Albuquerque's Karoo Health raises $16.2 million for AI cardiovascular platform
Karoo Health raised $16.2 million to grow its AI cardiovascular platform. The Albuquerque company says the money will reach more health plans and cardiology practices.
Albuquerque-based Karoo Health said Tuesday it raised $16.2 million in an oversubscribed Series A round, capital it plans to use to advance its AI-native cardiovascular platform and expand partnerships with health plans and cardiology practices nationwide. For Bernalillo County, the raise keeps a local medical technology company building in a sector that touches some of the most expensive and complex care in the system.
The round was co-led by 7wire Ventures and Allumia Ventures. Pulse 2.0 said First Trust Capital Partners, SpringRock Ventures, Hyde Park Angels and other investors also participated, and identified 7wire Managing Partner Lee Shapiro and Allumia Managing Partner Jeff Stolte among the investors involved in the deal.
Karoo describes its product as a cardiovascular care operating system that helps cardiology networks, health systems and health plans transition to and succeed in value-based care. On its website, the company says cardiovascular care is the No. 1 cost to the health system, a claim that underscores why software that can organize referrals, track outcomes and coordinate patients across settings has drawn investor attention.
The Albuquerque company has been building toward this moment for several years. VC News Daily reported a seed round in April 2022 led by Panoramic Ventures, and later coverage said Karoo closed another seed round in 2023 led by Panoramic Ventures and FirstMile Ventures. Seedtable says the company was founded in 2021 by Ian Koons, and a 2025 profile of Koons said he was focused on bridging traditional and value-based cardiovascular care models.
Karoo’s reach has already extended beyond New Mexico. In March 2025, the company announced a value-based care partnership with Zing Health to advance cardiac care delivery, and in March 2026 it teamed up with Empassion Health to support patients with advanced heart disease. A Citizen Newspaper Group item said Zing would tap Karoo’s national network of 700-plus cardiologists, while an Albuquerque Business First post said the platform served more than 600 cardiology practices.
For Bernalillo County residents, the practical test is whether that national growth brings more local access and tighter coordination with Albuquerque providers. The next milestones to watch are new contracts with health plans and cardiology groups, any hiring tied to Karoo’s Albuquerque base, and whether the company lands partnerships with UNM Health, Presbyterian, Lovelace or other area systems as it scales.
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