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.
Babyscripts raises $6M strategic investment, aligns with Royal Philips #digitalhealth #healthtech https://t.co/S49uLg2qYA via @MobiHealthNews
— Babyscripts (@Babyscripts) January 7, 2019
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.
“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’.”
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