Garner Health Secures $118M in Series D Funding

There is a moment in every broken system where the noise finally gets quiet enough for truth to clear its throat. Healthcare has been loud for decades. More cards, more portals, more opinions, fewer answers. Garner Health did not show up to shout louder. Garner Health showed up to listen to the data everyone else kept stepping over.

This week, Garner Health closed a $118M Series D at a $1.35B valuation. Led by Kleiner Perkins, with Redpoint, Maverick, Kaiser Permanente Ventures, Mercy, Plus Capital, and returning believers in the room, this round reads less like a victory lap and more like a confirmation. Sometimes the market just nods and says, yes, that tracks.

Nick Reber built this after living the failure firsthand. Chronic back pain. 4 surgeries. Conflicting diagnoses. A maze with no map. Before Garner Health, Nick Reber was shaping analytics at Oscar Health and before that, Co-Head of Research Analytics at Bridgewater Associates. Patterns matter when lives are involved. So do incentives. Especially the ones hiding in plain sight.

Garner Health sits on top of existing employer health plans and quietly changes behavior. Employees are guided to Top Providers. Employers remove financial friction. The result is elegant and uncomfortable for the status quo. Employees pay about 80% less out of pocket. Employers see roughly 12% lower total healthcare spend in year 1. No speeches required.

The engine underneath is not marketing. It is scale and math. Over 60B medical records. Claims data covering 320M patients. 5x more data than national carriers. 10x more than navigation vendors. That data powers 550+ quality metrics across more than 82 specialties. The best doctors do not just look better. They perform better, with 75% lower complication and mortality rates.

This does not happen without builders. Michi Kono as CTO, Phil Salinger as Chief Product and Data Officer, Steve Santangelo driving revenue, Bhavya Brundavanam engineering the rails, Alex Mandel shaping the experience. Around 350 people, remote-first, pulling in the same direction. Precision is a team sport.

Garner Health now serves more than 2.5M members across 700+ clients nationwide, growing north of 130% year over year. Not by boiling the ocean. By ranking doctors the way capital ranks decisions. Dispassionately. Relentlessly. Without side deals clouding the lens.