KeyCare, a provider of cloud-based solutions that are designed to enhance telehealth services for both care providers and patients, announced the completion of its $27 million Series A funding round.
Ziegler led the investment round with participation from 8VC, LRVHealth, Bold Capital, and Spectrum Health Ventures.
With new funds, KeyCare plans to develop its cloud-based solutions that improve the telehealth experience for both care providers and patients.
Commenting on the funding news, Lyle Berkowitz, CEO of KeyCare, said: “With the completion of our Series A funding, KeyCare is well-positioned to continue the optimization of our platform and provide virtual care services to additional health system partners.” “It’s gratifying to have the support of strategic investors like Ziegler, as well as our health system partners. And we are excited that multiple new health systems are scheduled to go live in the first quarter of 2023 while our pipeline for the additional health system and virtual care partners continues to grow.”
Investors
“KeyCare’s approach to virtual care is both innovative and unique in the industry because their technology is optimized on Epic to facilitate patient record sharing,” said Grant Chamberlain, senior managing director at Ziegler. “They are well-positioned to help health systems augment their own care teams and facilitate a high-quality and streamlined virtual care experience for patients.”
Telehealth startups
According to our funding database, telehealth companies have raised close to $50 billion in funding to date.
More recently, Virtual care startup Medical Informatics Corp, which provides AI-guided remote patient monitoring and workflow automation solutions for hospitals, raised $27 million in Series B funding co-led by Catalio Capital Management and Intel Capital with TGH Innoventures and Notley and existing investors DCVC, TMC, and nCourage. In another deal, the Singapore-based telehealth company Doctor Anywhere closed a $38.8 million Series C funding round led by Novo Holdings with participation from Asia Partners, Kamet Capital, Square Peg, IHH Healthcare, EDBI, and OSK-SBI Venture Partners.
