HealthCrowd snags funding reflecting investor confidence in its steady revenue
HealthCrowd Secures $2.1 Million in Additional Seed Funding
Funding to Support Growth as Company Scales Footprint in Healthcare Communications for Payers
SAN MATEO, CA, NOVEMBER 23, 2015 – HealthCrowd, an early disruptor in healthcare mobile messaging, today announced it has successfully closed $2.1 million in additional seed funding. Participating investors included Startup Capital Ventures, Herlitz Capital, Healthy Ventures, Band of Angels, Berkeley Angel Network, and 37 Angels. The capital will be used to scale HealthCrowd’s operations to support increased demand for its enterprise healthcare communications platform.
HealthCrowd has built a reputation as an innovative leader in unified communications for payers. Its platform uses text messaging, interactive voice response, email and nanosites, “in concert”, to deliver relevant, timely and actionable communication to health plan members, at scale, and in a risk-managed way. HealthCrowd’s technology and services are in widespread use by local, regional and national health plans.
The company enables all departments of a payer organization to benefit from its platform. For the first time, health plans have a view into every member’s digital touch-points while benefiting from platform features like bombardment avoidance and seamless transitions from one modality to another. In addition to meeting departmental objectives of improved quality scores, higher retention and better member experience, HealthCrowd provides an accelerated return on investment.
“Our investment highlights the confidence we have in Bing and her team as well as their vision and technical expertise. They’ve built a market-leading platform that has the capability to transform healthcare communications forever,” said Tom Toy, Managing Director at Startup Capital Ventures. “HealthCrowd’s potential is tremendous and I look forward to working with the team.”
“We’re excited to reach this important milestone. With this additional capital, we can focus on capitalizing on the company’s current momentum and expanding into other segments of the market,” stated Neng Bing Doh, HealthCrowd’s founder and CEO. “This funding underscores our investors’ confidence in HealthCrowd’s technology, approach and market opportunity.”
HealthCrowd is the first truly unified enterprise communications platform for payers. The company unifies, automates and optimizes multimodal communications to deliver outcomes at scale. Backed by venture capital and angel investors, and based in San Mateo, California, HealthCrowd is dedicated to turning healthcare communications from simply an operational activity, to a strategic lever. With the exponential increase in automated digital communications in our daily lives, HealthCrowd allows health plans to stay relevant while mitigating risk from consumer protection and healthcare privacy regulations. For more information, please visit www.healthcrowd.com.