Participated · Equity · Feb 2020

Pyx Health offers an evidence-based, data-driven loneliness solution that pairs scalable app-based technology with timely, skilled human interventions to improve mental and physical health outcomes. The company serves more than 6 million covered lives, ages 13 to 102, across more than 70 markets in nearly 30 states and works with nearly all major payers as well as government, employer and community health plans. Founded in 2017, Pyx Health positions its product as a non-clinical, science-based approach to address social determinants of health and to reduce healthcare costs associated with loneliness. The company emphasizes health equity and targets vulnerable populations where provider shortages make non-clinical interventions necessary. Pyx plans to accelerate growth and scale its operations with support from its new strategic partner, leveraging technology, human support, and payer relationships. Pyx Health offers a digital platform, a Compassionate Support Center, and an online bot that uses ongoing, evidence-based feedback and pathways to provide emotional support for people suffering from social isolation and loneliness. The platform supports human interventions tailored to individuals' needs, including assistance with social determinants of health such as access to food, housing, transportation, and prescription medication. Pyx has more than doubled its user base and achieved 2,000% growth since 2019 and is contracted with four of the top five national health plans while expanding into the employer market. Its services have been shown to reduce healthcare utilization costs, producing an 11% reduction per member per month in emergency department and inpatient spending and a reported 46% reduction in inpatient costs. Following a strategic investment from Rallyday Partners, Pyx plans to enhance and scale service offerings, recruit additional talent, and accelerate technology development. The company is based in Tucson, Arizona and is led by founder and CEO Cindy Jordan. Pyx Health builds a mobile app (debuted in 2018) centered on a chatbot named Pyxir that engages patients at risk of loneliness or social isolation after hospital stays and other care transitions. Pyxir tells jokes, asks questions, and is designed to run on phones seniors commonly use; the company also operates a call center that reaches out when the app's screening tools indicate additional help is needed. Payers in Medicaid and Medicare refer patients to the service; the app is free to patients with costs covered by payers, though the company declined to disclose payer pricing. The app has nearly 4,000 users; Pyx reports that about 70% of people contacted download the app and 83% use it nearly every day for a month. A case study from a Southwestern health plan of 81 Medicaid users showed a 46% net reduction in inpatient spending versus 200 matched non-users, and a larger 400/400 study is underway. Pyx expects to book $5 million in revenue this year, reported $2.1 million for the 18 months ending in December, and plans to grow headcount from 22 to 40. The company was founded in 2017 and is based in Tucson, Arizona; Cindy Jordan is founder and CEO.

Participated · Series A · Dec 2018

Allbound provides a next-generation PRM platform that simplifies onboarding, training, measurement, and growth for indirect sales partners, automating delivery of marketing content, sales tools, and training across the pipeline. The company says customers have sold more than $100 billion through its platform and that it has shortened sales cycles by over 60%. Allbound reports over 300% growth in annual recurring revenue since 2019. Its customer roster includes Box, Gainsight, and GE. Management plans to use newly raised capital to accelerate investments in sales and marketing and to fund further enhancements to the PRM product. Forrester estimates the channel software market will grow from $3.2 billion in 2022 to $5.7 billion by 2026 at a 15% CAGR, and Allbound says it is outgrowing that market. Allbound provides a SaaS Partner Relationship Management (PRM) platform that enables companies to build partner programs focused on partner enablement, communications and pipeline management. The platform works as a layer in a company’s technology stack by integrating with tools companies already use, such as their CRM. The company raised $3.61M in a Series A led by Canal Partners, bringing total funding to date to $7.4M. Allbound says it intends to use the funds for product enhancements. The Series A included participation from KLH Venture Partners, Tallwave Capital, Arizona Founders Fund and Stout Street Capital. Jim Armstrong, founder and CEO of JDA Software, will join Allbound’s board and Wain Kellum will join as Executive Chairman.

Participated · Equity · Jun 2017

eVisit offers a HIPAA-compliant telehealth platform that powers virtual care workflows and acts as a digital extension of brick-and-mortar care delivery networks. The platform is used by large-scale healthcare organizations, hospitals and integrated delivery networks, with customers including Banner Health, Texas Health Resources Group and Concentra. Led by CEO Bret Larsen, the company focuses on enabling virtual care at scale for health systems and IDNs. eVisit intends to use new funding to scale sales and marketing efforts and to further invest in its technology platform and capabilities. The product emphasizes enterprise-grade compliance and workflow integration for large healthcare customers. The company is based in Mesa, Arizona. eVisit is a Phoenix-based SaaS telehealth company led by Co-Founder and CEO Bret Larsen that provides a Virtual Care platform supporting all specialties via end-to-end technology. The platform virtualizes scheduling, intake and waiting room management, the virtual visit, payment and discharge, and offers government-grade security, EHR integration, analytics and reporting. eVisit partners with large health systems and provider groups across the U.S. to accelerate their virtual care strategies and simplify healthcare delivery. The platform is serving more than 100 hospitals and health systems and is hosting hundreds of thousands of virtual visits within a HIPAA-compliant environment. The company completed a $14M Series A and intends to use the funds to enhance marketing and sales outreach and to expand development efforts. eVisit provides a platform and mobile app that enable HIPAA-compliant, two-way HD video conferencing for physicians and patients. Its physician workflow functionality includes patient self-scheduling and on-demand visits, charting, ePrescribe, reimbursement tools, chat, reporting, HD video quality, and integration with more than 20 EHRs. The platform is designed to help physicians increase patient affinity, optimize patient flow, and monetize after-hour visits while helping patients reduce wait times and access their doctor from home, work, or after hours. The company is led by founder and CEO Bret Larsen. eVisit raised $2m in early stage funding. The company intends to use the funds to scale its sales, marketing, and support teams. eVisit provides a physician-first telehealth solution that enables healthcare providers to treat patients remotely via an online video chat platform accessible on web and mobile. The company was co-founded by Bret Larsen (CEO) and Dr. Glen McCracken. eVisit has 13 employees. It raised $1M in seed funding to support product development and go-to-market activities. The company intends to use the funds to continue enhancing its telemedicine platform and to ramp up sales and marketing efforts. The business is based in Phoenix, Arizona.