Participated · Series A · Jan 2023

KeyCare is a Chicago-based national virtual care organization built on the Epic electronic health record platform. Its technology integrates directly into existing clinical workflows and data infrastructure, enabling health systems to offer virtual visits that are coordinated with in-person care. By embedding into Epic, KeyCare helps providers maintain continuity of records, scheduling, and billing while giving patients a seamless telehealth experience. The company focuses on improving patient and clinician satisfaction through streamlined virtual encounters and robust data sharing. With new capital, KeyCare plans to deepen its investment in AI-enabled capabilities, enhance its platform features, and scale operational capacity to meet rising demand from health-system partners. To date, the company has raised more than $55 million.

Participated · Equity · Nov 2022

Validic builds a digital health and remote care platform that converts personal health data into actionable insights to strengthen care delivery and patient engagement. Led by CEO Drew Schiller, the company supplies solutions used by healthcare providers, health plans and health IT companies to deliver personalized chronic condition management, remote care and support for healthy living. Customers named in the article include Mass General Brigham, Cleveland Clinic, Mayo Clinic and CVS Health. The company said it will use new funding to continue investing in its digital health and remote care platform. The report does not disclose specific operating metrics such as revenue or user counts. Validic is a cloud-based digital health platform that provides access to patient data from in-home clinical devices, wearables and patient healthcare applications. Launched in 2010 by CEO Ryan Beckland and based in Durham, NC, the company connects providers, pharmaceutical companies, payers, wellness firms and health IT vendors to digital health technologies. Its FDA Class I MDDS technology delivers actionable, standardized and HIPAA-compliant consumer health data from mobile health devices and applications. Validic integrates with over 175 fitness and clinical devices and applications. The platform is used to coordinate care across communities, improve patient engagement strategies and manage patient populations. The company raised $12.5M in Series B funding and intends to use the proceeds to continue to grow operations. Validic operates an API platform that links mobile health apps and consumer devices to healthcare organizations such as hospitals and insurers. The platform aggregates individual health data recorded via mobile apps and devices ranging from the Nike Fuel Band to in-home blood pressure monitors. By simplifying data collection, Validic opens new doors for remote patient monitoring and preventative healthcare. The company plans to deploy the platform to over 20 million people by the first quarter of 2014. Financially, Validic closed a $5 million Series A round co-led by Greycroft Partners and SJF Ventures. The company is based in Durham, NC. Validic is a Durham, NC-based provider of a technology platform for accessing data from mobile health and in-home devices, wearables and patient healthcare applications. The platform connects customers — providers, pharmaceutical companies, payers, wellness companies and health systems — to mHealth technologies to help coordinate care, improve patient engagement and manage populations. The company closed a $1.25M convertible note and has now raised $2.1M in total. Management said it will use the funding to grow and expand the business. The company is led by co-founder and CEO Ryan Beckland. In conjunction with the raise, Validic hired John Turnburke as senior vice president of business development, Chris Edwards as senior vice president of marketing, and Ben Clark as vice president of operations. Validic operates an API platform that connects individual health data from mobile apps and devices to healthcare organizations. The platform links data sources ranging from consumer wearables like the Nike Fuel Band to in-home blood pressure monitors. Customers include hospitals, health insurers and other healthcare organizations that consume patient-generated data. The company is led by CEO and co-founder Ryan Beckland. Validic recently secured external funding and has commercial traction, evidenced by a contract with Viverae to integrate Validic data feeds into Viverae's Health Management System. The company is based in Durham, North Carolina.

Participated · Series A · Oct 2022

TSOLife offers an AI-driven resident insight and experience platform (Minerva) that converts resident interviews into structured, actionable data to guide real-time decisions in senior living communities. Its platform captures more than 300 data points per resident and claims a 650% improvement over traditional interview methods, enabling deeply personalized engagement, satisfaction tracking, and sales enablement features. TSOLife reports having gathered social and quality-of-life data for over 125,000 residents and partners with major operators including Benchmark Senior Living, Brookdale Senior Living, Sagora Senior Living, Priority Life Care, Senior Resource Group, Vitality Senior Living, and Commonwealth Senior Living. The company says its work strengthens social drivers of health (connection, purpose, engagement) and can extend residents’ length of stay by more than six weeks. TSOLife plans to use recent growth capital to accelerate product development, enhance its AI capabilities, and expand customer support to operationalize personalization across communities. The platform also includes customizable tools such as inclusivity calendars, digital signage, resident and family apps, satisfaction surveys, and real-time analytics to help communities differentiate to prospects. TSOLife provides an AI-based business intelligence platform called Minerva that creates dashboards and personalized tools for senior living staff. The platform uses artificial intelligence to turn prospect and resident knowledge into actionable insights and to accelerate decision-making. TSOLife partners with senior living communities across the nation to deploy Minerva. The company intends to use the Series A proceeds to accelerate development of the Minerva platform. TSOLife is led by CEO David Sawyer. The financing status and use of funds indicate a focus on product development and scaling adoption within the senior living market.

Participated · Series C · Aug 2020

PayActiv is a San Jose-based employer-sponsored earned wage access and holistic financial wellness platform delivered via a mobile app. Led by CEO and co-founder Safwan Shah, the certified B Corp and Public Benefit Company provides multiple ways for users to access earned wages — direct cash pickup, a PayActiv prepaid card, instant Visa or Mastercard debit load, ACH payments, bill payments, Amazon purchases, and Uber rides. It also offers AI- and machine learning-backed financial wellness and planning tools to help users save, budget, and manage money. The company serves more than 4 million employees at over 1,000 businesses across retail, food services, business processing services, and over 400 senior living and healthcare businesses; clients include Walmart, Wayfair and Ibex Global. PayActiv secured $100M in Series C financing and has structured an expandable variable funding facility with Security Benefit. The company says the combination of growth equity and the VF Facility will enable expansion of its customer base and support current clients with financial wellness benefits to improve employee engagement and retention. PayActiv offers a mobile, employer-delivered financial wellness platform that provides earned‑wage access, bill pay, budgeting and savings tools, discounts, and financial counseling and education. The company reports settling more than $100 million in earned wage access transactions each month and estimates employees avoid about $10 million per month in overdraft, late fees and interest charges. PayActiv says it has grown six-fold in the past year and has signed distribution agreements such as with Walmart (covering 1.4 million associates) and an ADP agreement that opens services to more than 600,000 businesses. Founded in 2012 and based in San Jose, the company positions itself as an alternative to payday loans, overdrafts and other high‑cost short‑term credit. PayActiv plans to use new capital to expand its platform, accelerate growth and develop additional high‑impact solutions for financially stressed workers. The company emphasizes employer ROI through improved retention, productivity and recruitment as part of its value proposition. PayActiv is a Silicon Valley–headquartered financial-technology company and certified B Corp that offers employer-delivered financial wellness services through its cloud-based MyMoNow solution. MyMoNow lets employees access earned-but-unpaid wages (up to $500) instantly and includes free bill pay, bank transfer, budgeting, and savings tools. The solution is delivered as an employer membership benefit, requires no credit checks, can typically be live within one to two days, and imposes no out-of-pocket cost or cash-flow risk on employers. PayActiv positions its product as an alternative to payday and other high-cost small-dollar lending, aiming to reduce financial stress and improve productivity, retention, and related employer costs. Following strong growth in 2015, the company has secured $9.2 million in financing to expand and enhance its suite of turnkey employment-based financial wellness offerings. Founded by Safwan Shah, PayActiv emphasizes serving lower-income workers and measuring employer benefits through reduced absenteeism and improved employee satisfaction.

Participated · Equity · Oct 2019

AVIA is a Chicago-based partner for digital health insights, strategic guidance, and consulting services that helps health systems navigate healthcare digitization. Members of the AVIA Innovator Network access market intelligence, collaborative initiatives, and consulting to accelerate digital transformation. The company supports clients with digital roadmaps, board- and executive-level strategy work, and the AVIA Connect platform to link participants. AVIA focuses on building next-generation digital front doors, virtual health, Medicaid transformation, automation to unlock workforce capacity, and addressing consumerism, population health, and risk-based arrangements. It serves more than 50 healthcare organizations nationwide and counts 12 member-owner health systems. AVIA recently raised $22 million to expand its services, topical coverage, and markets. AVIA is a consulting firm that connects large hospital systems with startups to accelerate adoption of new technologies and address strategic business issues. The company screens potential partners and builds road maps to shorten procurement and contracting timelines. AVIA has grown its membership to 22 health systems whose networks operate more than 350 hospitals. In two-and-a-half years AVIA expanded headcount from 10 to 36 employees and plans to double headcount in the next year. Financially, AVIA raised a $7.2 million Series C in 2016 and had previously raised $6 million two years earlier. The firm is based in Chicago and sells strategic advisory services to its hospital members.