Helia Care, a Scottsdale, AZ-based provider of a cloud-based SaaS platform designed to optimize healthcare supply chain and billing, has raised $3 million in funding, led by Revenue Capital and Habanero Ventures.
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The company plans to use the money to grow its business and improve its products.
At Revenue Capital, the first hands-on venture capital firm, Helia is an AI-powered purchasing platform that was first used for “bill-only” transactions. These occur when hospitals must quickly order expensive medical devices and supplies during surgery or treatment, rather than using items already in stock. Industry reports show that 50% of hospital supply spending comes from bill-only purchases, which also account for 60% of patient revenue, underscoring the importance of this process, even though it is often manual and prone to errors.
Helia’s platform connects clinical orders with approved supplier contracts, helping reduce mistakes, unauthorized purchases, and pricing errors that can lead to fraud and waste. Because the software is built directly into hospital systems, it starts saving money right away. It continues to do so over time, making it easy to expand and use in more hospitals.
Revenue Capital chose to invest because it supports companies that show strong execution and efficient operations, especially at a time when the value of many AI companies is unclear. After building solid technology, proving it works in hospital settings, and expanding from early use to systemwide adoption, Helia fits the kind of proven, high-value company the firm likes to back, combining funding with hands-on support to help it grow.
Unlike traditional bill-only management methods that depend on service providers or outsourcing, Helia offers this solution through software and a shared network. This lets hospitals and major suppliers work together on a single platform designed for buying expensive, time-sensitive medical devices, creating a new, simpler way to manage one of the most complex parts of healthcare purchasing.
“This investment was about real results, not just growth,” said Justin Gray, co-founder and managing partner of In Revenue Capital. “Helia saves hospitals about $1.85 million per location, turning its vision into clear and measurable savings. The company has spent years building a strong network that includes some of the world’s top medical device suppliers. Now that this supplier network is in place, hospitals and suppliers are seeing immediate benefits and expanding their use across their organizations. The company’s core business is very strong.”
“The hardest part of building a real healthcare network is gaining trust from everyone involved,” said Grant Siders, founder and CEO of Helia Care. “By connecting clinical workflows with approved supplier contracts, we’ve built a platform where hospitals, suppliers, and distributors all benefit, making growth happen naturally as the platform continues to deliver value.”
“What impressed us is that Helia is not just fixing a technical issue; it is solving a daily operational challenge for hospitals and suppliers,” said Craig Coppola, founder, and manager of Habanero Ventures. “The team has built strong supplier partnerships, proven that real health systems are using the platform, and shown clear cost savings. That’s exactly what you need to see before expanding in a complex market like this.”
About Helia Care
Founded by CEO Grant Siders, Helia Care offers a platform that connects clinical orders with approved supplier contracts, helping reduce mistakes, unauthorized purchases and pricing errors that can lead to fraud and waste.
About In Revenue Capital
Founded in 2023, In Revenue Capital is built on the belief that strong go to market execution is one of the last real advantages for startups. The firm works with leading venture capital companies to co-invest in top early-stage B2B Vertical SaaS startups. In addition to funding, it provides hands-on go-to-market support through its “Operator Immersive” approach. This practical support helps portfolio companies grow faster and compete more effectively, while helping partner VCs and investors reduce risk.
About Habanero Ventures
Founded in 1998 by R. Craig Coppola, Habanero Ventures invests in people and companies as an angel investor. The firm supports startups and entrepreneurs in building successful, high-quality businesses. It provides funding, advice, experience, and resources to help companies grow and succeed. For more information, contact Craig Coppola directly.
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