Florida Funders is a Florida-focused Venture Capital Firm and Angel Investor syndicate with over 1,500 members. Led by successful entrepreneurs and seasoned investors, it partners with its portfolio companies to set them up for success. Its team scours the state of Florida to find the best early-stage ventures across all industries. It blends the best of equity crowdfunding, angel investing, and venture capital to generate strong returns for its investors while supporting the next generation of the Sunshine States' most promising entrepreneurs.

Florida Funders

Asclepius is an investment firm focused on digital health.

Asclepius

UnityPoint Health is one of the nation's most integrated health systems,Their physician-led team of professionals communicates clearly and effectively to address a patient's health care in the most appropriate setting: whether that is a clinic, a hospital or at home. Through relationships with more than 280 physician clinics, 30 hospitals in metropolitan and rural communities, and home care services throughout its 8 regions, UnityPoint Health provides care throughout Iowa and Illinois.Each year, through more than 4 million patient visits, UnityPoint Health, UnityPoint Clinic and UnityPoint at Home provide a full range of coordinated care to patients and families. With annual revenues of $2.7 billion, UnityPoint Health is the nation's 13th largest nonprofit health system and the fourth largest nondenominational health system.

UnityPoint Health

Macdonald Ventures is a tech angel investment company dedicated to building leaders for a better tomorrow. The firm was founded by Steven MacDonald in 2020.

MacDonald Ventures

Tampa General Hospital is a private, not-for-profit hospital and one of the most comprehensive medical facilities. Tampa General is committed to providing area residents with compassionate health care ranging from wellness and primary care to the most complex specialty care and post-acute services. With four medical helicopters, they are able to transport critically injured or ill patients from 23 surrounding counties to receive the advanced care they need.

Tampa General Hospital

Sands Capital is an active, long-term investor in innovative growth businesses. The approach combines rigorous fundamental analysis with inspired thinking to seek out businesses that are creating the future. They operate through two affiliates: Sands Capital Management, which focuses on investing in companies in the public market, and Sands Capital Ventures, which focuses on investing in companies in the private market. By enabling clients to participate in the growth of these businesses, its mission is to add value and enhance their wealth with prudence over time.

Sands Capital Ventures

Comcast Ventures is the venture capital affiliate of Comcast Corporation and partners with extraordinary entrepreneurs building transformative consumer and enterprise companies.

Comcast Ventures

Based on legislation created in 2007 and launched in 2008, the Florida Opportunity Fund (FOF) provides venture capital to emerging Florida companies, leverages additional capital resources, builds relationships with experienced entrepreneurs to lead growth companies, and partners with other organizations to strengthen the early-stage finance ecosystem in Florida. FOF is a not-for-profit corporation and, by statute, is not an instrumentality of the State of Florida. FOF was created because the Florida Legislature found there was a need to increase the availability of seed capital and early stage venture equity capital for emerging companies in the State, including, without limitation, enterprises in life sciences, information technology, advanced manufacturing processes, aviation and aerospace, and homeland security and defense, as well as other strategic technologies.

Florida Opportunity Fund

Acronym Venture Capital invests into unconventional funding rounds in NYC and Rising Markets with a preference for first time and diverse founders. We are an opportunistic fund investing into Late Seed and Series A rounds of Enterprise SaaS and Omni-channel consumer brands that have achieved at least $1m in ARR. We are a value-add fund and invest only when we can leverage our network to assist with revenue generating relationships, recruiting talent, partnership introductions, follow on capital etc. for our portfolio companies. Please note that we do not invest in companies that touch MUSH = Municipality, Utilities, Schools or Hospitals.

Acronym Venture Capital

HealthSnap

HealthSnap is an integrated Virtual Care Management Platform that helps healthcare organizations improve patient outcomes, reduce utilization, and diversify revenue streams. From chronic disease-agnostic Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) to AI-guided care coordination, virtual care delivery, automated care management billing, population analytics - and so much more - HealthSnap is the simplest way to manage chronic conditions remotely.

Miami-based HealthSnap provides a remote patient monitoring and chronic care management platform for chronic diseases such as hypertension, diabetes, and heart failure. The company's platform offers a turnkey solution to healthcare providers by offering pre-configured health tracking devices, clinical and nonclinical patient support, along with alert and risk triaging services. The company's platform also supports AI-based care coordination and includes functions to carry out virtual primary care consultations. Healthsnap's solution also integrates with over 80 electronic health record solutions and offers a patent-pending solution for automated remote patient monitoring-related billing called 'Eligibility Reports'.

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

HealthSnap Announces National Remote Patient Monitoring and Chronic Care Management 2024 Clinical Outcomes Report

Miami-based HealthSnap provides a remote patient monitoring and chronic care management platform for chronic diseases such as hypertension, diabetes, and heart failure. The company's platform offers a turnkey solution to healthcare providers by offering pre-configured health tracking devices, clinical and nonclinical patient support, along with alert and risk triaging services. The company's platform also supports AI-based care coordination and includes functions to carry out virtual primary care consultations. Healthsnap's solution also integrates with over 80 electronic health record solutions and offers a patent-pending solution for automated remote patient monitoring-related billing called 'Eligibility Reports'.The company offers its platform to healthcare providers on a subscription basis, where healthcare providers would utilize the technology, connected devices, and care platform to provide remote patient monitoring services to patients. The company's platform is HIPPA-compliant and HITRUST-certified.As of February 2024, the company notes that it has three patents for its remote patient monitoring-specific revenue cycle automation, and its platform has the capabilities to integrate itself with more than 80 EHRs. Key customers and partnershipsThe company has enterprise partnerships with healthcare systems including Montefiore Health System, UnityPointHealth, Prisma Health, Mayo Clinic, and Virginia Cardiovascular Specialists.Funding and financialsIn February 2024, the company raised USD 25 million in a Series B funding round led by Sands Capital, along with participation from other venture capital firms. The funds raised were to be used to continue assembling HealthSnap’s national clinical team, accelerate its product roadmap, and begin development of its AI-based population health analytics solution. Post funding Scott Frederick, a Managing Partner at Sands Capital, joined HealthSnap's board of directors.

<div>
 
 Nice Healthcare is a US based telehealth company with a focus on primary care services to business-to-business (B2B) clients. Once the employer signs its employees with Nice (at a cost of USD 30 to USD 36 per employee per month), employees do not have to incur out of pocket expenses for Nice services and can schedule virtual or home visits within the time frames specified by the company. It connects patients with practitioners through a mobile app over video calls or text messages. Members can also request home visits which will be completed within a few hours, as claimed by the company. As of March 2022, Nice was operating in twelve states, and had over 400 small and medium enterprises (SMEs).
 
 
 In March 2022, the company raised USD 30 million in Series A financing led by DNA Capital which has been earmarked to expand its platform&rsquo;s reach among small and medium businesses. Additionally, the company is hiring three members for its management team to support the continuing growth of the organization.
 
 
 
</div>

Nice Healthcare

Amicomed is a cloud-based Software-as-a-Service (SaaS) platform which provides blood pressure monitoring services. It collects blood pressure data of patients from at-home devices, applies algorithms, and assesses the fluctuations in the blood pressure. Physicians can be connected and provided with blood pressure data of their patients in order to facilitate their workload, enabling more personalized management of patients regarding medication and lifestyle indications.Amicomed can also recommend actionable and personalized lifestyle interventions such as daily diet and exercises via virtual coaching.

Amicomed

Winston is a men’s health telemedicine platform that treats common issues impacting men such as sexual problems, hair loss, acne, and cold sores. Winston allows patients to consult doctors, place orders for prescription drugs, and offers free delivery to the homes of patients.The Toronto-based company aims to avoid men deferring doctor visits or withholding sensitive information. The consultation fee is covered by the provincial health plan, but the prescriptions are billed to the customer.

Winston

<div>
 
 Dialogue partners with employers and health insurers to offer telehealth services to their employees and members. The users have 24/7 access to doctors, nurses, and other healthcare professionals via audio, video, and chat options for wide arrays of physical and mental health needs, artificial intelligence-enabled (AI-enabled) triage, referrals, and prescription renewals. 
 
 
 The company launched its trademarked Integrated Health Platform in January 2021 to consolidate its virtual care, wellness programs, mental healthcare services, and Employee Assistance Program (EAP) onto a single platform. The company claims to be the only integrated health and wellness B2B platform in Canada. 
 
 
 Key Customers and partnerships
 
 
 Dialogue had direct relationships with over 2,000 customers across Canada and Germany as of December 2020 and served around 50,000 organizations through these partnerships. In addition, the number of members with access to the virtual platform topped 1 million in January 2021. 
 
 
 Fundings and financials
 
 
 As of March 2021, Dialogue was planning to raise CAD 100 million (USD 80 million) from an initial public offering that will be listed on the Toronto Stock Exchange under the ticker symbol &ldquo;CARE.&rdquo; 
 
 
 In Q2 2023, net losses reduced significantly YoY to CAD 5.8 million (USD 4.3 million) from CAD 8.4 million (USD 6.3 million) in Q2 2022. Top-line revenue met internal expectations, growing 17.2% YoY to CAD 25.5 million (USD 19.0 million), driven by &nbsp;an increase in new members (by 18.6% YoY), 
 an expansion of the attach rate as existing customers added more services, and full-quarter contributions from Tictrac.
 
 Dialogue Health has not provided any forward-looking guidance as the company has entered into an agreement to be 
 <a href="https://investors.dialogue.co/English/news/news-details/2023/Dialogue-to-be-Acquired-by-Sun-Life/default.aspx">
 acquired by financial services company Sun Life Financial
 </a>
 for a consideration of CAD 365 million (USD 270 million) or CAD 5.15 (USD 3.82) per share. The transaction is expected to close in Q4 2023. Post acquisition, Dialogue will delist from the Toronto Stock Exchange but will continue to operate as a standalone entity under the &ldquo;Sun Life Canada&rdquo; brand from its head office in Qu&eacute;bec. 
 
 
 
</div>

Dialogue

Grin offers telemedicine and remote monitoring services for orthodontic needs such as braces and teeth straightening. Patients can conduct self-scans (using a Grin device made available to patients in collaboration with 3M) which can be connected to their smartphones and share the feed with orthodontists to access dental solutions. The company plans to go to a subscription-based model after the pandemic. The app also encourages patients to have a 40-second check monthly and share the scan with a dentist in order to allow patients to regularly maintain their dental hygiene.Grin is the only Telehealth disruptor covered on the hub that provides virtual orthopaedic consultations.Funding and financialsIn April 2021, the New York-based teledental platform concluded a seed funding of USD 14 million, and the funds will be allocated to develop additional functionalities by building out its technology. The proceeds will also be used to scale up its team, expand its geographic footprint, and add doctors to the company’s orthodontic partner network.

Grin

Real-time collection of patients’ health-related data using any remote patient monitoring device combined with general telemedicine services to reduce readmission rates. 


A platform that facilitates the transmission of patient data to different locations for further evaluation and interpretation by medical specialists. 


A digital platform that offers specialty care services to address the specific needs of a patient or demographic, including consultations where patients are generally reluctant to meet practitioners face-to-face.

Primary care through virtual consultations for general health-related concerns using a digital platform or mobile app. 

Companies developing B2B software solutions for patient engagement, care navigation, practice management, and electronic health records integration to facilitate telehealth services for healthcare providers. 

IoT is used by most telehealth providers to operate virtual services

All telehealth players are involved in digital health via virtual offerings

Industry players offer varying degrees of personalization for each target audience

Some players offer technology and platforms to healthcare providers, converting physical-only services into virtual services

Specific telehealth offerings focus on diversity and inclusion, providing care to LGBTQ+ or BIPOC populations

Generative AI is used to streamline administrative tasks such as clinical note-taking

ANALYST_QUICK_TAKE

<div>
 
 HealthSnap, a health tech company based in Miami, has raised USD 25 million in a Series B funding round. The round was led by Sands Capital and saw participation from other venture capital firms, taking HealthSnap's total funding to USD 48.5 million.
 The company plans to use the funds for expanding its national clinical team, accelerating its product roadmap, and starting the development of its AI-based population health analytics solution.&nbsp;
 Scott Frederick, managing partner at Sands Capital, will join the board of directors at HealthSnap following the funding round.
 As of February 2023, HealthSnap boasts three patents for remote patient monitoring-specific revenue cycle automation. Additionally, its platform is capable of integrating with more than 80 EHRs.

</div> Analyst QuickTake: 
 Today's funding follows several key developments in 2023. These include HealthSnap securing partnerships with UnityPoint Health and Prisma Health, having its clinical outcomes data recognized at the American Heart Association's Scientific Sessions, publishing its Hypertension Patient Outcomes report in partnership with Prisma Health and Virginia Cardiovascular Specialists, and having positive provider and patient experiences drive over 300% growth in patient programs.

HealthSnap

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