Canadian startup PocketHealth raised $16 million in Series A funding spherical for its medical image sharing platform. The new spherical, which was led by Questa Capital with participation from Radical Ventures, brings the corporate’s complete elevate to $22.5 million.
WHAT IT DOES
The Toronto-based startup is concentrated on serving to sufferers handle their medical imaging data. Patients who get scans carried out at a Pocket Health related imaging heart are ready to enroll in the service. Once an image and report are prepared, sufferers can view their photos on any gadget. Users are additionally capable of share these photos with a health care provider.
The firm additionally provides sufferersdigestible details about their outcomes by its Report Reader perform.
The service at present provides bank-level encryption tech to make sure privateness. PocketHealth stated it is ready to incorporate any medical imaging file, similar to X-rays, ultrasounds and CT scans into the platform.
Pocket well being is free for sufferers, however suppliers and enterprise techniques do pay a price.
WHAT IT’S FOR
The firm stated that the brand new capital will go in the direction of increasing its group and constructing new partnerships within the US and Canada. The startup additionally famous that the funds will assist gasoline product innovation.
Consumers now have entry to real-time info in each space of their lives besides an important space, their healthcare, Jordan Jacobs, cofounder and managing associate at Radical Ventures, stated in an announcement.
We are doubling down on our preliminary funding as a result of we imagine PocketHealth has the product and the group to lastly handle this necessary downside and enhance outcomes for sufferers and care suppliers.
MARKET SNAPSHOT
There are a number of digital well being corporations working to present sufferers extra management over their knowledge. PicnicHealth, a startup that helps sufferers entry and share their medical data, landed $25 million in Series B funding in 2020.
Some improvements are serving to break down the info silo on the doctor finish. For instance, in 2019 CMS launched a brand new API, referred to asData on the Point of Care, that helps give suppliers entry to their sufferers’ medical data.
