SAN FRANCISCO, July 15, 2016 /PRNewswire-USNewswire/ -- Launchpad Digital Health, the leading next generation of seed funds + accelerator for digital health, announced today it has led seed funding rounds for 6 new companies that have now begun its twelve-month accelerator program. These new rounds include co-investment from terrific investors including: Stanford University, Draper Associates, HealthX Ventures, Three Leaf Ventures, Stanford StartX, Healthfundr and Aspect Ventures.
"We continue to find terrific companies and entrepreneurs to back in digital health, and these companies are no exception. We are also quite honored to be backing companies with co-investments from many strong investors alongside us." Fred Toney, CEO & Co-Founder of Launchpad Digital Health stated this week.
Among the companies that closed the new seed capital financings are: Hint Health, Lab Sensor Solutions, Moving Analytics, SoberGrid and Wellbrain.
Launchpad Digital Health is also pleased to have closed 3 additional follow-on deals, including as the lead in a follow-on round for LifeDojo, an advanced corporate wellness company (www.lifedojocom). It has also participated in the follow-on Series A rounds for Medable (www.medable.com), the app and analytics platform for health care and a leader in HIPAA compliance and data analytics for digital health companies, and one additional existing portfolio company.
Ted Ridway, CIO & Co-Founder of Launchpad Digital Health, added, "great entrepreneurs are leading our new portfolio companies, but we also continue to back our existing portfolio companies with strong follow-on rounds for LifeDojo, Medable and others—companies that are among the best young digital health companies in the sector."
Hint Health – SaaS offering for managing the operations of providers that are focused on value-based care, from concierge medical practices, to dialysis clinics, to larger group practices and provider organizations. For value-based care providers, the system components address business operations to payment processing. CEO – Zak Holdsworth www.hint.com
Lab Sensor Solutions – data analytics and sensor for tracking and analyzing laboratory samples that require close monitoring, temperature control, and location and timing tracking. Laboratories can enhance their compliance with requirements for all of these audited services with the companies new system. CEO – Geoff Zawolkow www.lsstracks.com
Moving Analytics – technology platform utilizing the highly successful post-cardiac surgery program, the Stanford MULTIFIT Program, designed originally by Dr. Robert DeBusk, Stanford Cardiologist and Professor Emeritus. Implemented by provider organizations to limit relapse and readmissions, the platform moves this program to the home to improve compliance. CEO – Harsh Vathsangan www.movinganalytics.com
SoberGrid – the leading mobile-based social network platform, connecting rehabilitated sober individuals with each other, rehab clinics and other healthcare professional and services. CEO – Beau Mann www.sobergrid.com
Wellbrain – utilizing its meditation platform for pain management, substantially reducing the need for oxycontin and other addictive prescription pain drugs, which have recently been highlighted as a national crisis by the U.S. President and others. CEO – Ruben Kalra, MD www.wellbrain.io
More information on these, and other Launchpad Digital Health companies, can be found on our website. LDH also recently announced the expansion of its senior team, the addition of the LDH-GZ program and corporate partnerships, and the opening of a new headquarter building in San Francisco as of July 1st.
Launchpad Digital Health is a next generation accelerator—more capital, more time and more intensity for its portfolio companies and their founders. Each company accepted into the accelerator program receives: 1) more capital in the form of up to a $500,000 initial investment, 2) more time commitment in the form of a year-long program, co-location with other startups in the digital health sector and the Launchpad Digital Health team, and 3) more intensity in the form of daily and weekly engagement with Launchpad Digital Health's founders, partners and advisors. Our team and advisors are there all along the way as critical business decisions are made. The founders and senior leadership of Launchpad Digital Health have funded and operated companies throughout the healthcare and technology sectors, including digital health companies, for the past two decades. Launchpad Digital Health – Ground Zero extends this ecosystem to companies that, with more intensive time and effort over the 4-month LDH-GZ immersion program, can become eligible for the LDH accelerator and investment.
To find out more about LDH and LDH-GZ, visit us at www.launchpdh.com and see how your startup can benefit from this next generation accelerator programs.