What You Should Know
- The Mega-Round: Nitra, an AI-native operating platform for healthcare practices secures $187M in new financing. This includes $72M in new equity (across a $50M Series B and a previously unannounced $22M Series A), $20Min venture debt, and a $95M warehouse facility.
- The Growth Metrics: The company is experiencing explosive traction. In 2025, Nitra grew its annualized revenues by over 740%—jumping from $4M to over $33M—and surpassed $1 billion in annualized processing volume across 700+ clinics.
- The Platform Expansion: Moving beyond basic clinical decision support, Nitra deploys AI agents to handle the unglamorous but critical back-office work. Its platform spans Financial Automation (expense management, bill pay), Commerce and Inventory (procurement agents negotiating with suppliers like McKesson), and Patient Management (voice AI for scheduling and insurance eligibility).
- The Leadership Addition: Dr. Richard Park, founder and former CEO of CityMD (which was eventually acquired by VillageMD for $8.9 billion), has joined Nitra’s Board of Directors to help scale the platform’s operational footprint.
- The 2026 Outlook: Armed with this fresh capital, Nitra projects it will cross $150M in annualized revenue and $4 billion in processing volumes in 2026, quadrupling its headcount to over 200 employees.
How Nitra Just Raised $187M to Automate the Healthcare Back Office
Healthcare is a nearly $5.9 trillion industry in the United States, yet an estimated 25% of spending is devoured by administrative costs. Medical practices are forced to run critical workflows—procurement, payroll, insurance verification, and inventory management—across a fragmented patchwork of legacy software systems that were never designed to speak to one another.
To replace this patchwork, Nitra utilizes a fintech entry point—offering a Visa-powered expense card and expense management tools—to establish a financial beachhead within these practices. Once that financial infrastructure was in place, Nitra rapidly expanded its capabilities. The platform now deploys AI procurement agents that can autonomously handle suppliers, negotiate prices, and monitor inventory end-to-end. Just this month, they launched a Patient Management module featuring voice AI agents capable of handling patient scheduling and complex insurance benefits verification.
“We’re on a mission to serve the people that serve our communities and help doctors save time and money,” said Tim Hwang, CEO of Nitra. “Practices are running critical workflows across disconnected systems that were never designed to work together. Nitra brings those layers together into a single AI-native operating system that helps healthcare practices run their operations more efficiently.”
Explosive Traction
The market demand for this unified approach is undeniable. In 2025, Nitra’s annualized revenues grew by a staggering 740%, rocketing from $4 million to over $33 million in a single year. The platform is now utilized by thousands of doctors across more than 700 clinics, processing over $1 billion in annualized volumes. In a single day in December 2025, Nitra’s infrastructure supported upwards of $9 million in high-stakes, patient-critical biopharma and medical purchases.
To help guide this hyper-growth, Nitra has appointed Dr. Richard Park, the founder and former CEO of CityMD, to its Board of Directors. His operational expertise in scaling urgent care clinics to an eventual $8.9 billion acquisition by VillageMD will be invaluable as Nitra attempts to scale its operating system across thousands of independent practices nationwide.
