Startups

Bridge Connector closes $5.5M Series A to continue push for interoperability

Less than three months after announcing a $4.5 million seed round led by Axioma Ventures, the startup has secured a $5.5 million Series A round led by the same investor.

dollar, money, funds, cash

Bridge Connector, a Palm Beach Gardens, Florida-based startup that offers an integration solution for healthcare organizations, has pulled in a $5.5 million Series A round, which was led by Axioma Ventures.

The new financing will go toward improving the company’s platform and expanding its marketing, sales and client services efforts.

Bridge Connector launched in May 2017 and has been active in the market since January of 2018. Its tool is able to connect various disparate platforms like EMRs and customer relationship management systems to streamline data flow. The Florida company charges clients a monthly subscription cost that includes updates and maintenance.

Its ultimate goal is to improve data integration and push for better interoperability within the healthcare realm.

At the beginning of June, Bridge Connector announced it had secured a $4.5 million seed round, which was also led by Axioma Ventures. The round was backed by former Publix Super Markets CEO Howard Jenkins. Other investors included Axioma Ventures co-founding partner Alex Jenkins; Baldwin Beach Capital CFO Hannibal Baldwin; and gastroenterologist Dr. Jeffrey Wenger.

“Since leading our $4.5 million initial seed investment just two months ago, we’ve been incredibly grateful for the support that Axioma Ventures continues to offer us, both in investment and strategic counsel, on an almost daily basis,” Bridge Connector founder and CEO David Wenger said via email. “With their guidance, we can aggressively pursue our mission to conquer the interoperability challenge with better technology, strategic partnerships and smart hires.”

The startup saw a few developments over the summer. Wenger said it has made a couple key hires for its Florida and Nashville offices. It’s also created new partnerships and grown existing ones in the EMR and CRM spaces.

As part of the new Series A investment, the startup is growing its teams across its three offices in Palm Beach Gardens, Nashville and Knoxville, Tennessee. It plans to go from 45 employees to over 100 by the end of 2018. More specifically, it wants to increase its Nashville team from 20 to 80 workers, who will move downtown to a new facility.

Photo: D3Damon, Getty Images

Shares0
Shares0