Telemetrix Completes $1M Seed Round of Fundingkyle@telemetrix.io
Capital to be used to execute new client contract
August 31, 2021 09:19 AM Eastern Daylight Time
ATLANTA–(BUSINESS WIRE)–Telemetrix has announced the completion of a $1M Series Seed round of funding, with a $10M pre-money company valuation. Led by South Florida Health, Inc., this seed round also includes a blend of strategic angel investors, family offices, and physicians.
“While the funding is certainly important,” says Telemetrix CSO C. Micah Spruill, “each investor has brought additional strategic resources beyond the capital. Some have opened doors into the hardware space, others have made key healthcare and technology connections, and some have brought key expertise to our Board of Directors.”
Also notable about this funding series is the multiple physician investors, which validates the use case for Telemetrix technologies for physicians and healthcare systems.
This funding round will allow Telemetrix to more effectively execute its recent contract with one of the largest public healthcare systems in the country. The contract, originally proposed and designed as a health system delivery model, has developed into a population health services model encompassing primary care, the homeless, and post-COVID services.
Telemetrix is a uniquely positioned virtual health care enabler, able to support health systems in making meaningful improvements in patient access and care. Telemetrix’ position as the only provider in the remote patient monitoring industry with access to a full, real-time instance of the best-in-breed electronic medical records platform reduces the need for employee training and creates seamless, actionable provider alerts. It also means that Telemetrix offers features, services, and health data analytics no other remote patient monitoring provider can offer.