Axial Healthcare Inc., a Nashville, TN-based pain care solutions provider, secured $8m in Series A funding.
The round was led by .406 Ventures with participation from existing backers BlueCross BlueShield Venture Partners and Sandbox Industries. In conjunction with the funding, Liam Donohue, .406 Venture’s Co-Founder and Managing Partner, joined Axial’s Board of Directors.
The company intends to use the funds to accelerate the deployment of its suite of pain management capabilities.
Led by John J. Donahue, Chairman and CEO, Axial Healthcare provides pain management solutions that engage physicians, pain clinics and patients with coordinated care by applying big-data-driven, analytical insight, clinical evidence and consumer support. Its coordinated pain care solution includes four inter-operable components: axialAnalytics (patient and practitioner advanced analytics); axialPractitioner (pain care pathways, performance metrics and point of care MD support); axialNetwork (pain clinic Center of Pain Excellence and COPE network contracting) and axialConsumer (targeted consumer support for high-risk pain patients).