Canadian medical technology startup PocketHealth has secured a $33m investment in a Series B funding round.
Venture and growth equity investment platform Round13 Capital led the all-equity financing round, with new investors Deloitte Ventures and Samsung Next making contributions.
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The fundraiser also saw continued support from existing investors Questa Capital and Radical Ventures.
As part of the investment, Round13 Capital principal Miranda Ferris secured a seat on PocketHealth’s board of directors.
PocketHealth has now raised more than $55.5m in equity to date.
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The company will use the capital injection for its efforts to ‘transform’ the sharing of medical images, personalise patient care journeys through AI and expand its presence across the US and Canada.
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By GlobalDataPocketHealth also plans to double its staff headcount within the next two years to support these objectives.
Founded in 2016 by brothers Harsh and Rishi Nayyar, PocketHealth is a patient-centric image exchange platform that currently supports more than 1.5 million patients across 775 healthcare provider sites in North America.
The platform aims to offer healthcare providers a secure, next-generation solution for exchanging diagnostic images with patients and external providers.
It allows images to be shared instantly across any network or the creation of a local network of PocketHealth Community Gateways for automated image exchange, eliminating the need for outdated methods such as CD-ROMs.
PocketHealth has secured contracts with health systems and outpatient imaging groups such as UofL Health, University Health Network and Radiology Partners.
Rishi Nayyar said: “We’ve proven that when patients gain access to diagnostic-quality imaging and our industry-leading AI helps them understand their records, they are empowered to advocate for their care.
“The end result is increased patient satisfaction, a faster image-sharing process for providers, and greater patient retention.
“Now, our goal is to make PocketHealth accessible to every patient at every provider across North America.”
