Seattle Children’s EHR management software publisher MDMetrix has now raised $4m in all following a seed round backed by the investment arm of Washington Research Foundation.
MDMetrix, a US-based electronic health record (EHR) management software spinout of Seattle Children’s Hospital, has obtained $3m in a seed round co-led by WRF Capital, the investment arm of commercialisation firm Washington Research Foundation, GeekWire reported on Tuesday.
Seed-stage fund Founders’ Co-Op and venture capital firm Arnold Venture Group also co-led the round.
Founded in 2016, MDMetrix runs a medical data management software platform that enables clinical practitioners to easily locate relevant information from their patient’s EHR.
The software has a central dashboard known as the ClinOps Control Center through which the user can access artificial intelligence (AI)-driven analytics. MDMetrix aims to offer greater functionality than internal EHR databases hosted by healthcare providers.
The company was founded by its chief medical officer, Dr Dan Low, an anaesthesiologist at Seattle Children’s Hospital with expertise in healthcare IT systems. It will use the seed capital to continue implementing its strategy and to strengthen its AI capabilities.
The spinout has raised a total of $4m following the latest round, according to GeekWire. It received $760,000 of a targeted $1.9m equity round in 2018, according to a regulatory filing.
