Wavely Diagnostics, a Seattle, WA-based digital diagnostics company developing smartphone-based apps to bring data-driven virtual pediatric care into every U.S. household, raised $2.2M in seed funding.
Investors included Ambit Health Ventures, WXR Fund, WRF Capital, Cascade Seed Fund, Gaingels Spark Fund, HealthTech Capital, Wealthing VC Club, Purpose Built VC, Vantage Partners Texas, Crosstimbers Capital Group, and various angel investors.
The company intends to use the funds to expand development of its platform in preparation for commercial launch in spring of 2022.
Led by Arna Ionescu Stoll, CEO, Wavely Diagnostics is advancing a digital diagnostics solution for ear infections. Anticipated to be publicly available in spring of 2022, the company’s phone-based diagnostics app coupled with a paper funnel turns a smartphone into an acoustic tool which only needs to be placed at the opening of the ear canal; it is non-invasive so parents can get quick, reliable answers the first time they use it. It requires no training or special hardware beyond a simple paper funnel.
The executive team is led by:
- Arna Ionescu Stoll, CEO,
- Ehud Gelblum (PhD), CFO, and
- Joan Hain, Vice President of Operations.
Wavely has been awarded nearly $275,000 in non-dilutive grant funding for research and development since 2019 and raised $2.2MM in seed funding from investors in 2021 to accelerate product development.
FinSMEs
08/02/2022