Reveal HealthTech raises $4 mn in seed funding from W Health Ventures, an investment firm with a focus on healthcare. This marks the first investment by W Health Ventures in the healthcare technology services segment.
Reveal HealthTech intends to use the funds raised to expand its operations, increase its customer base, recruit talent, and develop its foundational technology capabilities. The company’s primary objective is to provide healthcare-specific engineering excellence, clinical expertise, and strategic insights to promote the deliberate adoption of technology in creating new Digital Care RePathways.
Co-founded by Sanchit Mullick, Salim Afshar, and Andrew Bravo, Reveal HealthTech is a technology services provider that partners with healthcare firms worldwide, with a particular focus on the United States. The company offers engineering, clinical, and strategic support to its partners and has established partnerships with 150,000 engineers who have developed products for the US healthcare industry.
With the US healthcare sector‘s technology spending growing at a Compound Annual Growth Rate (CAGR) of 13% and healthcare regulations constantly changing, there is a clear need for an agile and sector-focused technology services company. Pankaj Jethwani, a Partner at W Health Ventures, asserts that Reveal HealthTech’s unique approach, which prioritizes understanding the challenges faced by other healthcare companies, makes them an ideal candidate to drive positive change toward a tech-driven healthcare ecosystem.
Reveal HealthTech’s CEO and founder, Sanchit Mullick, has emphasized the essential role of technology in revolutionizing the healthcare industry. Mullick believes that the integration of technology in creating innovative Digital Care Pathways requires partners who can provide healthcare-specific engineering expertise, clinical proficiency, and strategic insights. To address this need, Reveal HealthTech offers its services to the industry, allowing it to become a leading player in this domain.
W Health Ventures’ global expertise and focus on health tech have been invaluable contributions, according to Mullick, in providing Reveal HealthTech with an advantageous position to overcome industry obstacles. Ultimately, Mullick envisions technology at the forefront of healthcare transformation. Through strategic partnerships and innovation, Reveal HealthTech aims to make this vision a reality.
The seed funding from W Health Ventures is a significant milestone for Reveal HealthTech. It will allow them to develop their technical capabilities further and expand their customer base, positioning them as an ideal player to drive positive change toward a tech-driven healthcare ecosystem.
In conclusion, Reveal HealthTech is a promising player in the healthcare industry. Mullick’s vision for technology to lead healthcare transformation, along with W Health Ventures’ contributions, sets the company on a trajectory for success. With the seed funding, Reveal HealthTech can continue to innovate and make significant contributions to the industry.