Inbox Health, a New Haven, CT-based patient billing and payments startup, closed a $1.5m seed funding round.
The round was led by Connecticut Innovations, with participation from Launch Capital, Enhanced Capital, I2BF Global Ventures, David Sturek (partner at Giganteus PE Management), Mohawk Ventures, and Margaret Ricciardi. In conjunction with the investment, Matthew Storeygard, of Connecticut Innovations, and David Sturek, of Giganteus PE Management, will join Inbox Health’s board of directors.
The company intends to use the funds to accelerate its sales and marketing efforts, as well as to grow their research and development team.
Founded in 2014 and led by Chief Executive Officer Spencer Ewald and Chief Product Officer Blake Walker, Inbox Health provides a software platform which gives patients visibility about insurance coverage and costs before visits, and streamlines billing using digital communication methods such as text message, email, and phone, based on individual needs.
The company, which currently serves over 200 medical practices processing millions of dollars in transactions monthly, recently acquired CakeHealth, an insurance data aggregation startup.