Medical Informatics, a Houston, TX-based provider of virtual care and analytics solutions, raised $27M in Series B funding.
The financing included a $17M Series B co-led by Catalio Capital Management, through Catalio’s venture capital strategy, and Intel Capital, and an additional $10M in debt led by Catalio through its structured equity strategy. New investors TGH Innoventures – Tampa General Hospital’s innovation center and venture fund – and Notley, and existing investors DCVC, TMC, and nCourage also participated in the round.
As part of this latest round, Jonathan Blankfein, Principal at Catalio, will join the company’s board of directors, and Dr. Diamantis Xylas, Head of Research at Catalio, will join as a board observer.
The company intends to use the funds to continue accelerating its growth and adding specialized talent, including deep product specialists and client engagement teams to support long-term strategic partnerships.
Led by CEO Emma Fauss, Medical Informatics increases health care organizations’ ability to access, harness and leverage data to streamline clinical workflows, address challenges such as staff shortages and critical care capacity and establish high-quality standards of care that enhance patient outcomes. Through the company’s flagship, vendor-neutral, FDA-cleared platform, Sickbay™, hospitals archive, aggregate and transform otherwise unrecorded, high-resolution waveform data from disparate bedside devices. The platform unifies that data with information from the Electronic Medical Record and other systems and delivers it back into clinical care through a web-based interface to make it actionable.
FinSMEs
30/11/2022
ABOUT CATALIO CAPITAL MANAGEMENT
Catalio Capital Management, LP, is a multi-strategy life sciences investment firm that focuses on breakthrough biomedical technology companies developing the next generation of drugs, devices, diagnostics, and data-driven insights. Catalio’s partnership includes over 36 world-renowned scientists with extensive academic bona fides who have each started several successful companies based on their research. Catalio has offices in New York, Baltimore, and London. For more information, visit www.cataliocapital.com.
ABOUT INTEL CAPITAL
Over three decades, Intel Capital has invested more than US $20 billion in the future of compute, funding standout, early-stage startups across four key areas of the tech ecosystem; Silicon, Frontier, Devices and Cloud. Intel Capital-funded companies have produced more than 700 IPOs and exits, and created more than US $100 billion in market value in the past 10 years. For more information, visit www.intelcapital.com or follow @Intelcapital.
ABOUT TAMPA GENERAL HOSPITAL
Tampa General Hospital, a 1,040-bed, not-for-profit, academic medical center, is one of the largest hospitals in America and delivers world-class care as the region’s only center for Level l trauma and comprehensive burn care. Tampa General Hospital is the highest-ranked hospital in the market in U.S. News & World Report’s 2022-23 Best Hospitals, and is tied as the third highest-ranked hospital in Florida, with seven specialties ranking among the best programs in the United States. It is one of the nation’s busiest adult solid organ transplant centers and is the primary teaching hospital for the USF Health Morsani College of Medicine. For more information, go to www.tgh.org.