Last week Validic, a data integrator for payers, providers, preventive wellness companies and pharma, received $1.25M in convertible note funding from SJF Ventures. Recently profiled by guest columnist Lois Drapin [TTA 27 Jan], in August 2013 they received $760,000 in seed funding and are bridging with this to their Series A. According to Mobihealthnews, they are building out their team and adding three senior executives in marketing, business development and operations. They are also presently registered as a Class 1 MDDS device with the FDA. Styling as a mobile health conduit for payers, providers and preventive wellness seems to be a persuasive position. Also CrunchBase.
On the other side of the continuum is Castlight Health with a Friday IPO that raised $180 million and eventually created a valuation for the company at a blindingly bright $3 billion. Not bad for a company with but $13 million in 2013 revenues and $100 million in forward customer contracts. Castlight’s tech platform enables employers to manage healthcare costs better and for employees provides better information for making decisions based on quality, pricing and convenience. Here at the top of the market is another attractive position–drive down big enterprise healthcare cost. Mobihealthnews
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