Stanford Law School has participated in early funding for Medchart, split across seed and series A rounds.
Medchart, a US-based electronic health records platform developer, collected $17m in seed and series A funding today from investors including Stanford Law School at Stanford University.
Crosslink Capital and Golden Ventures co-led the round, which also featured Vast Ventures, Union Ventures, iGan Partners and Nas. The company did not provide a breakdown of the two rounds.
Medchart’s cloud-based health information platform enables businesses to safely and securely access patient-authorised digital health information for purposes such as insurance underwriting or legal claims.
The money will go towards product development and recruitment. Matt Bigge, partner at Crosslink, has joined the board of directors.
James Bateman, co-founder and chief executive of Medchart, said: “Medchart’s automation and efficiency unlocks new generations of digital transformation and analytics to business processes that remain slow, expensive and paper-based.
“Our mission is to revolutionise the way legal, insurance, researchers, and other professionals access medical records in a fraction of the time. Through our cloud-based platform, direct electronic health information connections, and advanced analytics, we are transforming the medical record access process for businesses beyond patient care.”
