(Photo by Stephen Babcock)
On the heels of opening a second office in Kansas City, Tissue Analytics closed on $5 million in Series A funding.
The round was led by San Francisco–based DigiTX Partners. Also participating were Chinese investment giant Tencent, Dreamit, Mölnlycke Health Care, Intermountain Healthcare, and Penn Medicine.
The health IT startup’s platform automatically tracks and measures wounds as they heal, replacing the ruler in most cases. A partnership with Intermountain marked a big step for the company last year. Just last week, the health IT startup announced a partnership with Mölnlycke, a Swedish medical device company with expertise in wound care.
“We look forward to supporting Tissue Analytics’ vision of providing scalable imaging analytics for healthcare providers and its endeavor to fundamentally change how wound and skin care is practiced,” David Kim, CEO of DigiTx Partners, said in a statement.
When we visited the company’s offices above Power Plant Live with a panoramic view of the east side of the city earlier this month, CEO Kevin Keenahan told us about recent expansion that is set to include a hiring push in the first quarter of this year. In Baltimore, the company will look to hire to grow its data analytics team.
Growth of the sales team is also expected in the Kansas City office, which was opened as a result of relationship with electronic medical records giant Cerner. As it seeks to integrate with the EMR systems that are used in hospitals around the country, the company also has partnerships designed to integrate with medical records from companies including Epic, Allscripts and Athenahealth.
Tissue Analytics was founded by Keenahan and CTO Josh Budman. After completing Johns Hopkins’ CBID program, the cofounders entered Dreamit’s accelerator program in Philadelphia before returning to Baltimore.
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