https://technical.ly/dc/wp-content/themes/national Babyscripts raises $6M in new investment round, led by Philips - Technical.ly DC

Business

Jan. 8, 2019 11:25 am

Babyscripts raises $6M in new investment round, led by Philips

The D.C.–based developer of a virtual care platform for managing obstetrics plans to expand in the U.S.

The Babyscripts team in 2017.

(Courtesy photo)

D.C.–based Babyscripts, a startup that developed a virtual care platform for managing obstetrics, announced a $6 million strategic investment round this week led by international health tech company Philips. New York–based StartUp Health and Nashville-based healthcare angel investment company NueCura Partners also participated in the new round of funding.

Since its inception in 2014, Babyscripts’ virtual care platform has helped OBGYNs deliver prenatal care using web devices for remote monitoring to manage pregnancies virtually and detect risks quicker. The D.C.-based startup said it will partner with the Mother/Baby unit of Philips Healthcare to build an extensive, clinically-validated virtual care obstetrics and pediatrics platform to support holistic care for mothers in pregnancy and postpartum care. This aligns with the company’s recent acquisition of pregnancy app iBirth.

Royal Philips focuses on improving health and enabling better outcomes across the health continuum through delivering integrated solutions with health tech companies to provide insights and more advanced tech. Babyscripts said it currently manages more than 150,000 pregnancies across 20 states. The company intends to use the new funding to update its tech and expand its footprint in the United States through Philips’ established customer base in mother and child care, and extend the ability to engage patients over the first three years of life after birth.

Advertisement

“This funding will help us continue to acquire market share while also allowing us to focus on building even more products for patients in pregnancy,” Babyscripts CEO and cofounder Anish Sebastian said in a statement. “We are excited to partner with a group like Philips — this is a great validation of our vision for obstetrics: a risk based model that we’ve coined ‘precision prenatal care’.”

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

LifeFuels closed Series A funding before heading to CES this week

How this Philly-based real estate tech company is expanding its team in the District

Data Coalition founder Hudson Hollister launches consulting firm for data companies

SPONSORED

DC

Join our Technical.ly Match beta, an opt-in alternative to recruiting

DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now
Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

Techstars and The Nature Conservancy are accepting applications for Sustainability Accelerator

The Motley Fool raises more than expected for its first outside venture fund

Power Moves: Hatch welcomes two hires, 2U adds a member to its board of directors

SPONSORED

DC

TEDCO’s Builder Fund is closing the investment gap for more entrepreneurs

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!