Nuvolo announced it raised new funding to expand its rapidly growing workplace management platform.
“Nuvolo is committed to growing its leadership position in the healthcare market,” said Tom Stanford, CEO of Nuvolo, in a statement. “We are privileged to have KP [Kaiser Permanente] Ventures lead our Series B financing. As the venture capital arm for Kaiser Permanente, one of America’s leading healthcare systems, they offer tremendous value and insight into this vertical market.”
In addition to KP Ventures, NEA, ServiceNow Ventures and GE Ventures also contributed to the $12 million it raised in this round.
The startup specializes in modern, cloud-based facilities and integrated workplace management systems. I transforms full life-cycle service management for asset and facilities-intensive industries, including biotech, healthcare, fintech, retail, energy and manufacturing.
The independent software vendor, built on the ServiceNow platform, is based in Paramus, NJ.