# 3Derm Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/3derm-systems

- Industry: Medical Devices & Equipment
- Headquarters: Boston, US
- Website: www.3derm.com
- Total disclosed funding: $1.7M
- Latest round: Series A (Jul 18, 2016)
- Investors on record: 1

## About

3Derm Systems, Inc. specializes in teledermatology solutions that enhance diagnostic accuracy and improve patient care through advanced imaging technology and algorithms.3Derm Systems, Inc. is focused on teledermatology, providing innovative solutions for remote skin assessments. Founded in 2012 and headquartered in Boston, US, the company has engaged in 8 total deals. The most recent deal occurred in August 2020, when IDx Technologies, Inc. acquired 3Derm Systems, Inc. for undisclosed financial terms. The company has raised a total of USD 1.66 mn, with the latest funding round being a Venture Debt of USD 0.50 mn.3Derm, now a part of Digital Diagnostics, specializes in teledermatology solutions designed to enhance diagnostic accuracy and patient care. Their flagship product, 3Derm ImageAssist™, utilizes advanced imaging technology and world-class algorithms to facilitate remote skin assessments. This service addresses critical use cases including the timely diagnosis of skin conditions, improving access to dermatological care, especially in underserved areas. The company primarily targets healthcare providers, such as dermatology clinics and hospitals, enabling them to offer remote consultations and diagnostics to their patients. 3Derm’s products cater to a diverse client base across various geographical markets, including the United States and select regions in Europe, where the demand for innovative telehealth solutions is rising.The revenue model of 3Derm revolves around service subscriptions aimed at healthcare providers. Clients engage with the company through partnership agreements that allow them to integrate 3Derm’s teledermatology services into their practice. This transactional structure typically involves monthly or annual subscription fees, which grant access to the platform and its associated imaging technologies. The pricing structure is designed to accommodate various client needs, potentially varying based on the size of the practice or the volume of consultations performed. With a focus on healthcare systems and providers, 3Derm establishes key relationships that support the delivery of their specialized services, ensuring a steady revenue stream through these strategic partnerships.Following its acquisition in August 2020, 3Derm Systems, Inc. is expected to leverage its relationship with IDx Technologies, Inc. to expand its product offerings and enhance its market presence. The company is likely focusing on developing new products aimed at improving teledermatology services, although specific release dates have not been disclosed. Furthermore, 3Derm plans to explore new geographic markets, particularly in underserved regions, to broaden access to its innovative solutions. The funding raised in the Venture Debt round will presumably support these initiatives by enhancing their operational capabilities and facilitating the expansion of their service portfolio.

## Funding rounds

- Series A, Jul 18, 2016, $1.7M — Sky Ventures Group

## Investors

- Sky Ventures Group (https://capitalatlas.ai/funds/sky-ventures-group) — Series A