W Health Ventures, a healthcare-focused VC that invests in and grows tech-enabled early-stage healthcare companies, has provided $4 million in seed funding to Reveal HealthTech, a company that develops healthcare technology.
The company will utilise the capital to invest in further improving its service suite, establishing a larger client base, and expanding its hiring process, training, and development efforts, as per reported by PRNewswire.
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Sanchit Mullick, Founder and CEO, Reveal HealthTech says: “Healthcare is the largest sector in the US economy and has significant labor shortages, not just among clinicians but also from an engineering perspective. As technology takes center stage in driving healthcare transformation, the industry needs partners that can help drive purposeful adoption of technology in building new Digital Care Pathways. At Reveal HealthTech we seek to address this need by providing healthcare-specific engineering excellence complemented by clinical expertise and strategic insights. W Health Ventures’ global expertise and focus on the health-tech sector gives us an inside track on the challenges faced by the industry and will help accelerate our journey to being an industry leading player in this domain.”
Reveal HealthTech is a company that develops healthcare technology whose mission is to maximize patient health by removing technology as a constraint to healthcare innovation.
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Speaking about the investment, Pankaj Jethwani, Partner, W Health Ventures, said, “As believers in the transformative impact of technology on healthcare, we recognize the challenges in its development and implementation. With technology spending in the US healthcare sector growing at 13% CAGR, and healthcare regulations constantly changing, there is a clear need for an agile and sector-focused technology services company that understands the challenges faced by other healthcare companies. Reveal’s differentiated approach makes them the ideal player to catalyze the positive change towards a tech-driven healthcare ecosystem. We’re thrilled to partner with Sanchit and his leadership team, who possess extensive expertise in technology, healthcare strategy, and care delivery.”
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About Reveal HealthTech
Healthcare organisations can receive support with specialised engineering, clinical model development, and strategic planning from Reveal HealthTech.