Bonfire Analytics Raises Oversubscribed $2M Venture Round to Accelerate Digital Health, Medical Device, & Biotech Adoption Across Healthcare Providers

Bonfire Analytics Closes its First Venture Round to Scale its AI-Driven Sales Intelligence Platform for Healthtech Companies along with Building a Powerful Foundational Dataset Consisting of 300M+ Lives Worth of Medical & Prescription Claims, 2M+ Providers, and 1,000+ Population Health Variables Bonfire Analytics announces the closing of its first venture round with key institutional investors including Impulsum Ventures, Wedbush Ventures, and Plug & Play Ventures, along with participation from the Alchemist Accelerator and Venture For America. The round will fuel product and growth initiatives to further Bonfire’s mission of accelerating healthtech adoption such that life-saving digital tools, devices, and therapeutics get into the hands of patients faster than ever before. Healthtech is a burgeoning part of the healthcare industry and has rapidly risen in value. Already worth $350 billion in 2019, the industry is expected to continue increasing given our rapidly aging population and that national healthcare spend is almost 20% of the GDP, as well as the surge in new digital tools, devices, and therapeutics that can drive better patient outcomes. However, a major bottleneck for the healthtech industry is the inability to sell effectively into the healthcare provider and plan markets. Whether they are digital health, medical device, biotech, or pharma companies, healthtech has costly and inefficient sales processes that often stem from a lack of foundatio...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Alchemist Accelerator Bonfire Analytics Ed Wilson Health IT Funding Health IT Fundings Health IT Investment Impulsum Ventures Jaya Pokuri Plug & Play Ventures Venture For America Vinay Nagaraj Wedb Source Type: blogs