US-based patient communication platform developer Luma Health has raised $16m from investors including healthcare provider Texas Medical Center and Cisco Investments, networking technology provider Cisco’s corporate venturing subsidiary.
The round was led by growth equity firm PeakSpan Capital and also featured InHealth Ventures, a venture capital affiliate of medical diagnostics provider InHealth Group, and VC firm US Venture Partners (USVP).
Founded in 2015, Luma has developed a mobile platform that allows patients to locate medical doctors and other healthcare services and schedule appointments through the app. Healthcare providers can also send reminders and follow-up instructions to users via text.
Luma co-founder and chief executive Adnan Iqbal said: “This latest round of funding will help us expand and get more patients to the care they need while also helping healthcare clinics and systems modernise their patient communication.”
The company had previously received $6.3m in a May 2018 series A round led by USVP that included Stanford-StartX Fund, the investment vehicle of Stanford University-affiliated accelerator StartX, and unnamed existing investors.
