Ellie, MDEmergency medical companies telemedicine firm introduced it has secured $14 million in Sequence A funding, bringing its complete funding to $25 million.
The spherical was led by First Cressey Ventures, with participation from Common Catalyst. Seae Ventures, Techstars, Alumni Ventures and Crimson & Blue Ventures additionally participated within the spherical.
what it does
MD Ally companions with public security techniques and medical insurance payers to supply digital response choices for emergency medical companies.
The corporate’s platform permits first responders and emergency service dispatchers to immediately join people with non-emergency points to telemedicine, social companies and in-network assets.
The corporate will use the funds to broaden its work with public security and payer companions, broaden care coordination partnerships and improve its expertise.
“This funding marks a serious milestone for MD Ally,” MD Ally founder and CEO Shanel Fields mentioned in an announcement. “With the assist of latest companions like Frist Cressey, in addition to present investments like Common Catalyst “With the continued assist of our trade leaders, we’re able to recruit extra unbelievable expertise, broaden our attain throughout the nation, and efficiently deal with challenges that lead to over $31.5B in extra prices yearly.”
Market overview
MD Ally acquired $3.1 million in seed funding in 2021.
A 12 months later, the corporate introduced a partnership with Lee County, Southwest Florida’s largest county, to make use of MD Ally’s expertise for its 911 emergency companies.
In 2023, emergency medical companies supplier Falck introduced a partnership with the corporate to broaden digital care companies for EMS sufferers.
One other firm centered on enhancing emergency medical companies workflow is New York-based data-driven emergency response platform RapidSOS, which closed a A brand new spherical of financing of US$75 million in 2022 will deliver the overall financing to greater than US$250 million.
