US-based telehealth technology producer Avizia closed its series A round at $18m on Wednesday having received approximately $1m from healthcare provider Northwell Health.
Avizia raised $11m from Blue Heron Capital, Lavrock Ventures, NextGen Venture Partners, Middleland Capital, Waterline Capital and Blu Ventures in July 2016 before adding $6m from care provider NewYork-Presbyterian Hospital and HealthQuest Capital in November.
Northwell provided its share through corporate venturing subsidiary Northwell Ventures as part of a strategic channel partnership agreement sealed by the companies. The equity funding was closed together with $3m of debt financing and a $1.5m credit line from Silicon Valley Bank.
Avizia’s telehealth platform uses software and video devices to coordinate care provision, help collaboration between care providers and assist patients in engaging with treatment.
The company’s technology will be integrated into more than 550 Northwell outpatient practices and 21 hospitals across the New York area.
Martin Doerfler, senior vice-president of clinical strategy and development for Northwell, said: “Northwell Health is working diligently to provide the best care to our community as efficiently for patients and providers as we can.
“We believe that our enterprise telehealth partnership with Avizia will allow us to develop a robust, direct-to-consumer telehealth platform that will provide care to the individuals we serve within their homes and businesses for a range of different conditions.”
– Image courtesy of Avizia, Inc.