Participated · Convertible Note · Apr 2014

DrChrono offers a platform combining EHR, practice management, medical billing, revenue cycle management and partner API solutions for medical practices. The company is used by thousands of physicians and its providers care for over 28 million patients. DrChrono reports it has facilitated millions of appointments and processed more than $11 billion of medical billing to date. The company intends to expand its telehealth offerings, grow operations, and enhance its EHR, practice management, medical billing and partner API areas. Its product set targets operational and revenue-cycle needs for modern medical practices. The platform and services are positioned to support continued growth in digital care delivery and billing volume. DrChrono develops a platform and services for modern medical practices to enable more informed, interactive, and personalized care decisions. The open DrChrono Platform powers electronic health record (EHR), practice management, medical billing, and revenue cycle management solutions for physicians and patients. It is fully extensible via an API and a marketplace of applications and services. The platform is currently used by thousands of physicians and over 17.8 million patients. The company raised $20M in growth funding from Orix Growth Capital. DrChrono intends to use the proceeds to invest further in its technology platform (EHR, medical billing and API) and to expand engineering, sales, and support functions to increase market share. DrChrono offers an integrated EHR and practice management platform with medical billing, revenue cycle management and a patient portal. The product includes customizable medical forms, e-prescribing, real-time patient eligibility checks, an App Directory of healthcare apps and an API for developers. The company has built native experiences for iPad, iPhone, Apple Watch and the web. Led by Daniel Kivatinos, Co‑Founder and COO, DrChrono serves physician practices and integrates billing and practice workflows. The company raised $10M in venture debt to support growth and technology investment. DrChrono intends to use the funds to accelerate growth, expand engineering, sales and support, invest in its technology platform and grow market share. drchrono provides an integrated medical practice management platform handling electronic medical records, billing, and scheduling for small practices. The company has been listed among the fastest-growing private companies and says it has served more than 8 million patients and processed over $3.5 billion in medical claims. drchrono is an Apple mobile enterprise partner, enabling integration of patient information on iPads, smartphones and the Apple Watch. It has integrated with larger service providers such as ZocDoc and DemandForce. The company plans to expand its software and mobile applications into larger hospitals and medical clinics to win customers leaving legacy EHR platforms. drchrono reports $12 million in annual recurring revenue and will use the new funding to accelerate marketing and build out infrastructure. drchrono offers a mobile electronic health record (EHR) platform that lets providers access and input patient medical data directly from Android and iOS devices. The company also operates a patient-facing app called onpatient that allows patients to track medical data and receive health updates from their doctor. drchrono has extended its platform to wearable devices with physician- and patient-facing Apple Watch apps and added Touch ID support for iPad and iPhone to improve security and convenience. In a Black Book survey of more than 30,000 physicians, drchrono was ranked the number one mobile EHR. Financially, the company has raised $2 million in its latest financing and has taken in at least $8.25 million in total funding to date.

Participated · Seed · May 2012

PlanGrid offers cloud-based construction software that lets contractors, architects and owners collaborate on plans, specs, photos, RFIs and punchlists from desktop and mobile devices. The platform enables instant sharing of plans and markups across project teams and has a mobility partnership with Apple to extend field capabilities. Led by co-founder and CEO Tracy Young, PlanGrid claims usage on more than 300,000 projects and stores over 30 million construction documents. The company emerged from Y Combinator in 2012 and is headquartered in San Francisco. PlanGrid will use the newly raised funds to invest in research and development to enhance its product and mobile offerings. PlanGrid is a mobile construction-management application that digitizes blueprints and functions like a Google Docs for plans, letting project teams view and collaborate on drawings. The app was built with the iPad in mind and now runs on both iOS and Android, with offline collaboration for jobsites with limited connectivity. Customers use PlanGrid to share plans, markups, photos and reports with entire project teams. The company reports 650,000 users, both free and paid, and has grown to about 150 employees. PlanGrid positions paper as its primary competitor and says there is substantial room to grow across the U.S. and internationally. Its roadmap calls for expanding the app to cover broader construction workflows, including team collaboration, planning and project management. PlanGrid offers an iPad app and cloud service that replaces printed construction blueprints with an easy-to-update, shareable digital workflow. The product includes features such as pinning photos to blueprints, attaching PDFs to individual sheets, retina support, shared markups across devices, automatic camera uploads to the cloud, and a web-based PDF renderer. Since launching its first app in March, the company says it is being used on over 2,900 construction projects worldwide and has paying users across many U.S. states as well as in Australia, Mexico and Canada. The team has rolled out multiple feature updates and a redesigned UI, and a new version of the app with more enhancements is with Apple. PlanGrid plans to use the new funding to expand its team and add more features to make the product stickier for in-field users. Ryan Sutton-Gee is a co-founder and CEO, and the company was a participant in Y Combinator’s March 2012 class.