CareDash.com, a Cambridge, MA-based online healthcare portal for doctor reviews, secured approx. $2m in debt financing.
The transactions include $1m in venture debt financing and an additional $1m line of credit led by Link Ventures, a Cambridge-based investment firm focused on internet and technology companies.
The company intends to use the funds to increase consumer awareness of the brand.
Led by Ted Chan, founder and CEO, CareDash.com is a resource dedicated to bring transparency to the doctor review industry with a promise to reject payments from doctors seeking to remove and hide negative reviews, a widely-used industry practice.
Launched in June 2016, the company currently features more than 30,000 reviews and ratings generating $6.7 million in revenue in 2016. It previously raised $500k in seed capital from former Chairman and CEO of Thomson Financial, Jeff Parker former Chairman of McGraw-Hill Publishing Ron Schlosser and Food Network founder Joe Langhan.