Electronic Caregiver (ECG), a Las Cruces, NM-based digital health technology and services company, raised an additional $30m + warrant exercise for a total of $42.5m.
The new funds will grow ECG’s revenues and customer base leading to an expected IPO within 24 months. To date, the company has raised $110m in equity + $10m in debt, totaling $120m.
Founded in 2009 and led by Joe Baffoe, President, Electronic Caregiver is a digital health technology and services company which designs and delivers telehealth products and services. Virtual Caregiver™, Addison, engages with and helps monitor the health of aging and chronically ill clients and child patients via touch-screen devices placed throughout a home. The company’s solutions are available through healthcare organizations, physician practices, care management firms, home care agencies, and senior housing providers to deliver hospital-at-home, chronic care management, and remote patient monitoring programs. Electronic Caregiver has been qualified as a technology solution provider in the AWS (Amazon Web Services) Partner Network.
The company anticipates their next round of funding will have a pre-valuation of $560 million, raising an additional $100 million.
FinSMEs
24/10/2022