# Halfpenny Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/halfpenny-technologies

- Industry: Software
- Headquarters: Blue Bell, US
- Website: www.halfpenny.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Feb 17, 2012)
- Investors on record: 5

## About

Halfpenny Technologies specializes in advanced health information technology solutions, focusing on enhancing healthcare interoperability and secure data exchange to improve patient care and outcomes across various healthcare systems.Halfpenny Technologies, founded in 2000, operates from Blue Bell, US, offering a cloud-based platform that facilitates secure patient data sharing among healthcare providers. In June 2022, Accumen Inc., a portfolio company of Arsenal Capital Partners, acquired Halfpenny Technologies. The company has participated in three funding deals, with the latest round being a Series A funding of USD 2.25 mn, which was raised on June 7, 2022, from investors including Activate Venture Partners and Rittenhouse Ventures.Halfpenny's primary offerings focus on advanced health information technology solutions designed to enhance healthcare interoperability and facilitate secure sharing of patient data. Their cloud-based platform enables hospitals, clinics, and healthcare organizations to access and analyze comprehensive patient records, addressing challenges related to data fragmentation and promoting continuity of care across various healthcare scenarios.The revenue model of Halfpenny includes subscription-based services and partnerships with healthcare institutions, typically structured as multi-year agreements that scale with the size and needs of the organizations. Revenue is generated through licensing fees for their platform, which may also encompass additional charges for premium features and data analytics.Following its acquisition by Accumen, Halfpenny Technologies aims to expand its services to health systems, hospitals, health plans, and commercial labs. The company is likely to enhance its product offerings and may target new geographic markets for growth, with specific plans yet to be outlined. The recent funding will support these initiatives, allowing Halfpenny to extend its reach and improve the integration of its health information technology solutions.

## Funding rounds

- Series A, Feb 17, 2012, $2.3M — Activate Venture Partners, Rittenhouse Ventures, LORE Associates, Vital Venture Capital, Osage Venture Partners
- Series A, Oct 7, 2010, $2.6M — Activate Venture Partners, LORE Associates, Osage Venture Partners

## Investors

- Activate Venture Partners (https://capitalatlas.ai/funds/activate-venture-partners) — Series A
- LORE Associates — Series A
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Series A
- Rittenhouse Ventures (https://capitalatlas.ai/funds/rittenhouse-ventures) — Series A
- Vital Venture Capital (https://capitalatlas.ai/funds/vital-venture-capital) — Series A