Menlo Park, CA (PRWEB) September 18, 2012
Morgenthaler Ventures, a premier venture capital firm, Health 2.0, the conference that showcases the leading new technologies in healthcare, announced today the 13 finalists for their nation-wide contest to find the most promising health IT startups looking for Seed and Series A funding. The 13 company founders will present in front of leading venture capitalists, angel investors, government officials and entrepreneurs on the last day of the annual Health 2.0 conference on October 10, 2012 in San Francisco, CA. Attendees will also hear from Jeff Tangney, CEO of Doximity and founder of Epocrates on building health IT startups and former Congressman Patrick J. Murphy on the upcoming implementation of healthcare reform.
“I started this conference three years ago, when we invested in Practice Fusion, because the emerging opportunities in Health IT were still relatively ignored for investors in Silicon Valley,” said Rebecca Lynn, Partner at Morgenthaler Ventures and head of the firm’s health IT investing team. Since then, we have seen an explosion in the space. We are proud to welcome Jeff Tangney, CEO of Doximity, to our investment portfolio as he has a long track record in health IT and will have many lessons to share with the young entrepreneurs who are just starting out in the room.
This year, the contest held open applications for Series A venture back-able health IT companies. The Seed stage candidates were submitted by accelerator partners: Rock Health, Blue Print Health, Healthbox and Startup Health.
“The pipeline for health IT startups has never been more full thanks to our accelerator partners who are pushing tech entrepreneurs into the space, said Missy Krasner, Executive in Residence (EIR) at Morgenthaler Ventures and former Google Health founding member. We received over 140 applications this year and many aligned with the areas in the industry we mapped out for our own investing thesis at Morgenthaler. Because of that, it was difficult for our pre-selection judges to narrow down the finalist list and that is why we have some honorable mentions this year too.
The 13 finalists of the DC to VC: HIT Startup Showcase are grouped into two categories: companies seeking Series A Venture funding ($ 2-5M+) or Seed Stage funding. They include:
Series A Finalists:
GSI Health delivers workflow, care coordination apps and health information exchange (HIE) solutions for hospitals that manage patients across the care continuum and outside the enterprise (Philadelphia, PA) http://gsihealth.com/.
Beyond Lucid Technologies offers a pre-hospital records or electronic health record – type (EHR) solution for ambulance providers, medics and first responders (Walnut Creek, CA) http://beyondlucid.com/.
CarePlanners is a platform that enables a nationwide network of careplanners to help patients and caregivers better navigate their individual and ongoing experiences with the healthcare system using a combination of personal services and online tools (New York, NY) http://careplanners.com/.
Starling Health offers an intuitive, touchscreen bedside communication system for hospitals to improve patient interaction at the point of care and help streamline the nurse triage and communication process (New York, NY) http://starlinghealth.com/.
AgeTak unleashes big data in healthcare from dispersed data silos in real-time based on consent from the true owner of the data. It offers privacy-protecting big-data solutions for analytics in healthcare (Hopkins, MN) http://www.agetak.com.
HeathLoop offers an automated patient follow-up solution that tracks patient recovery and improves outcomes by engaging patients with their doctor between visits (San Francisco, CA) http://healthloop.com/.
Comprisma (special candidate) makes health insurance markets healthier by providing risk markets for health insurers to share risk with one another, reducing the uncertainty and volatility in aggregate policy experience (Washington, D.C.) http://comprisma.com/.
The Honorable Mention that is considered a finalist but will not officially compete is:
NudgeRX reduces unplanned hospital admissions by providing daily, web-based recovery monitoring and guidance for patients and caregivers (Seattle, WA) http://nudgerx.com/.
Nephosity (submission from Rock Heath) is an iPad viewer app and cloud server that enables collaborative access to medical images, anywhere, anytime (San Francisco, CA) http://nephosity.com/.
Force Therapeutics is a physical therapy platform for both consumers and physical therapists that leverages telehealth to help deliver mobile care in real time (New York, NY) http://forcetherapeutics.com/. When they applied, they were raising a Seed Stage round, and they are now expanding into a Series A round.
United Preference (submission from Healthbox) offers flexible payment architectures on an easy-to-administer card platform for the delivery of employee and health plan incentives that help drive healthy behavior (Chicago, IL) http://unitedpreference.com/. When they applied, they were raising a Seed Stage round, and they are now expanding into a Series A round due to client activity over the summer which now makes their programs responsible for 200K lives nationally.
Aidin (submission from Blue Print Health) is a hospital discharge solution for social workers and case managers to refer patients to post-acute care providers or to receive care in the home (Nashville, TN) http://myaidin.com/.
Capture Proof (special candidate) captures, shares and compares patient images for easy analysis by doctors who want to monitor their patients health and physical healing over time (Los Angeles, CA) http://www.captureproof.com/temp/captureproof.html.
The Honorable Mentions that are considered finalists but will not officially compete are:
Genomera (submission from Rock Health, inaugural class) is a crowdsourcing health discovery service that helps any consumer create group health studies or clinical trials using social networking (San Francisco, CA) http://genomera.com/.
Cara Health (submission from Healthbox, inaugural class) uses language analytics and machine learning algorithms to calculate risk of unplanned adverse events based on live conversations with patients who are reporting their health status with care managers at call centers (Chicago, IL) http://cara-health.com/.
About the Competition
Organized by Morgenthaler Ventures and Health 2.0, the contest was open to any U.S. based entrepreneur looking to raise Series A or seed capital for their health IT startup. Applications were judged by a pre-selection round of judges that included: