Element5 Raises $15M Series A

Element5, an Automation as a Service solution leveraging AI and RPA for post-acute care, today closed its Series A round of funding led by global private equity and venture capital firm Insight Partners. The fundraising round also saw participation from industry leaders, Maxwell Investment Partners. Element5 will use the financing to accelerate growth of their post-acute care solution, while strengthening its market foothold through customer expansion and scaling of global operations. Read more.

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The round was led by Boston-based RA Capital Management with participation from existing investors Floating Point, also of Boston, and New York-based Courtside Ventures. Another new investor was Century City-based Time BioVentures.