Garner Health raises $118M at a $1.35B valuation. The doctor quality analytics company's total funding to date is around $200 million. By Jessica Hagen | February 12, 2026 | 12:02 PM Garner Health, which offers analytics to evaluate and rank in-network physicians based on quality and outcomes, received $118 million in Series D funding, bringing its total raise to approximately $200 million and its valuation to $1.35 billion. Kleiner Perkins led the round, with participation from Redpoint, Maverick, Kaiser Permanente Ventures, Mercy, Plus Capital and other existing investors. WHAT IT DOES The company works with employers to help their employees find high-performing in-network doctors using analytics and cost analysis. It also works with health plans to deliver provider rankings, directories, and benefit design based on data. The New York-based company says its medical claims dataset includes more than 60 billion medical records from 320 million patients, which includes data from health plans and hospitals. Garner Health will use the funds to expand and enhance its platform and grow its workforce. "The single most important health decision we make is which individual doctor we see when we need care," Nick Reber, founder and CEO of Garner Health, said in a statement. "Our data shows that the top-performing doctors have 75% lower rates of complications and mortality than their peers. By identifying these providers and creating the financial incentives for patients to see them, we aren't just saving money - we're fundamentally re-engineering the healthcare marketplace to reward quality," he continued. MARKET SNAPSHOT In 2021, the company announced it secured a strategic investment from Optum Ventures, the venture arm of Optum and part of UnitedHealth Group, though the amount of the funding was not disclosed. That same year, Garner Health received $45 million in Series B funding, bringing its raise to $65 million. It also secured $12.5 million in Series A funding in 2021, and a year before raised $4.5 million in a seed round.

Garner Health has raised $118 million in a Series D round led by Kleiner Perkins, reaching a $1.35 billion valuation. The funding brings total capital raised to approximately $200 million, with participation from Redpoint, Maverick, Kaiser Permanente Ventures and other existing investors. The New York-based company uses a dataset covering 320 million patient records to identify high-performing doctors and incentivises patients to use them by covering out-of-pocket costs. Garner's platform shows top-performing doctors have 75% lower complication and mortality rates than peers. The company now serves over 2.5 million members across 700 clients and has grown revenue by more than 130% year-over-year. Employers using Garner see an average 12% reduction in healthcare spending in the first year, whilst employees pay 80% less out-of-pocket when seeing recommended providers.

The AlleyWatch startup daily funding report: 2/10/2026. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/10/2026 featuring funding details for Runway, Garner Health, and much more. This page will be updated throughout the day to reflect any new fundings. Runway - $315M Series E. GENERATIVE AI Runway, a generative AI platform for creating and editing videos, images, and multimedia content using text-to-video and related AI models, has raised $315M in Series E funding led by General Atlantic. Founded by Alejandro Ortiz, Anastasis Germanidis, and Cristobal Barrera in 2018, Runway has now raised a total of $859.5M in reported equity funding. REACH NYC TECH LEADERS AlleyWatch is NYC's leading source of tech and startup news, reaching the city's most active founders, investors, and tech leaders. Advertise today Garner Health - $118M Series D. HEALTHCARE Garner Health, a healthcare benefit platform for finding high-quality in-network doctors, has raised $118M in Series D funding led by Kleiner Perkins. Founded by Nick Reber in 2019, Garner Health has now raised a total of $219.3M in reported equity funding. You are seconds away from signing up for the hottest list in NYC tech! Somethings - $19.2M Series A. MENTAL HEALTH Somethings, a digital peer-mentorship service connecting teenagers with trained Certified Peer Specialist mentors for social and emotional support, has raised $19.2M in Series A funding led by Catalio Capital Management. Founded by Patrick Gilligan in 2022, Somethings has now raised a total of $28.6M in reported equity funding.