Fields' Votive Health announces its formal launch after raising $2.5M
From our Women's PE Briefs - week commencing May 3, 2021
Fields' MD Ally raises $3.5M in a seed round
Investors ring the bell for a first response telehealth solution founded by Shanel Fields. Based in New York City, MD Ally raised $3.5 million in a seed round to expand the scope of 9-1-1 dispatch and first response services including providing access to virtual care for callers with non-emergency concerns. Led by General Catalyst with participation from Seae Ventures, this latest round brings MD Ally’s total funding to $4.5 million.
In a statement, Shanel said “this latest funding will further enable us to realize our vision of a virtual response system that helps reduce ambulance wait times, decrease crowding in emergency rooms and ensures equitable health care outcomes for all. We look forward to partnering with and supporting the vision of forward-thinking public safety leaders looking to drive innovation across 9-1-1.”
As the daughter of a volunteer EMT, Shanel is focused on eliminating the logistical barriers that often prevent impactful partnerships between 9-1-1 and the broader health care ecosystem. Designed by public safety professionals specifically for transitioning patients from an emergency to a virtual care setting, the company’s technology integrates with existing 9-1-1 workflows to minimize disruption, training times and personnel strain, ultimately enhancing the patient experience.
Fields' Votive Health announces its formal launch after raising $2.5M
A company founded by Torrie Fields raises funds to deliver complex care at home. Votive Health announced its formal launch after raising $2.5 million from Flare Capital Partners, Chrysalis Ventures, OCA Ventures, Elusive Ventures and the Teleios Investment Group.
Votive is a technology enabled network manager delivering complex care at home for people facing serious illness. Based in San Luis Obispo, Calif., Torrie founded the company with a team of health care insiders who share a passion for solving issues for patients living with a serious illness that are the result of the fragmented health system in the U.S.
In a statement, Torrie said “too often patients facing a serious illness receive unnecessary and expensive services that don't meet their physical, social, or existential needs, and which add to the financial stress and burden on the family. Patients don't get the personalized care they need while costs to payers and providers continue to grow. We're solving that disconnect by bringing complex care home.”
Prior to Votive, Torrie served as head of palliative care at Blue Shield of California and Cambia Health Solutions and worked as a management and actuarial consultant for health plans, purchasers, and academic centers evaluating the impact of palliative care on achieving the Institute for Healthcare Improvement’s Triple Aim.
TAGNOS appoints Minton president and CEO
A venture-backed medical technology software company promotes Sheila Minton. TAGNOS has selected Sheila as president and CEO. In this role, she has already expanded the current team by hiring experienced leadership professionals to manage the sales and marketing, account management, clinical solutions and product management departments. She brings more than 15 years of leadership experience in health care consulting and project management.
Based in Los Angeles, TAGNOS is a medical technology software company that empowers hospitals to orchestrate health care with increased situational intelligence, workflow optimizations and improved asset utilization. The company has received funding from such investors as Benhamou Global Ventures, Morpheus Ventures and Zebra Ventures.
Bakst named CEO of Modern Meadow after $130M Series C round
A company specializing in biofabrication appoints former Kate Spade executive Anna Bakst as CEO following a new funding round. Anna was tapped to lead Modern Meadow after it secured $130 million in Series C funding led by Key Partners Capital with participation from Astanor Ventures, Horizons Ventures and Cape Capital.
Based in Nutley, N.J., Modern Meadow is focused on bringing environmentally responsible products to market. Anna had served as chair of Modern Meadow’s board. She has more than 25 years of experience building and leading teams for American fashion houses. While on Modern’s board, she served as brand president and CEO of Kate Spade.
In a statement, Anna said that Modern Meadow has developed “a technology platform with nature that can save nature. The heart of our company will always be research and innovation. We’ve now reached an inflection point where products built on our platform can beat industry standards on quality and value. I’m excited to work with our team and partners to bring those products to market.”
Blackstone invests in Johnson's Hotwire
Blackstone invests in a company co-founded and led by Kristin Johnson. The amount invested by Blackstone in Hotwire Communications was not disclosed. Founded by Kristin and Michael Karp, Hotwire is a fiber network that delivers Internet and telecommunication services to high-rise multi-dwelling units, gated communities, and homeowners’ associations across Florida, Georgia and the Carolinas.
In a statement, Kristin said that “Blackstone’s broad reach will help Hotwire to continue to scale as a premier provider of telecom and Internet services during a time when digital services are playing an increasingly vital role in all our lives.”
Blackstone has $649 billion in assets under management including investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds.
Dean's PHC raises $8M in seed funding
A company co-founded by Dr. Charity Dean to protect communities against infectious disease has launched after raising capital. The Public Health Company raised $8 million in seed funding from Venrock, Verily, and Sweat Equity Ventures.
PHC has developed a platform which systematically combines real-time data, containment best practices, genomic epidemiology and unparalleled public health expertise to give organizations recommendations to strike the critical balance between the continuity of operations and the safety of employees and clients.
Charity is a former assistant director of the California Department of Public Health. She founded PHC with Brian Levine, who is CFO and a former partner at Goldman Sachs.
In a statement, Charity said, “the COVID-19 pandemic reinforced how disruptive uncontained disease outbreaks can be to business operations, the normal functioning of society, and the health and well-being of millions. But today most organizations still take a reactive instead of a proactive approach to the risk management of communicable disease, and most companies just don't know where to start when it comes to balancing keeping their people safe with being able to operate. We founded PHC to help organizations manage that risk.”
Eilat-Raichel's Sorbet raises $6M in seed funding
A company co-founded by former L’Oréal executive Veetahl Eilat-Raichel secures seed funding to optimize accrued paid time off. According to TechCrunch, Sorbet has raised $6 million in a seed funding round led by Viola Ventures, with participation by Global Founders Capital and Meron Capital.
Based in Tel Aviv, Israel, Veetahl created Sorbet to take the burden of paid time off from employers and allow employees to spend it, giving employers more control and the ability to forecast its impact on the business. The platform syncs with calendars, HR and payroll systems, identifies habits and proactively suggests pre-approved 3 to 6 hour “micro breaks” and 1 to 4 day “micro vacations.”
Murphy's Bold Orange makes an acquisition
Bold Orange, a private equity-backed, brand-focused company whose founder and CEO is Margaret Murphy, makes an acquisition. Terms of Bold Orange’s purchase of Three Deep Marketing were not disclosed.
Based in St. Paul, Minn., Three Deep provides performance marketing solutions, including Salesforce Marketing Cloud implementation and optimization services.
In February 2018, Bold Orange received capital from Mountaingate Capital and acquired Great Lakes Scrip Center, a gift card fundraising company.
Dolifka's Watermill Express has been acquired by Brentwood Associates
A company co-founded by Lani Dolifka to provide safe drinking water in a drive-up format has been acquired by a private equity firm. Terms of Watermill Express’ purchase by Brentwood Associates were not disclosed.
Lani and her husband, Don, founded the Brighton, Colo. company in 1984 after finding that their tap water was unsafe to drink. Over its more than 35-year history, Watermill has supplied safe drinking water and ice to more than 10 million people and saved nearly 15 billion single-use plastic water bottles from going into the nation’s landfills.
Lani and Don will maintain a significant minority ownership stake post-transaction. In addition, as part of the transaction, a multimillion-dollar charitable fund will be established to provide support to underserved areas of the country in need of safe drinking water.
Brentwood Associates is a Los Angeles-based private equity investment firm investing in middle-market growth-oriented consumer and technology-enabled business services companies.
Paknad's WorkBoard raises a $75M Series D round
WorkBoard, a provider of enterprise strategy and results management whose co-founder and CEO is Deidre Paknad, raises more capital. SoftBank, through its Vision Fund 2, led the Redwood City, Calif. company’s $75 million Series D round, which also included Capital One Ventures, SVB Capital and existing investors Andreessen Horowitz, M12, Workday Ventures and GGV. Tiffany Luck, a vice president with GGV, is an observer on WorkBoard’s board. The new round comes a little over a year after it raised a $30 million Series C round.
WorkBoard’s platform enables companies to align on outcomes and cohesively measure results across the organization. Its customers include Malwarebytes, Go1, Cisco, Reliance Industries, Transamerica and GE. Deidre started WorkBoard in 2013 after being vice president of Information Lifecycle Governance Solutions at IBM, which acquired her prior company, PSS Systems.
Rock Mountain Capital bites into Curcio and Perlongo's BuggyBeds
Rock Mountain Capital bites into a company founded by Maria Curcio and Veronica Perlongo to repel bedbugs. Rock Mountain is acquiring a majority stake in VCM Products, LLC. Terms were not disclosed, but Maria and Veronica will remain active as significant minority owners.
Based in Freehold, N.J., VCM owns the BuggyBeds trademark and line of natural pest repellent, bed bug glue trap and bedding encasement products. Maria and Veronica appeared on “Shark Tank” and declined all offers from every investor on the show. In a statement, Maria and Veronica said that they see Rock Mountain Capital as having the ability to “bring the BuggyBeds brand to the next level.”