Digital Assent, an Atlanta, GA-based provider of a self-service patient check-in and patient education solution, has closed a $2m Series A round of equity financing.
The investment was led by Imlay Investments, Fulcrum Equity Partners and BLH Venture Partners, with participation from business angels James Balloun, David McKenney and Mark Buffington of Buckhead Investment Partners.
As stated by Andrew Ibbotson, Digital Assent’s president and CEO the capital will allow the company to establish a national presence and expanding its point-of-care network. The financing has already allowed Digital Assent to sign customers in New York, Ohio, Texas and south Florida.
If all goes as planned, the company may be seeking an additional $5m to $10m in funding through a Series B round of financing by the end of 2011 in order to grow the product footprint, add new revenue streams, and expand into other health-care disciplines.
Founded in 2009, Digital Assent has developed a wireless touch-screen solution, PatientPad, that streamlines the patient check-in process and delivers targeted health information to patients while they are in the waiting or exam room. It is also designed to enable healthcare providers to collect patient information in a standard electronic format.