PlayGround Raises $19.7M in Series A Funding

PlayGround, a Gilbert, AZ-based provider of a healthcare fintech payments platform, raised $19.7M in Series A funding.

The round was led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures. 

The company intends to use the funds to bolster its expansion into hospitals and health systems, building on its entry in the ambulatory market, as well as grow its senior leadership team.

Led by CEO Drew Mercer, PayGround provides a healthcare payments platform that streamlines the payment experience for providers and patients. The mobile app enables patients to manage, track and pay all medical bills in one secure place. For medical providers, the modernized payment platform reduces costs, simplifies processes and boosts patient and employer satisfaction.