CirraGroup, a crowdsourced medical debt settlement solution, has closed a $500,000 Series B equity investment from the Lafayette (La.) General Foundation's Health Innovation Fund.
In announcing the news, Cian Robinson, executive director for the Lafayette General Foundation, said the investment will help CirraGroup expand and commercialize its solution.
Mike Ducote, COO of CirraGroup, agreed.
"The Health Innovation Fund's investment in CirraGroup allows us to continue to improve our platform and encourage patients and providers to jointly resolve financial obligations," he said in a prepared statement.
Lafayette General Foundation's Healthcare Innovation Fund was capitalized through a $1.5 million investment from Lafayette (La.) General Health and $1 million from the Louisiana Seed Capital Program under the Louisiana Economic Development Corp.
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