Telemedicine Startup Avizia Raises $4M to Expand Staff, Explore Acquisitions


Story by Stephanie Baum

Just a couple of months after it acquired Emerge.MD, telemedicine startup Avizia has raised fresh capital for an aggressive expansion plan this year. It raised $4 million,according to a Form D filing with the Securities and Exchange Commission.

In an interview with DC Inno, Avizia CEO Mike Baird said the funding will be used to speed up development, add to its workforce and explore potential acquisitions. He said nearly 2 million patients use its telemedicine platform and many hospitals use its software. It wants to expand the range of service lines it provides including critical care, cardiology “and to drive deeper integrations with electronic health record platforms.”

It plans to add 25 more staff across software, sales, development engineers and clinical implementation specialists, which would bring its employees to 80, according to the article.

Among its investors are NextGen Angels, Blu Venture Investors, and Middleland Capital. To date, Avizia has raised about $6 million.

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