhancing efficiency, transparency, and security in the healthcare payment process.
In the past year, Arvo has processed over R$130 billion in healthcare claims and quadrupled its revenue and client base. Its AI tools have improved auditing and billing productivity by an average of 25% within six months of adoption. These advancements have led to significant cost savings, equivalent to funding 15 million specialized medical consultations or 1.5 million medium-complexity hospitalizations based on Brazil’s national cost averages in 2024. (
Utilizing the Series A Funding
The newly acquired funds will be used to:
- Expand operations across Brazil
- Strengthen healthcare transaction-processing infrastructure
- Launch new AI-powered products
- Hire additional data science and engineering talent
- Explore strategic acquisitions
Arvo aims to cover additional stages of the healthcare payment cycle and solidify its position as a key player in Brazil’s health infrastructure.
This investment underscores the growing confidence in AI-driven solutions to address inefficiencies in Brazil’s healthcare system. With the backing of prominent venture capital firms and a strong client base, Arvo is poised to continue its rapid growth and contribute to the transformation of the healthcare payment ecosystem in Brazil.
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