Configo Health Announces $2 Million Funding Round Led by The Pisgah Fund

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New funding will facilitate growth and opening of new office in Asheville, NC

"Pisgah, and its investors, including HCA Healthcare, share our commitment and passion for change in this historically underserved sector of the market." ⁠—Craig Manson, CEO of Configo Health

Configo Health, a leading provider of analytical benchmarking solutions for pediatric hospitals, today announced a $2 million investment led by the Pisgah Fund and the relocation of its headquarters to Asheville, NC as part of a broader commitment to grow a health analytics hub in Western North Carolina.

Configo, which is currently the country's fastest growing pediatric analytics and benchmarking company, will use the funding to bolster its customer engagement and development functions as it expands to serve its forecast growth of 300% in 2022. Pisgah will join the company's board alongside existing investor, Children’s National Hospital.

“Configo is committed to changing the game for pediatric hospital analytical benchmarking and we are delighted to announce this further validation of our model through today’s investment by the Pisgah Fund and the industry expertise it brings from its manager, Hatteras Venture Partners,” said Craig Manson, CEO of Configo Health. “Pisgah, and its investors, including HCA Healthcare, share our commitment and passion for change in this historically underserved sector of the market.”

“Children’s hospitals have historically lacked the data analytics capabilities available to adult hospitals that can help improve healthcare outcomes for children and Configo is dedicated to changing that,” said Lauren Pierce Flickinger, Fund Manager for the Pisgah Fund. “We are thrilled that Configo has chosen to build out an analytics team in Western North Carolina to serve this unmet need.”

Since its formation in 2019, Configo has grown to serve children’s hospitals across the country who recognize the value of connecting and benchmarking datasets ranging from quality and safety to health equity, surgery and workforce safety culture.

About Configo Health, Inc.
Configo Health Inc. is a healthcare data and analytics company, focused exclusively on pediatrics, that helps children’s hospitals and their teams make better decisions through the use of timely, trusted and actionable insight. Through its Opus benchmarking platform, Configo currently serves the needs of Quality & Safety and Diversity, Equity & Inclusion leadership with its Surgery proposition launching later this year. Configo Health has offices in Washington D.C., New York City and Asheville, NC.

About Pisgah Fund
Pisgah Fund is a $50 million venture fund investing in healthcare-related companies in Western North Carolina’s 18-county region or locating operations in the region. The Fund focuses on high growth opportunities seeking early-stage VC investment that will create jobs in Western North Carolina. The Fund is managed by Hatteras Venture Partners and was created with investments from the Dogwood Health Trust and HCA Healthcare Mission Fund.

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Kristen Poor