DUOS, a Minneapolis-based digital health startup, announced it has secured a $130 million strategic growth investment led by FTV Capital, with participation from Forerunner Ventures, its earliest institutional investor.
MINNEAPOLIS — October 2025 — DUOS, a Minneapolis-based digital health startup, announced it has secured a $130 million strategic growth investment led by FTV Capital, with participation from Forerunner Ventures, its earliest institutional investor.
The funding will support DUOS’ national expansion, deepen its AI capabilities, and strengthen its platform that helps health plans increase member engagement and improve plan performance across Medicare Advantage, Medicaid, and ACA marketplace plans.
As part of the investment, Jenn Kerfoot has been promoted to President of Market Operations, overseeing commercial growth efforts. Additionally, Alex Mason and Justin Levine of FTV Capital have joined the DUOS board of directors.
Founded in 2020, DUOS provides an AI-powered infrastructure that guides members through their health benefits, helping them complete high-value actions such as coverage renewals, care coordination, and pharmacy enrollment. The company aims to close the “final mile” in healthcare engagement — ensuring members not only receive information but take action that improves outcomes and retention.
FTV Capital, which specializes in healthcare technology investments, said DUOS stands out for its measurable engagement results and scalable AI-driven infrastructure.
Source: FTV Capital Press Release
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