New York-based SpendRule has raised a $2 million seed round to address contract leakage inside hospital procurement systems. The round was led by Abundant Venture Partners, with participation from MemorialCare Innovation Fund and Zeal Capital Partners.
The big picture: Hospitals rely on three-way match systems for barcode-based purchases. Service contracts such as maintenance, translation, and janitorial work often fall outside that structure. Overspending follows. SpendRule integrates with ERP, contract management, and accounts payable systems to validate invoices against negotiated terms before payment is released. The company is positioning itself as continuous oversight rather than periodic audit.
Why it matters: AI in healthcare has largely focused on clinical decision support. Operational cost control remains under-digitized. As discussed in our recent coverage of Didero’s procurement automation expansion, procurement infrastructure is becoming a new AI battleground across regulated industries.
By the numbers:
$2M: Seed funding closed in February 2026.
3: Health systems publicly referenced, including Kettering Health, MemorialCare, and MUSC Health.
2 years: Typical audit cycle many hospitals rely on to uncover discrepancies.
The catch: Procurement oversight is crowded. Legacy auditors and enterprise procurement platforms already serve large health systems. Integration into hospital ERP stacks is slow and politically complex. Automating invoice validation also shifts accountability from human auditors to software, raising compliance considerations in regulated healthcare environments.
Key Details
Funding: $2M (Seed)
Lead: Abundant Venture Partners
CEO: Chris Heckler
CTO: Joseph Akintolayo
Sector: HealthTech / Procurement Infrastructure
