Sunbound Raises $24M in Series A Funding Led by TTV Capital

Sunbound, a Washington, DC-based provider of an AI-powered revenue operating system for senior living, has raised $24 million in a Series A funding round, bringing total funding to $36 million.

The round was led by TTV Capital, with participation from Bling Capital, Fika Ventures, Live Oak Bank, and Ziegler Linkage Fund.

The company will use the funding to support business growth and product development. Sunbound has also acquired Richter Healthcare Consultants to expand its revenue management services.

What is Sunbound?

Sunbound provides an AI-powered platform that helps senior living operators manage their financial operations. Its software brings together admissions, private payments, revenue cycle management, and working capital management.

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The platform combines automation with support from revenue management experts to help operators manage billing, collect payments, and improve cash flow.

Sunbound's acquisition of Richter Healthcare Consultants expands its services to include expertise in revenue cycle management, accounting, Medicaid eligibility, reimbursement, and clinical and financial consulting.

How Much Funding Has Sunbound Raised?

Sunbound has raised $24 million in its latest Series A funding round, bringing its total funding to $36 million.

The source does not provide details about previous funding rounds or their dates.

Who Invested in Sunbound’s Series A Round?

The $24 million Series A round was led by TTV Capital.

Other participating investors include:

• Bling Capital
• Fika Ventures
• Live Oak Bank
• Ziegler Linkage Fund

Why the Funding Matters

Sunbound will use the new capital to accelerate business growth and product development.

The acquisition of Richter Healthcare Consultants will also help the company expand its expertise in revenue management and serve more healthcare operators, including those in skilled nursing.

Who founded Sunbound?

Sunbound was founded by Manny Cominsky and is based in Washington, DC.

The company combines AI-powered financial software with a team of revenue experts to help senior living and other post-acute care operators manage payments and financial operations.

"Our clients trust us with their most critical work, and that trust has always come from our team's deep expertise in this industry," said Jennifer Richter, CPA, Founder and CEO of Richter. "Partnering with Sunbound puts modern technology behind everything that our team already does well.

"Healthcare finance is incredibly complex, and most senior living and skilled nursing operators lack modern financial technology," said Neil Kapur, Partner at TTV Capital. "Sunbound's AI-powered revenue operating system brings structure and predictability to an industry that has long needed it, and the companys rapid growth signals strong product-market fit.

Market and Business Growth

Sunbound has expanded its services through the acquisition of Richter Healthcare Consultants, which has worked with post-acute and senior living operators for more than 25 years.

The combined business is on track to process $3 billion in annualized payment volume.

Sunbound reports a 99% net collection rate on claims and an on-time resident payment rate of more than 95% among operators using its platform.

What Happens Next?

Sunbound plans to accelerate product development and business growth while expanding its services into skilled nursing and other post-acute care segments.

By combining its software with Richter's experience, the company aims to help healthcare operators manage billing, reimbursement, and cash flow more efficiently.

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