Alliance Health Networks, a company focused on building the tools and platforms necessary to create health-related social networks, closed a $3.3m Series C Preferred Stock financing, bringing the total amount of venture capital raised to $6.6m.
The investment was led by Highway 12 Ventures, with EPIC Ventures, Series B lead investor, and other Internet and healthcare industry angels, also participated in this round.
Alliance Health is building a universe of social health networks that unite individuals and market participants online in communities focused on health condition. Its first social health network, DiabeticConnect.com, has more than 50,000 registered members and is now the largest online social network for people living with or treating diabetes.
The Salt Lake City, UT.-based company will use the proceeds to accelerate growth by launching several new social health networks during the next 12 months. Additionally, the company will expand its outreach to companies interested in engaging more authentically with its customers.