Wellsheet raises $3.8 mn led by SpringTide Investments

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July 1, 2020

Wellsheet raises $3.8 mn led by SpringTide Investments

Wellsheet, an Electronic Health Record (EHR) company, has raised $3.8 million in Series A Funding led by SpringTide Investments.

BioAdvance and Newark Venture Partners joined the round. Wellsheet had earlier raised $2.2 million from angels and seed-stage funds, including Real Life Innovations.

Wellsheet raised $6 million to date.

Wellsheet generates recurring subscription revenue through a Software as a Service (SaaS) model serving health systems. Its customers include over 40 hospitals to date.

Craig Limoli is the CEO and founder of Wellsheet.

Wellsheet will use the new funds for expanding its engineering and go-to-market teams and extending the Wellsheet platform to enable cross-platform offerings and support health systems as they transition to new care models.

Wellsheet’s  clinical workflow platform pulls data from the EHR, prioritizes clinical content through machine learning algorithms, and optimizes the provider workflow, anticipating the needs of the doctor to help facilitate a more effortless episode of care.

It assembles the right information in an intuitive workflow that allows doctors and nurses to arrive at the right clinical insights.