HOBOKEN, N. J., July 15, 2020 /PRNewswire/ — Noteworth, a first-of-its-kind Digital Healthcare platform for modernizing Digital Medicine delivery operations, today announced a $5 million oversubscribed seed funding round led by Laconia Capital Group with participation from Draper Associates, Frontier Ventures, Techstars Ventures, Wavemaker360, Springtide Capital and Runway Ventures. The funding will be used to expand operations of their digital medical technology and make strategic hires necessary to meet the growing demand from healthcare providers and patients.
With this new investment, the company will continue to build upon the delivery of Noteworth’s first-of-its-kind Digital Healthcare platform. The platform provides a number of beneficial capabilities including expanded access to care in order to eliminate the barriers to care by putting health services into the patient’s hands. One of the main goals for the company is working to extend patient engagement by providing clinicians with the tools to communicate directly with patients through video, chat and push notifications. The Noteworth platform works to help reduce costs by decreasing readmissions and the use of high cost services with timely interventions. In addition, Noteworth will help clinicians obtain new reimbursements to generate additional income for new streams of revenue.
“The positive response and support of our strategic investors reflects a shared belief that digital medicine is the future of healthcare delivery,” said Justin Williams, Co-founder and CEO of Noteworth. “With this new round of funding, Noteworth will continue to establish our ability to quickly and efficiently help healthcare providers