This precision medicine company just raised $5M to help save preemies - Technical.ly Philly

Business

May 7, 2019 1:07 pm

This precision medicine company just raised $5M to help save preemies

Astarte Medical, a Bucks County-based company, will use the funds to continue work on its NICUtrition platform, a set of digital tools and diagnostics for neonatal intensive care units.
CEO Tracy Warren (left) and COO Tammi Jantzen.

CEO Tracy Warren (left) and COO Tammi Jantzen.

(Courtesy photo)

Astarte Medical, a Yardley, Pa.-based software company in the precision medicine space, announced Tuesday it raised a $5 million Series A round led by Keiretsu Forum MidAtlantic.

The company, founded in 2016 by former investors Tracy Warren and Tammi Jantzen, will use the funding to complete the development of its flagship product: NICUtrition, a suite of digital tools and diagnostics that supports feeding protocols, practice and decision-making in neonatal intensive care units (NICUs).

Ben Franklin Technology Partners, Viking Global Investors LP, Lunsford Capital, OCA Ventures, Keiretsu Capital Fund, Wing VC and Next Act Fund also joined the round.

“This funding will bring us one step closer to completing our suite of solutions to support unmet needs in the NICU to drive better preterm infant outcomes such as improved growth and minimized risk of infection,” said Warren, who also serves as the company’s CEO.

According to Warren, current NICU feeding protocols are complex and have to be tracked manually, which bogs staffers down. Astarte’s product looks to automate the feeding protocols, and use quantitative data about preterm babies’ gut health to deliver customized care and nutrition.

(Center City-based Keriton also targets NICUs, though its solution focuses on breast milk and formula management.)

Here’s more on Astarte’s platform:

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Philadelphia is having its best year for VC deals since 2000

These startups won big money at PACT’s live, ‘Shark Tank’-like pitch event

Money Moves: These 5 Philly-area companies just raised millions in VC funding

SPONSORED

Philly

How Relay is helping enterprise clients get proactive about customer engagement

Philadelphia

Technically Media

Marketing and Partnerships Manager

Apply Now

Philadelphia

Perpay

UX Designer

Apply Now

Chesterbrook, PA

Deacom

Inside Sales Representative

Apply Now

What’s slowing a wider adoption of impact investing?

Data analytics startup Crossbeam just raised a $12.5M series A

Ben Franklin Tech Partners just invested $1.75M from its new GO Philly Fund

SPONSORED

Philly

These hiring companies want to meet you at NET/WORK Suburbs

Horsham, PA

Penn Mutual

Product Owner/Business Transformation Specialist

Apply Now

Center City

Inspire

Member Experience Specialist

Apply Now

Philadelphia, PA

Perpay

Frontend Engineer

Apply Now

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

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