New York-based digital health startup’s new seed financing led by TEXO Ventures and Prolog Ventures
NEW YORK—April 13, 2016—CareDox, the leader in student health technology, today announced $2.8 million in Series Seed funding led by TEXO Ventures and Prolog Ventures and a $1.5 million venture debt agreement with Western Technology Investment. The new equity and debt funding brings the company’s total to $6.9 million.
CareDox also announced today that it now serves more than one million public school students across 28 states with free digital health technology for school nurse and health programs.
US public schools are on the front lines of pediatric public health with over 50 million students enrolled — a patient population larger than Medicare and five times the size of Kaiser Permanente. CareDox works with 2,000 schools and school nurses across the US to provide for easy, secure access to important student health data online. It also connects local health organizations and parents to critical student health information.
“School health programs save lives” said Hesky Kutscher, Founder and CEO, CareDox. “As a nation, we need to recognize the crucial role that public schools play in both medical care and prevention for the pediatric health of over 50 million children. CareDox’s digital health platform facilitates unprecedented speed and efficiency for school districts, giving key stakeholders—such as parents, local and state health officials—a real-time solution that fits their needs. We’re thrilled to have support from the teams at TEXO and Prolog to lead the charge on creating a unified health record for every family.”
CareDox’s student health record platform is offered to public schools free of cost. With student enrollment, charting, and immunizations, the system helps K12 public school nurses deliver care to students and keep them safe. Parents stay connected with crucial alerts and reminders. As the fastest-growing school health platform in the country with 1.1 million students enrolled, the system provides robust reporting and analytics for district leaders and connects with key health systems and registries. With CareDox’s proprietary technology, important health data can now be shared with parents, state and county health officials, and other health organizations, dramatically reducing complexity, time spent, and cost.
Currently, public schools in the US using CareDox:
- – Manage the health of more than 1.1 million students
- – Help administer more than 10,000 medications per week
- – Log more than 10,000 medical encounters per week
- – Are located in 28 states
“CareDox’s vision, passion and thoughtful execution of transforming the student health care model embody all that we look for in a portfolio company,” said Randall Crowder, Managing Partner at TEXO Ventures. “CareDox addresses a very real problem for not only schools, but for an entire healthcare ecosystem in the US. The platform will drive true efficiency and life-saving insights into a process that has been painfully manual for far too long.”
With this funding, CareDox will continue their focus on growth in the public school sector. The company is expanding sales and engineering functions at its New York City office and developing new strategic partnerships with leaders in the field of pediatric health. The company’s long-term vision is to create a unified health record for every family.
CareDox, the health technology leader in education, delivers free digital health tools for K12 public schools. With over 1 million students under care, it helps school nurses track student health, keep students safe and connect with parents. To learn more, visit http://www.caredox.com