eVisit, is the Arizona-based SaaS telehealth company that provides virtual care platform for hospitals and physicians, has completed US$14 million Series A round in October 2020. The round was led by TVC Capital. Other participants include existing investors Kickstart Seed Fund, University Growth Fund and Jeremy Andrus.
This funding will aid eVisit in rapid expansion within the telehealth industry by adding greater resources to its technology platform and customer care activities. It is a pivotal time for telehealth due to the ever-changing COVID-19 landscape. It is also planning to further enhance its marketing and sales outreach to support the company’s go-to-market strategy.
eVisit has reported that its virtual Care platform is serving more than 100 hospitals and health systems, including some of the largest healthcare enterprises in the US. It hosts a high number of virtual visits and connects providers and patients along with HIPAA compliance. Therefore, its platform enables healthcare providers to deliver efficient and effective patient care.
eVisit’s virtual Care platform is unique among telehealth providers because of its flexible workflow which supports all specialities in healthcare and its end-to-end technology that virtualizes every step of the healthcare process. This includes activities such as scheduling, intake and waiting room management, virtual monitoring, payment and discharge.
Steve Hamerslag, Managing Partner at TVC Capital said, “We are very pleased to have the opportunity to work with this amazing team at eVisit. The telehealth market is exploding with rapid provider and end-user adoption of this critical capability. We were extremely impressed with the depth of this enterprise-class service offering. It was validated by the breadth of adoption by their large and sophisticated customer base. eVisit has an early seat in this expanding market, and we are thrilled to be a part of a journey of helping to improve patient outcomes while reducing cost.”
eVisit is based in Mesa, Arizona. Miles Romney and Bret Larson founded eVisit in 2013. It simplifies healthcare delivery with its highly efficient virtual care platform. It is changing the healthcare delivery model and disrupting the $135 billion dollars primary care market by allowing physicians to get more patients from the Urgent Care and Emergency Room by ensuring no missed appointments, appointments from home etc.
About TVC Capital
TVC Capital is a San Diego-based growth equity firm with US$ 400 million under its management. It focuses on investments and acquisitions of highly driven software firms. Jeb Spencer and Steven Hamerslag founded TVC Capital in 2006. Its previous and current investments include CreatorIQ, HealthCrowd, Perspectium, Celigo, BitTitan etc.
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