Validic, the US-based provider of a cloud-based platform for patient data, secured $12.5m for a series B round led by Kaiser Permanente Ventures, the corporate venturing subsidiary of healthcare consortium Kaiser Permanente, yesterday.
SJF Ventures and Greycroft Partners also participated in the round, according to the Wall Street Journal. The funding will be used to expand Validic’s team and product.
Founded in 2010, Validic has developed a cloud-based platform that enables the integration of, and quick access to, patient data from in-home medical devices, wearables and applications that can then be shared with healthcare providers.
Validic has expanded into 47 countries so far, and more than 175 fitness and medical devices and applications have been connected to its service. Its clients include pharmaceutical companies, insurance providers, wellness establishments and healthcare technology corporations.
Greycroft and SJF co-led a $5m series A round for Validic in August 2014. The company previously attracted $2.1m in seed funding from a range of angel investors across several rounds between 2011 and 2013.
Jordan Kramer, director of Kaiser Permanente Ventures, said: “Kaiser Permanente Ventures is committed to partnering with entrepreneurs to advance clinical quality, service and affordability.
“Leveraging technology to engage consumers and transform healthcare is a key priority for us. Validic fits well with that strategy.”