Medivo, Inc., a New York-based healthcare IT company that provides data analytics and lab testing services, has raised $7m in Series A funding.
The round was led by Safeguard Scientifics, Inc. (NYSE: SFE).
The company intends to use the capital for product development and expansion of sales and marketing.
Co-founded by Chief Executive Officer Sundeep Bhan and MBA Executive Vice President Destry Sulkes, MD, Medivo provides an online, HIPAA-compliant platform, which connects patients to a nationwide network of physicians, lab service centers and home testing services.
It allows physicians to provide better care with services that identify gaps in patient lab testing and treatment, enable testing and provide fast access to a network of thousands of labs. Medivo also enables patients to better manage their health with access to testing and monitoring services that aid in managing their testing needs, and explain lab results, and provide education information.
In conjunction with the funding, Gary J. Kurtzman, MD, Managing Director in the Life Sciences Group at Safeguard, will be joining the company’s Board of Directors.