UrgentIQ, a New York startup building artificial intelligence-powered software for urgent care centers, has closed a $15 million Series A led by Five Elms Capital. The company declined to share its valuation.
The two-year-old firm is betting it can carve out a niche in one of healthcare's more chaotic corners. Urgent care sits somewhere between primary care and the emergency room, a category that has grown to more than 14,000 centers nationwide but remains fragmented and operationally intense. UrgentIQ thinks those clinics deserve purpose-built tools rather than software repurposed from other medical settings.
"Urgent care is one of the most operationally demanding environments in healthcare," said Nathaniel Gibbs, the company's founder and chief executive. "We believe urgent care deserves its own operating system."
That system, as UrgentIQ describes it, spans patient intake, clinical documentation, and back-office billing. The platform includes AI-assisted note-taking, computer-aided coding, and revenue cycle management features like denial handling and claims scrubbing. The company counts CommunityMed, BreezeMed, and Urgent Care Express among its customers, though it has not disclosed how many clinics use its software or what revenue it generates.
With the new capital, UrgentIQ plans to move beyond electronic medical records into what it calls a unified clinical and financial platform. The roadmap includes in-house billing modules, AI-powered diagnosis and coding tools, live insurance verification, and what the company describes as an "AI checkout agent." It also intends to grow headcount; LinkedIn data suggests UrgentIQ currently employs between 11 and 50 people.
Gibbs previously worked at Silversmith Capital Partners, a private equity firm. Eric Slater, who co-founded UrgentIQ, serves as chief technology officer. The startup brought on Tara Bradley as chief operating officer earlier this year.
The company has been methodical in its fundraising. UrgentIQ raised $4.5 million in seed funding in mid-2023, backed by Digital Health Venture Partners, Sidekick Partners, and Exit 156 Capital, according to SEC filings and the firms' portfolio listings. It pulled in another $4.95 million starting in October 2025, filings show. A Form D for the Series A had not yet surfaced in federal records as of mid-September, though companies have 15 days to file after a round's first sale.
Five Elms Capital, which led the Series A, manages more than $3 billion and focuses on growth-stage business software with an emphasis on vertical applications incorporating AI. The firm closed a $1.1 billion fund in 2024 and lists 47 active portfolio companies. Joe Onofrio, a partner at Five Elms, said UrgentIQ has attracted strong adoption among operators, though he did not provide specifics.
The urgent care market has matured considerably in recent years. As of April 1, 2026, the sector included 14,655 centers in the United States, according to data from National Urgent Care Realty and Urgent Care Consultants published in the Journal of Urgent Care Medicine. Hospital-affiliated models now account for roughly 56% of the largest 100 urgent care networks by location count, the journal reported.
For UrgentIQ, the challenge will be threading the needle between customization and scalability. Urgent care workflows differ meaningfully from hospital emergency departments and primary care offices, but the segment is also price-sensitive and crowded with larger electronic health record vendors. The company's pitch hinges on the idea that AI can handle enough grunt work to justify switching systems.
UrgentIQ incorporated in Delaware and was authorized in New York on June 16, 2022, state records show. The company also partners with Inbox Health for patient payment processing, a relationship it announced earlier this year.
