Reston, VA – April 14, 2015 – Avizia, a telemedicine solution-provider, today announced a $4 million investment. The investment will be used to accelerate sales, marketing, and product development. Investors included NextGen Angels, Waterline Ventures, and Middleland Capital.
“We were excited to partner with Avizia when initially investing last Fall and are equally excited to increase our investment based on their remarkable success,” said Dan Mindus, NextGen Angels. “The telemedicine market is estimated at $5 Billion over the next five years. It’s growing increasingly clear that Avizia’s telehealth solution which smartly and intuitively combines carts, software, and peripherals is what hospitals and providers are looking for.”
Healthcare providers are rapidly integrating telemedicine into their clinical workflows as a means of improving healthcare outcomes, dramatically extending the reach of medical practitioners, and improving the efficiency of care delivery. Providers today don’t have what they need to quickly get telemedicine programs off the ground and are forced to cobble together various in-house and vendor hardware and software. Providers are clamoring for a packaged, seamless solution that tightly integrates carts, peripherals, and software – all tied to their EHR and systems of record. Avizia boasts the industry’s first fully integrated telemedicine solution.
“While we hoped buyer response to our product would remain strong, we didn’t anticipate our current pace of growth,” said Mike Baird, CEO Avizia. “We’re thrilled with the ongoing support we have from our current investors as it provides us the capital needed expand the business to meet growing demand.”
Avizia was acquired by American Well in July of 2018. Information on this page refers to activities that occurred prior to the acquisition and are presented for historical context. Together we provide a comprehensive acute care offering—a full end-to-end telemedicine solution for health systems and their providers.