Notable Systems adds $12M investment 

DENVER - Notable Systems has announced a $12 million growth investment led by Harbert Growth Partners and Grotech Ventures. 

The funding will fuel the continued expansion of the company’s technology and go-to-market teams as it scales to meet growing demand across the health care industry. 

"Notable Systems is solving a massive and expensive problem in the health care system with extraordinary precision and performance," said Tom Roberts, general partner at Harbert Growth Partners. "Their technology is already delivering measurable ROI for some of the largest DME providers in the country. At HGP, we believe AI innovation applied to vertical markets, as Notable is doing in the DME/HME industry, will drive significant productivity and ROI gains over the next decade.  We're excited to support Steve and his impressive team and help accelerate their impact.” 

Notable Systems already counts as customers Enovis, Apria, XiFin and National Seating & Mobility. 

The company says its AI-driven platform transforms medical documentation into clean, compliant claims with speed and accuracy, helping its customers accelerate claims processing, collect revenue faster and reduce denials. The company also recently launched Payor Greenlight System, a medical criteria review engine that flags and resolves documentation issues before claims submission. 

About the investors: 

• Harbert Growth Partners is a growth equity firm affiliated with Harbert Management Corporation (HMC), an investment management firm focusing on alternative assets with approximately $8.1 billion in regulatory assets under management as of Feb. 28, 2025. HGP is investing out of its fifth fund and backs emerging growth stage technology companies with capital, strategic advice and an extensive entrepreneurial support network. 
• Grotech Ventures partners with innovative entrepreneurs to build companies that transform markets, create jobs and produce extraordinary, sustainable growth. Founded in 1984 and based in Arlington, Va., Grotech has invested in more than 130 companies across various technology sectors. The firm typically invests from $500,000 to $5 million initially and continues investing throughout a company's growth phases. 

Related: Notable Systems has integrated with Valere Health and NikoHealth.