“Big data allows us to collect more data about patients than any clinical trial in history,” said Vinnie Ramesh, CTO at Wellframe, via email.
Wellframe, a Boston-based company that combines mobile technology and artificial intelligence to amplify caring clinical relationships by engaging patients in personalized care plans, announced today that the organization has closed on $8.5 million in financing, led by DFJ, with participation from Formation 8, Waterline Ventures and Queensbridge Venture Partners. “To deliver a disruptive product in the healthcare ecosystem, we look for teams that possess a unique combination of deep industry expertise coupled with consumer product excellence,” said DFJ Partner Emily Melton, who joins Wellframe’s board of directors.
A health IT business that developed a mobile platform and analytics tool to give care managers a clearer window on patients’ responsiveness to their care plan has raised $8.5 million.
Boston-based patient engagement and care management company Wellframe raised $8.5 million in a funding round led by Draper Fisher Jurvetson (DFJ), with additional investment from Formation 8, Waterline Ventures and Queensbridge Venture Partners.
Healthcare providers are under pressure to better monitor and care for older and at-risk patients between doctor visits. So caregivers need an effective way to stay in touch with patients and keep them following doctors’ orders while they’re at home.
Digital therapy is important for patients who need at-home care, can’t afford to travel to a clinic, or have no way to get to a clinic for therapy.
Wellframe, the Boston-based creator of a mobile health app, has closed on $8.5 million in investor financing as the company works toward commercialization.