MediCardia, a health startup based in Wisconsin, has raised $3 million in seed funding to expand its platform by adding new platforms over the next few months.
Firms like Northwestern Mutual Cream City Venture Capital and Milwaukee Venture Partners participated in the round, with several American and Japanese angel investors also joining. The round brings the total funding raised by the startup since being founded in 2018 to $4 million. Craig Schedler, Managing Director at Northwestern Mutual Cream City Venture Capital, referred to the firm’s participation in the round by stating:
“We are excited to be investing in a local Milwaukee startup focused on digital health. MediCardia has a remarkable vision for the future and the opportunity to drive digital transformation in the healthcare industry.”
The funding will allow the startup to continue pursuing its mission by boosting its IT development efforts for its digital health platform, improving its telehealth, remote patient monitoring, data discretization, and automated chart preparations capabilities.
New features like integration for implantable devices, imaging, a research platform, and a clinical intelligence engine will also be developed as a result of the funding. Jeff Rusinow, an angel investor who will be joining MediCardia as a chairman, said about the startup’s recent success:
“In the past two years, we have launched our MediCardia digital health platform with applications available to a wide array of clinicians with a focus on dramatically improving the user interface, improving outcomes, reducing expenses and increasing revenue while improving clinical efficacy. MediCardia is now positioned for rapid growth.”
According to the CDC, at least one person dies every 36 seconds in the United States as a result of cardiovascular diseases. By facilitating how patients and clinicians connect and monitor their health status, MediCardia is looking to lead a digital health revolution that improves the quality of life of millions of patients around the world.