The Venture Codex

Led · Series B · Aug 2020

Bridge Connector provides a suite of vendor-agnostic integration solutions and a full-service delivery model to help health care vendors, providers, and payers share data between disparate systems such as EHRs and patient engagement platforms. The company offers Destinations, an integration-platform-as-a-service (iPaaS) that uses use-case-based interoperability blueprints to speed integrations with major vendors. Its integration layer avoids forced data models or proprietary APIs, enabling connections across data models without standardization. Bridge Connector says the funding will support increased market share in health care interoperability and growth of Destinations. The company reported over 1000% year-over-year growth in 2019 and was on track for 800–1000% growth in 2020. Recent collaborations with stakeholders including Epic, Allscripts, Salesforce, and MuleSoft aim to expand its centralized hub of integration solutions. Bridge Connector provides an integration-platform-as-a-service (iPaaS) and data-driven workflow automation to address health IT interoperability challenges. Its core product creates an ecosystem of easily replicable connectors that link disparate health data systems quickly and cost-efficiently. The company recently introduced Destinations, a no-code integration platform designed to modernize creating integrations and automating workflows, unveiled at the HLTH Conference. Destinations' user interface does not require technical coding expertise, aiming to save providers and digital health companies the expense of dedicated IT teams or consultants. The company increased total financing to $25 million after a $5 million investment intended to support scalability and the Destinations launch, and it plans to close a Series B in the second quarter of 2020. Bridge Connector targets integration of mission-critical platforms such as EHRs and CRMs to unlock clinical and operational insights across the care continuum. Bridge Connector, founded in 2017 by CEO David Wenger, offers a data-driven workflow automation platform aimed at addressing healthcare IT interoperability challenges. Its core product is an integration platform as a service (iPaaS) with additional offerings to connect disparate systems quickly and cost-efficiently. The company enables workflow automation for both business and clinical use cases and seeks to improve transparency and interoperability among providers, payers, and patients. Bridge Connector positions its solutions to give patients more control over their data to make informed care choices and improve outcomes. The company plans to use new funding to further technology advancements, differentiate product verticals, and grow its sales, technology, and product teams. It maintains offices in Palm Beach Gardens, Fla., Knoxville, Tenn., and San Francisco. Bridge Connector offers an integration platform as a service (iPaaS) that provides full-service, streamlined integration solutions for healthcare organizations, regardless of the platform used. The company’s product frees up internal resources so clients can focus on core business initiatives. Leadership is led by CEO and founder David Wenger and Chief Strategy Officer Howard Jenkins. Bridge Connector is based in Palm Beach Gardens, Florida, and operates additional offices in Knoxville and Nashville, Tennessee. The company plans to use new funding to expand sales, marketing, and client-services and to accelerate the platform’s growth to address industry-wide interoperability gaps. As part of that growth, Bridge Connector is expanding its team from 45 employees to more than 100 developers, sales representatives, and support staff by year-end. Bridge Connector offers an integration platform that automates data transfer between disparate systems, connecting CRM, EMR and other healthcare systems. The company charges clients a monthly subscription—typically $500 to $3,000 per month per integration—that includes updates and maintenance. Bridge Connector is a Salesforce partner and serves behavioral health facilities, hospitals, a 100-location nursing home chain in Michigan, and a 40-location skilled nursing facility in New York. The startup launched in May 2017, has headquarters in Palm Beach Gardens, Florida, and offices in Knoxville and Nashville, Tennessee, and has been active in the market since January of this year. It grew from six employees in January to 25 employees and says its solution is affordable, full service, and largely invisible to end users. The company aims to be the platform of choice for integration in healthcare and to change the way healthcare operates through interoperability.

Led · Series A · Feb 2018

Vreal is a VR-native live-streaming startup that fully re-renders games so viewers are dropped into a shared virtual world they can navigate as avatars. The product is designed from the ground up for VR rather than converting 2D streams, enabling viewers to stand beside streamers, get bird’s-eye views, and chat with other onlookers. The team is focused on making the experience pleasant for streamers and developing tools to export VR experiences to traditional services so streamers don’t have to double their work. Vreal’s pre-alpha is available for users running Vive or Rift, and the company plans to add mobile support as it prepares for a wider launch. CEO Todd Hooper said the VR streaming segment is still small today but could grow into a new gaming segment with blockbuster titles. Financially, Vreal announced an $11.7M Series A and has raised around $15M to date according to Crunchbase.

Led · Series A · Sep 2017

Hyliion develops an electrification solution that instantly hybridizes Class 8 vehicles by adding an intelligent electric drive axle. The product targets long-haul, over-the-road trucking and can be retrofitted onto existing trucks or installed on new vehicles. Its technology focuses on reducing fuel consumption and emissions. The company is led by CEO Thomas Healy and was founded in 2015. Hyliion is based in Pittsburgh, PA. Management says it will use new funding to support production, expand its product line and further invest in its proprietary technology platform.