Thursday, October 8, 2020

TigerConnect Takes $45M More In Series D For Healthcare Communications

Santa Monica-based TigerConnect, which provides collaboration and communications tools for the hhealthcare industry, says it has raised $45M more in a Series D funding round, as it has seen surging demand due to the pandemic. According to the company, the new round was led by HealthQuest Capital, and also included New Leaf Ventures, Montreux Growth Partners, Norwest Venture Partners, Invus and Industry Ventures. The company--led by co-founder and CEO Brad Brooks--said the funding comes as the company's revenues have grown over 30% since the onset of COVID-19 in March, with an additional 1,000 healthcare organizations adopting its TigerConnect platform. The company says the new funding will go towards further investment into its platform to meet surging demand. The company says it now has over 750,000 registered users using its services. TigerConnect also said that--as a result of the demand increase--it has expanded its headcount by more than 35% in the past six months. The company's tools are used to provide secure messaging and collaboration, while meeting all of the restrictions and requirements around patient confidentiality.