Nitra Raises $187 Million In Series A And B Funding Led By Simu Liu's Markham Valley Ventures

Nitra announced a $187M financing round across its Series A and Series B rounds, along with venture debt, bringing the total raised to $205M. The transaction involves significant backing from investors, including Simu Liu's Markham Valley Ventures.

Summary of transaction details:

• Deal Type: Series A & Series B
• Transaction Amount: $187,000,000
• Total Raised: $205,000,000
• Company: Nitra
• Founders: Tim Hwang and Jonathan Chen
• Headquarters: New York
• Notable Investors: Actions Capital, AppWorks, Avenue Capital Group, Comma Capital, Dunamu & Partners, Encina Lender Finance, Era Funds, New Enterprise Associates (NEA), Pantera Capital, Sazze Partners, Simu Liu's Markham Valley Ventures, Treville Capital Group

Nitra, founded by Tim Hwang (CEO) and Jonathan Chen (President), offers an AI-native, all-in-one platform for healthcare practices, which integrates payments, procurement, and operations. The company experienced a revenue growth of over 740% in 2025, achieving $33M in annual recurring revenue (ARR) and surpassing $1B in annualized processing volume, with goals of reaching $150M+ ARR and $4B in volume in 2026.