Noteworth, a Hoboken-based digital health care platform, announced on Wednesday a $5 million seed funding round to expand its digital medical technology operations and make new hires.
The investment is being led by Laconia Capital Group with participation from Draper Associates, Frontier Ventures, Techstars Ventures, Wavemaker360, Springtide Capital and others.
“The positive response and support of our strategic investors reflects a shared belief that digital medicine is the future of healthcare delivery,” Justin Williams, co-founder and CEO of Noteworth, said. “With this new round of funding, Noteworth will continue to establish our ability to quickly and efficiently help healthcare providers launch our digital medicine technology platform offering to better serve their patient populations remotely.”
One of the main goals for Noteworth is to expand on patient engagement by providing clinicians the tools they need to communicate effectively through video, chat and push notifications. Noteworth will also help clinicians obtain new reimbursements to generate more revenue streams.
“Noteworth is a rising star in the field of digital medicine,” David Arcara, managing partner of Laconia Capital Group, said. “Their ability to provide unprecedented healthcare data collection, assessment and proactive intervention across all current digital healthcare information silos, consistent with our investment thesis focused on digital workflow transformation, is what prompted our investment in this critical technology that is modernizing healthcare delivery. Laconia invests in companies that pioneer the digital transformation from legacy software and manual workflow processes into 21st century cloud-based platforms.”