As telemedicine continues to gain acceptance in what continues to be a relatively small corner of the healthcare market, telemedicine technology startup Avizia has added a new investor as part of a $2 million fundraise, according to a Form D filing from the U.S. Securities and Exchange Commission. NextGen Angels led the financing round as part of a push by the 1-year-old video conferencing company to grow its product line and sales team across healthcare and education.
Former Cisco employee Michael Baird founded Avizia last year, a Reston, Virginia-based business that provides carts and high definition screens for video consults to hospitals and healthcare facilities. Blu Venture Investors and Middleland Capital also participated in the financing round.
Avizia unveiled a couple of telemedicine carts at the American Telemedicine Association conference earlier this year. They’re designed to provide an easy way for patients to see specialists, provide consults between medical professionals and to support medical education. The carts use camera technology from Cisco, specifically the Cisco Telepresence SX series.
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As part of the financing round, Edward Kennedy, CEO of Tollgrade Communication, joined Avizia’s board of directors.
Avizia CEO Mike Baird said improving quality and accessibility of patient care are two big priorities for healthcare providers as telemedicine becomes an increasing part of the solution to increase access to healthcare.
