The San Francisco-based health-care platform said the funding round—which also included existing investor Tiger Global, among others—was oversubscribed and will be used to grow its oncology benefit offerings and expand its surgical-care service lines. OMERS is a first-time investor in Carrum. (The Logic)

Talking point: Teresa Lee, managing director of the Ontario Municipal Employees Retirement System’s growth equity arm, will join Carrum’s board of directors. Carrum’s platform negotiates with health-care providers to offer employers upfront bundled payments for employee healthcare, including cancer and cardiac treatments, which it says can save employers up to 45 per cent in costs. Its funding round comes despite a broad slowdown in the venture capital market, though investor confidence is expected to rise as companies begin to reach profitability following strategic changes.