Reveal HealthTech, a healthcare technology company, has raised $4 million in seed funding from W Health Ventures.
Healthcare-focused VC firm W Health Ventures invests in US and Indian-based companies that use technology to address critical unmet healthcare needs and improve care delivery. It has never invested before in healthcare technology services.
The company plans to use the funds to expand its operations, employ people, and build technical capabilities to meet the technological needs of its clients in the healthcare sector.
Reveal HealthTech, a US-based company, offers engineering, clinical, and strategic support and cross-functional technology services to healthcare organizations.
“W Health Ventures’ global expertise and focus on the healthtech sector gives us an inside track on the challenges faced by the industry and will help accelerate our journey to being an industry-leading player in this domain,” Reveal HealthTech’s founder and CEO Sanchit Mullick said.
Chiming in, Pankaj Jethwani, partner at W Health Ventures, said, “… Reveal’s differentiated approach makes them the ideal player to catalyze the positive change towards a tech-driven healthcare ecosystem. We’re thrilled to partner with Sanchit and his leadership team, who possess extensive expertise in technology, healthcare strategy, and care delivery.”
The company wants to collaborate with US-based healthcare organizations to use technology to optimize patient health outcomes. In India, it is actively looking to hire senior technology talent.
Also, it aims to address the challenges with talent that healthcare organizations face, such as the need for talent identification and selection, a lack of healthcare domain knowledge, and high employee turnover in software teams.
With these partnerships, the company will have access to a pool of more than 150,000 engineers who have built products for the US healthcare sector. The company claims that this builds the largest pool of specialized talent with knowledge of US healthcare technology outside the country.