MediSafe Raised $6 Million, Relocated Headquarters to the US

13 January, 2015

MediSafe™ is a mobile medication management platform that reminds patients to take their medications via smartphones and tablets

MediSafe™ is a mobile medication management platform that reminds patients to take their medications via smartphones and tablets

MediSafe from Haifa, Israel, announced today that it has raised a $6 million Series A Round led by Pitango Venture Capital. Others participating in the round include 7wire ventures, as well as investors from previous rounds, including lool Ventures, TriVentures and Eyal Gura.

MediSafe™ is a mobile medication management platform that reminds patients to take their medications via smartphones and tablets. Through its platform, the company is enabling tighter care coordination between patients, caregivers or “MedFriends,” physicians, and other providers.

MediSafe will allocate the funding towards accelerating user growth in the U.S. market, where nearly half of Americans are prescribed at least one medication on a daily basis. To support the market expansion, MediSafe has relocated its headquarters to Boston, Massachusetts and hired Jon Michaeli as Executive Vice President of Marketing and Business Development. Mr. Michaeli has extensive digital consumer background and comes to MediSafe from Sermo, where he worked closely with physicians and other healthcare industry constituents for over three and a half years.

“The convergence of health, internet, mobile, and big-data is creating an explosion in the digital health arena, where innovative digital health and mobile health solutions are expected to create improved health outcomes,” said Ittai Harel, General Partner in Pitango. “Specifically, the area of medication management and adherence remains a huge health and cost burden to patients and to health providers worldwide – estimated to be costing the global economy hundreds of billions of dollars every year.”

MediSafe has won first place in Health 2.0’s Traction Startup Competition for its leading mHealth solution, has been named 4th most innovative healthcare company by Fast Company magazine, has won the Digital Health World Cup in Stanford University, and has secured second place (and a prize valued at 2 million Euro) from Seven Ventures (7VPD). 1.3 million people have downloaded the application from Google Play and iTunes App Store, 52,000 of which have rated it 4.5 out of a possible 5 stars.

Share via Whatsapp

Posted in: Medical , News