Ziegler Link-Age Fund II, a joint venture between senior data provider Link-age and investment bank Ziegler, has contributed to a $15m funding round for US-based telehealth system provider Forefront Telecare.
The company closed the round following an extension of undisclosed size led by Tech Council Ventures and Boston Millennia Partners. It added to an undisclosed amount of funding raised from Ziegler Link-Age Fund II and Spring Lake Equity Partners in January 2019.
Forefront operates a health services platform that provides virtual psychiatric and psychological services remotely to senior living facilities across 17 US states using telehealth systems.
The funding will be used to grow the company’s network of behavioural health professionals, further develop its platform and support its expansion into additional states. It had previously raised $310,000 in 2010 and $660,000 the following year, both from unnamed investors, according to securities filings.