Companies Agile Diagnosis, ESO Solutions, Shareable Ink, and Valence Health Receive Fundings This Week

FUNDINGS

A graduate from the Rock Health incubator has recently raised $2 million in funding. The mobile health start up, Agile Diagnosis,developed a “mobile clinical decision support service”, that they hope will be even better than other medical reference apps. The company hopes to raise an additional $1 million in funding to help with this program.

Agile Diagnosis claims that their product will “make clinical guidelines and medical information easier to digest,” and not so text-heavy, as many other services currently available are. The app has specifically been created for the iPad, however, an iPhone app will likely be released later this year and will be offered through a subscription.

The Austin-based health care software creator and distributor, ESO Solutions, received $4 million in funding from Austin Ventures. Because of the great demand from emergency medical services and fire and hospital markets for the software from ESO Solutions, this funding will help to expand the company and its sales and marketing efforts.

The most well-known product offered by ESO Solutions is EMR software that “enables pre-hospital patient care providers to effectively and efficiently document patient care while giving administrators tools to manage personnel, oversee operations and review patient care for quality improvement purposes. The company is also set to release a communication platform that will allow EMS and hospitals to coorespond immediately as well as “aggregate pre-hospital data for use in health information exchanges nationwide.” The funding from Austin Ventures will allow ESO to expand these current products and create new ones.

Shareable Ink, a Nashville-based company, has raised $5 million in series-B funding from Lemhi Ventures. The money raised is meant to go towards more research and development. The CEO of the company, Stephen Hau, said this funding “will be used to expand business operations as well as explore new technology” such as being able to convert hand gestures made into data or implementing voice activation.

An iPad version of the technology produced by Shareable Ink will be relased this year to HCA hospitals.

And finally, Valence Health received a $30 million minority investment from North Bridge Growth Equity. Valence Health is a provider of clinical integration and health plan services, and the money will be put toward accelerating the company by “adding seasoned healthcare talent; investing in strategic sales and marketing initiatives; and expanding its integrated suite of solutions aimed at providing healthcare and lowering costs through clinical integration, quality management, and risk assumption.”

Beyond the investment from North Bridge, the company has helped Valence Health create its Board of Directors by bringing in top healthcare industry figures, including Chris Kryder, Bob Sheehy, George Lynn, Phil Kamp, Todd Stockard, Bill Geary, and Mike Pehl.