HomefundingFilament Labs Raises $1M in Seed Funding

Filament Labs Raises $1M in Seed Funding

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filaments labsFilament Labs, an Austin, Texas-based provider of a care plan delivery platform for health professionals, raised $1m in seed funding.

The round was led by Mercury Fund, with participation from Corinthian Health Services and Arcadia Home Careand a number of angel investors, including: David Cohen (Techstars), Walt Winshall (PatientsLikeMe), Marc Weiser (RPM Ventures), Wendy Smith (Healthcare), Dr. Farnam Jahanian (University of Michigan), Dean Drako (Eagle Eye Networks), Eric Simone (ClearBlade), Jeff Schox (Schox Law), Larry Abrams (Author), Rick Borenstein (Sequoia Partners), and Russell Hinds (RSH Ventures).

The company intends to use the funds to grow Patient IO, a care plan delivery platform for health professionals.

Founded in March 2013 by CEO Jason Bornhorst (Mobiata, Expedia), Chief Product Officer Colin Anawaty (Plerts, Rev Worldwide), and CTO Brian Gambs (HealthShare, WebMD), Filament Labs provides Patient IO, which helps health professionals create personalized care plans that can be delivered to patients outside the clinic. For patients, it enables doctors to deliver treatment-specific tasks, reminders and educational content directly to patients’ or their caregivers’ smartphones. Patient IO synthesizes multiple care plans from multiple providers into a unified set of daily tasks for the patient. Health professionals can review submitted health information in real-time as patients complete their care plan.
Its web dashboard lets health professionals track their entire population from their desktop and send user-configurable alerts if patients stray too far from their care plan. Patient IO also offers a full set of APIs to integrate with existing care management software.

In addition to the funding, Corinthian Health Services and Arcadia Home Care have both signed deals with Filament Labs, and the platform has already been deployed to approximately 4,000 patients as of April 1, 2014, and will be deployed to another 4,000 patients in June.

The company previously raised $160k as part of their participation in the Techstars program in Austin.

FinSMEs

22/05/2014

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