FoamA platform that connects hospital teams with postacute providers for care cooperation scored $ 11 million in series B financing led by Fulcrum Equity Partners.
Mutual capital partners also participated in De Ronde.
What it does
With the Olio care coordination platform, the care team of a hospital, including doctors and managers, can obtain information about their patients as soon as they have passed into the postacute setting.
The platform helps clinicians set specialty -specific care goals and fungels data back and forth between care providers and postacute care institutions.
The company will use the funds to expand its product range and to speed up its go-to-market plans.
“At Olio, our mission is to transform healthcare organizations in health care,” said Ben Forrest, CEO of Olio, into a statement.
“The continuous investments of Fulcrum Equity Partners, combined with the support of Mutual Capital Partners, positions us to scale our impact and stimulate meaningful change in industry.”
Market Snapshot
Olio was raised in 2019 $ 2.5 million in seed financing. The company did not disclose the individual investors; However, it specified that Innovatemap Ventures was on the list of financiers.
The company used the funds to scale its technology, to expand in the US and grow its technical, marketing and customer success teams.
Other companies in the long -term care space include Fujifilm, which joined forces last year at the Jungendo hospital in Japan to develop AI that predicts the risk of falls between outpatient patients using hospital data.
In 2023, Andromeda robotics integrated Genai in robotics to transform human-robot interactions by developing empathic accompanying robots, aimed at the elderly and children in hospitals.
The Prototype Humanoid Robot called ABI is designed to communicate with senior residents at elderly care facilities.
Activated by Machine Vision and Chat GPT-4 AI Chatbot, ABI recognizes people, answers questions and tailors conversations based on interactions from the past.
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