Big News! Wisedocs closes oversubscribed $4.1M seed round
Wisedocs closed our $4.1 million (CAD) oversubscribed Seed financing round. The investment is led by Ripple Ventures, with participation from Greensky Capital, and angel investors including George A. Papayiannis of Vena Solutions, and startup veteran, Tim Lett.
We closed our $4.1 million (CAD) oversubscribed Seed financing round. The investment is led by Ripple Ventures, with participation from Greensky Capital, and angel investors including George A. Papayiannis of Vena Solutions, and startup veteran, Tim Lett. The seed financing round follows a previous pre-seed investment. Wisedocs’ seed financing is a key investment that supports continued expansion into the United States. Wisedocs launched in the U.S. at the end of 2021, followed by the opening of new American headquarters in Florida to support a growing US customer base. With recent acceptance into the 2022 MassChallenge Healthtech program and the investment, Wisedocs is further supported in making efficient processes with medical records the standard, not an anomaly.
Meet our investor and advisory team
Thank you to our amazing investment and advisory team Ripple Ventures, with participation from Greensky Capital, and angel investors including George A. Papayiannis of Vena Solutions, and startup veteran, Tim Lett for bringing Wisedocs to the next level.
To learn more, read our official interview on Betakit and the subsequent press release on BusinessWire, both of which went live Thursday, March 17 2022.
Wisedocs releases interview with Betakit
Josh Scott, Staff Writer at Betakit, speaks with Founder and CEO, Connor Atchison, Head of Revenue Jenna Earnshaw, Ripple Ventures founder and Managing Partner Matt Cohen. As per the Betakit interview with Wisedocs and investors, "The startup automates what it describes as “one of the biggest problems in healthcare”—manually processing and analyzing medical records, a labour-intensive, traditionally paper and pen-based process Wisedocs says 'can take hours, and sometimes days.'" This article follows an August piece about our new brand launch and United States expansion, as well.
Wisedocs releases new to BusinessWire
As per the BusinessWire release, "Connor Atchinson, founder and CEO, says 'The support from our investors in closing this round of seed financing is an important move in supporting Wisedocs’ continued growth across the U.S.'
"'We are thrilled to be an early investor in Wisedocs,' said Michael List, Managing Partner at Greensky Capital. 'The Wisedocs document processing solution for the insurance and medical sectors will drive significant efficiency in these industries. We look forward to their continued U.S. expansion.'
"Wisedocs is also onboarding key technical leadership, Atif Khan who brings 20+ years experience in technical leadership as VP Engineering and as an advisor, George Papayiannis, CTO of Canadian Unicorn, Vena Solutions.
"'Wisedocs is changing how the insurance industry operates by adding efficiency and removing barriers, such as cost and time, as it applies to medical records,' states Matt Cohen, Founder & Managing Partner of Ripple Ventures. 'Their technology is helping organizations globally deal with the transition from paper to digital. Ripple is excited to continue supporting Connor and the team in scaling its capabilities with the onboarding of several key technical leaders.'"
Continued growth in U.S.
We're so excited about this next stage of our growth and the support of our investors. Huge shoutout to our amazing team for continuing to push the boundaries and build the next frontier in medical document processing towards our vision of a future where working with medical records efficiently is the standard, not an anomaly.
Read similar stories
Medical record summarization can greatly reduce the time spent by healthcare professionals when sorting patient data by providing a simplified overview of a patient’s health condition.