{"id":3093229,"date":"2026-02-17T06:00:00","date_gmt":"2026-02-17T14:00:00","guid":{"rendered":"https:\/\/techcrunch.com\/?p=3093229"},"modified":"2026-02-17T09:52:32","modified_gmt":"2026-02-17T17:52:32","slug":"spendrule-raises-2-million-emerges-from-stealth-to-help-hospitals-track-spending","status":"publish","type":"post","link":"https:\/\/techcrunch.com\/2026\/02\/17\/spendrule-raises-2-million-emerges-from-stealth-to-help-hospitals-track-spending\/","title":{"rendered":"SpendRule raises $2M, emerges from stealth to help hospitals track spending"},"content":{"rendered":"\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Last year, Chris Heckler was coming to the end of a five-year non-compete after selling his last company, a healthcare startup. \u201cI was sitting on the sidelines doing angel investing, and I realized I was too young to retire,\u201d he told TechCrunch. \u201cI wanted to get back into it.\u201d\u00a0<\/p>\n\n<p class=\"wp-block-paragraph\">At the same time, Joseph Akintolayo had just sold his fintech company. He, too, had a non-compete, but was noodling on ideas for a company. He knew Heckler, as Akintolayo had once served as an advisor on one of his projects.&nbsp;<\/p>\n\n<p class=\"wp-block-paragraph\">In this downtime, however, they wanted to come together \u2014 Heckler, with his connections, and Akintolayo, with his knowledge of AI and supply chains \u2014 to try and build something new.&nbsp;<\/p>\n\n<p class=\"wp-block-paragraph\">The result was <a href=\"https:\/\/spendrule.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SpendRule<\/a>, launched last summer as an AI-powered platform that helps healthcare systems track their spending. The company emerged from stealth on Tuesday, with $2 million in funding in a round led by Abundant Venture Partners. Others in the round include MemorialCare Innovation Fund and Zeal Capital Partners.<\/p>\n\n<p class=\"wp-block-paragraph\">Right now, if an item has a barcode, health systems use a three-way match, Akintolayo, the company\u2019s CTO, said, which connects a purchase to an invoice. But a lot of the time, health systems have purchases and contracts (such as maintenance, janitorial, translation services, or laundry) that lack bar codes or easily identifiable purchase receipts.&nbsp;<\/p>\n\n<p class=\"wp-block-paragraph\">Because these types of purchases can often be tricky and complex to manage, overspending is quite common. SpendRule is a technology that ensures hospitals pay only what was negotiated in their contracts. It is integrated with and operates on top of a hospital system\u2019s current enterprise resource planning software, contract management software, and accounts payable workflows, pulling information from contracts, invoices, internal databases, and vendor data to validate invoices before payment is released. <\/p>\n\n<p class=\"wp-block-paragraph\">It flags discrepancies and tells teams when to pay and when not to. Typically, hospitals hire an auditor every two years to perform this function or manually review each invoice. It was a tedious task bound to be automated in this current wave of AI. Already, big names like Kettering Health, MemorialCare, and MUSC Health are using the platform, Akintolayo said.\u00a0<\/p>\n<div class=\"wp-block-techcrunch-inline-cta\">\n\t<div class=\"inline-cta__wrapper\">\n\t\t<div class=\"inline-cta__logo\">\n\t\t\t<svg aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"41\" height=\"20\" fill=\"none\" viewBox=\"0 0 41 20\"><path fill=\"#fff\" d=\"M0 0v6.452h7.097V20h7.097V6.452h6.451V0zM27.742 13.548V6.452h-7.097V20h20v-6.452zM40.645 0H27.742v6.452h12.903z\"\/><\/svg>\t\t<\/div>\n\t\t<div class=\"inline-cta__flag\">Techcrunch event<\/div>\n\t\t<div class=\"inline-cta__content\">\n\t\t\t<div class=\"inline-cta__header-container\">\n\t\t\t\t<div class=\"inline-cta__header-container-desktop\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"inline-cta__header has-h-5-font-size\">Save up to $300 or 30% to TechCrunch Founder Summit<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"inline-cta__subheader\">1,000+<strong> founders<\/strong> and investors come together at <strong>TechCrunch Founder Summit 2026<\/strong> for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediately.<br><br>Offer ends March 13.<\/h4>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"inline-cta__header-container-mobile\">\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"inline-cta__header has-h-5-font-size\">Save up to $300 or 30% to TechCrunch Founder Summit<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"inline-cta__subheader\">1,000+<strong> founders<\/strong> and investors come together at <strong>TechCrunch Founder Summit 2026<\/strong> for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediately<br><br>Offer ends March 13.<\/h4>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"inline-cta__event-info\">\n\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__location\">Boston, MA<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__separator\">|<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__date\">June 9, 2026<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"inline-cta__register-button\">\n\t\t\t\t\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a data-ctaText=\"REGISTER NOW\" data-destinationLink=\"https:\/\/techcrunch.com\/events\/techcrunch-founder-summit-2026\/?utm_source=tc&amp;utm_medium=ad&amp;utm_campaign=tcfoundersummit2026&amp;utm_content=seb&amp;promo=tc_inline_seb&amp;display=\" data-event=\"button\" class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/techcrunch.com\/events\/techcrunch-founder-summit-2026\/?utm_source=tc&amp;utm_medium=ad&amp;utm_campaign=tcfoundersummit2026&amp;utm_content=seb&amp;promo=tc_inline_seb&amp;display=\" target=\"_blank\" rel=\"noreferrer noopener\">REGISTER NOW<\/a><\/div>\n<\/div>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<p class=\"wp-block-paragraph\">Heckler and Akintolayo started the company only last summer but managed to close a round by Halloween, mainly due to Heckler\u2019s industry connections. \u201cWe were able to painlessly close that initial round and use that to grow the team to support the customers,\u201d he said. The new capital will be used to hire and continue developing the company&#8217;s AI infrastructure.&nbsp;<\/p>\n\n<p class=\"wp-block-paragraph\">Heckler said SpendRule considers existing invoice auditors its competition, such as SpendMend and GHX. But Akintolayo said again, one main difference is SpendRule\u2019s focus on purchase services, the type of items hospitals buy that do not have barcodes.&nbsp;<\/p>\n\n<p class=\"wp-block-paragraph\">\u201cOur goal is to build a more resilient hospital system,\u201d Akintolayo said. \u201cThat\u2019s our vision. To protect the bottom line of everyone by connecting their data and helping them make better decisions.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpendRule, launched last summer, is an AI-powered platform that helps healthcare systems track their 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