Categories: Funding

AVIA Secures $7.2M Series C Financing

The company raised $7, according to Crain’s Chicago Business. 2 million, led by Froedtert, a hospital system based in Milwaukee Other investors included Rush University Medical Center, Peoria-based OSF Healthcare, Providence Health & Renton Services, Wash. St and St. Luke University Health Network, Bethlehem, Pa. Like Chicago-based venture funds, Jump Capital and Jumpstart Ventures Avia raised $6 million two years ago

Avia has grown to 22 members, large hospital systems that pay the firm strategic advice and to screen potential new technology or innovation partners that can help control costs, improve treatment and increase revenue. ‘Health systems are really getting to grips with it and are serious about transforming their businesses,’ says Founder Eric Langshur.

In two and a half years, the company has grown from 10 to 36 employees. With the new investment, Avia plans to double its headcount in the coming year. Its members operate more than 350 hospitals, up from about 70 years ago.

Avia connects the nation’s largest hospitals with startups. The pitch for both is that it can dramatically reduce the time it takes for them to find the right partners and get down to business. ‘We start with their strategic plan and business issues, and we’re developing a road map,’ Langshur said. ‘How do we help them compress time and make it more efficient?’

He points to a recent case in which a large health system and a technology start-up make the hospital a tool to communicate with patients after they have been discharged from the contract in two months. ‘This is remarkable for health care,’ Langshur said.

Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/AVIA/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co

Arpit Jain

Based in Japan and India. Has led to 1 successful fundraise in Japan. Been working the space of Venture Capital and Private Equity for the last 3 years.

Leave a Comment
Share
Published by
Tags: INVC

Recent Posts

Commentary on HealthTech Startups in Singapore

Singapore has always had a progressive healthcare system with prioritizing innovative solutions to the existing…

3 years ago

What are Ponzi Schemes?

A Ponzi scheme is a fraudulent investment scheme that aims to give its investors high…

3 years ago

Commentary on Prop Tech in China

According to the Global Prop tech Survey, 2019 published by KPMG one of the key…

3 years ago

How do shell companies operate?

In April 2016, the world witnessed one of the biggest information leaks in history, consisting…

3 years ago

Singapore based cybersecurity company Silent Eight raises $8.8M

Silent Eight a global technology company that helps combat money laundering and terrorism financing using…

3 years ago

Retail-tech startup Gully Network Raises $1.2 Million

Indian startup Gully Network Retail Pvt Ltd, a retail-tech startup focused on providing services to…

3 years ago