The round was led by global private equity and venture capital firm Insight Partners. The fundraising round also saw participation from industry leaders, Maxwell Investment Partners, LLC. Element5 will use the financing to accelerate growth of their world-class product for post-acute care, while strengthening its market foothold through customer expansion and scaling of global operations.

Element5 is simplifying work for post-acute care organizations by offering end to end workflow Automation-as-a-Service. Using Artificial Intelligence (AI) and Robotic Process Automation (RPA), Element5 delivers intelligent automation and analytics that help organizations improve operational efficiency, recognize revenue faster and help their resources focus on better patient outcomes.