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§ Private Profile · 365 E. Germann Rd. Suite 280, Gilbert, AZ 85297
PayGround is a technology company.
PayGround offers a platform streamlining healthcare payments for patients and providers. Its digital application allows users to manage, track, and pay all medical bills from various providers via a single, secure interface. This centralizes fragmented billing, significantly reducing patient stress and improving financial operations for healthcare entities.
Co-founded by Drew Mercer and Jared Totolo, PayGround emerged from Mercer’s personal experience with healthcare billing complexities. His 2018 cancer diagnosis highlighted the burden of managing numerous medical bills, inspiring a simpler solution. Leveraging his health tech background, Mercer recognized the critical need for a patient-centric payment approach.
PayGround serves diverse healthcare consumers and organizations: patients, physician practices, EMS, home health, and hospitals. The company envisions a transparent, manageable financial ecosystem. This enables patients to focus on well-being, not convoluted payment procedures, continually innovating medical payment handling.
PayGround has raised $29.5M across 3 funding rounds.
PayGround has raised $29.5M in total across 3 funding rounds.
PayGround is a healthcare fintech company that builds a digital-first payments platform and mobile wallet to let patients view, manage, and pay medical bills from multiple providers while giving providers a unified, modern payment and collections channel[2][5].
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
If you’d like, I can: provide a short investor‑style one‑page, map PayGround’s direct competitors with feature comparisons, or pull recent funding, customer wins, and leadership bios into a timeline.
PayGround has raised $29.5M across 3 funding rounds. Most recently, it raised $20.0M Series A in November 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2023 | $20M Series A | SixThirty | GSR Ventures, HC9 Ventures, IA Capital Group, Playground Global, Rally Ventures, Webb Investment Network, Daren Cotter, Netalie Nadivi, Plug And Play Ventures | Announced |
| Jul 28, 2022 | $5.5M Venture Round | Helen Ciesielski | Triventures | Announced |
| Mar 1, 2021 | $4M Seed | Triventures | Cofounders Capital, HC9 Ventures, IA Capital Group, Providence Ventures, Rally Ventures, SixThirty, Netalie Nadivi | Announced |
PayGround has raised $29.5M in total across 3 funding rounds.
PayGround's investors include SixThirty, GSR Ventures, HC9 Ventures, IA Capital Group, Playground Global, Rally Ventures, Webb Investment Network, Daren Cotter, Netalie Nadivi, Plug and Play Ventures, Helen Ciesielski, Triventures.