Laudio, a Boston, MA-based automated platform for health systems to drive real-time, personalized engagement between nurse managers and their teams, completed a $7.3m Series A round of financing.
The round was led by InHealth Ventures and .406 Ventures with participation from MemorialCare Innovation Fund, and other existing investors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Russ Richmond, MD, CEO, Laudio delivers a a SaaS automated platform for health systems to drive real-time, personalized engagement between nurse managers and their teams, creating a culture that supports nurse management and reduces nurse turnover and burnout.
With algorithms derived from the analysis of a large healthcare human resource dataset, the platform operationalizes proven leadership best practices and serves up proactive interventions for managers to address risk factors in real-time, personalized for each team member.