Vynca, a Palo Alto, California-based startup focused on advance care planning, has nabbed $10.3 million in Series B funding.
Investors included First Trust Capital Partners, OCA Ventures and Spectrum Health Ventures, as well as “key strategic individual investors,” according to a news release. Current Vynca investors such as Generator Ventures and the Ziegler LinkAge Longevity Fund also took part.
The money will help the company with new product development and its expansion into new geographies.
Founded in 2013, Vynca offers a SaaS-based advance care planning solution that lets healthcare organizations deliver end-of-life care that fits with a patient’s preferences. Its technology, which integrates with the EHR, supports education, shared decision-making and digital completion of advance care planning documents.
The startup’s clients include hospitals, health systems, accountable care organizations, health plans and entities in the post-acute care space.
Vynca also provides solutions to the state registries in Oregon, California, Delaware, Louisiana and South Carolina. Its HIPAA-compliant electronic registry solution allows providers to complete and submit advance care planning documents to the centralized registry via a secure web portal.
A Deep-dive Into Specialty Pharma
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
“We’re pleased to receive the support and insight from these highly strategic health care investors who share our vision of creating a national advance care planning network,” said Vynca co-founder and CEO Ryan Van Wert in a statement. “Our continued growth will ensure that more individuals have their voices heard, and that health care providers have immediate access to care preferences, so that every person’s end-of-life wishes are known and honored.”
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