Medical image-sharing startup PocketHealth balloons fundraising to nearly $23M
Toronto-based startup PocketHealth, which is aiming to upend how providers share medical images with patients, has raised $16 million, leaders announced Thursday, March 31.
Healthcare venture capital firm Questa Capital led the fundraising round, with additional contributions investment group Radical Ventures. PocketHealth has now gathered $22.5 million and said it will use the latest contribution to hire additional employees, pursue clinical partnerships, and invest in product innovation.
“Consumers now have access to real-time information in every area of their lives except the most important area: their healthcare,” Jordan Jacobs, co-founder and managing partner of Radical Ventures, said in a statement. “We are doubling down on our initial investment because we believe PocketHealth has the product and the team to finally address this important problem and improve outcomes for patients and care providers.”
Founded in 2016, the company offers what it believes is the first “patient-centric” image sharing platform. It allows healthcare consumers to instantly access and share images and records at any time, along with enabling direct sharing between physicians and hospitals. Leaders said more than 600,000 patients and 550-plus hospitals and outpatient imaging centers now use its solution. They estimate the system will house 1 billion images by the end of 2022.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.