TimeDoc, Inc., a Chicago, IL-based Virtual Care Management platform, completed a $5.7m Series A round of financing.
The round, which brought total funding since launching in 2016 to over $8M, was led by Vocap Investment Partners with participation from existing and new investors Grand Ventures, Serra Ventures, Waterline Ventures, Impact Engine, Break Trail Ventures, Chaifetz Group, and Pat Welsh, co-founder of Welsh, Carson, Anderson & Stowe. In conjunction with the funding, Vocap Investment Partners Managing Director Vinny Olmstead will join TimeDoc’s Board of Directors, alongside current outside board member Tim Streit of Grand Ventures.
The company plans to use the new capital to accelerate sales resources, strengthen Electronic Health Record (EHR) integrations, roll out Remote Patient Monitoring, and develop tools to improve outcomes for their chronically ill patients.
Led by Will Boeglin, CEO, TimeDoc provides a software platform for virtual care management programs. Clients include hospitals, physician group practices, and Federally Qualified Health Centers that leverage the TimeDoc software for Chronic Care Management and Behavioral Health Monitoring.