Verto Health, an end-to-end healthcare data connectivity and data sharing platform raised $2 million Seed funding.
The Verto platform is based on digital twin technology. It leverages smart integrations to connect hospital information systems, electronic medical records, laboratory information systems, devices, and mobile app data, making it easier to access relevant information appropriate to a patient’s current stage of care.
More than 50 hospitals, clinics, and long-term care facilities use the Verto platform according to the company.
“Digital twin technology has been deployed in other industries to improve data sharing, interoperability, and efficiency, and I was confident that similar technology could be applied to the healthcare sector,” said Michael Millar, CEO, who founded Verto Health after 15 years working in healthcare information technology. “COVID-19 has only accelerated digital transformation in healthcare, so we looked to partner with leading investors to support our rapid growth.”
MaRS Investment Accelerator Fund, an early-stage venture capital firm based in Toronto, led the seed round with participation from Verstra Ventures, Amplify Capital and strategic angel investors in the digital health space.
Matan Hazanov, Vice President of Verstra Ventures, added, “What piqued our interest in Verto was its ability to address the decades-old interoperability and care coordination problems in healthcare without modifying existing EMRs or workflows.”
Verto Health, based in Toronto, Ontario, employs more than 20 people. The seed funds will help further develop the digital twin technology platform.
Digital Health companies raised $6.3 billion during the first half of 2020. Recently, Abacus Insights, data integration and interoperability platform provider that enables health plans and their providers to create a more personalized healthcare experience for consumers, raised $35 million Series B funding led by Blue Venture Fund.
Image Credit: Verto Health