5IR Funds backs HOOTL

5IR Funds led a $6.5 million Series A in HOOTL, an AI company automating insurance processing for healthcare providers.

HOOTL uses AI and regulatory data to cut claim denials, track policy changes, and validate claims in real time. The platform, first launched in dental practices, will expand to partner networks in Q4 2025.

Its domain-specific agents embed compliance directly into automation workflows, helping providers stay aligned with changing payer and regulatory requirements. The funding supports product development and market expansion.

“HOOTL represents the next evolution of healthcare automation: domain-specific, compliance-aware, and trust-first by design. The combination of cutting-edge AI and regulatory intelligence makes HOOTL uniquely equipped to solve the insurance bottlenecks that have plagued providers for decades.” – David Carstens, Founder and General Partner at 5IR Funds.

“Our mission is simple but bold: stop the financial bleed in healthcare by applying AI where it truly matters—at the interface of providers, payers, and regulators. Because of our access to policy makers and regulatory bodies, we’re not just reacting to changes—we’re building systems that anticipate them. That’s how we restore trust and unlock real, measurable value for practices.” – Denver Riggleman, CEO of HOOTL.

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