# Laudio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laudio

- Industry: Healthcare IT
- Headquarters: Boston, US
- Website: www.laudio.com
- Total disclosed funding: $20M
- Latest round: Series B (Jun 8, 2023)
- Investors on record: 5

## About

Laudio Inc is a healthcare technology firm that enhances operational efficiency for healthcare leaders through an intelligent platform that streamlines workflows and boosts staff engagement.Laudio Inc, founded in 2018 in Newton, US, focuses on improving healthcare operations. The company was established by Russ Richmond and Tim Darling, with Russ serving as CEO. Laudio has successfully secured funding through two deals, the latest being a Series B round on June 8, 2023, raising USD 13.000 mn led by Define Ventures and supported by 406 Ventures, InHealth Ventures, MemorialCare Innovation Fund, and TeleTracking Technologies. This funding has brought Laudio's total amount raised to USD 13.000 mn.Laudio offers an intelligent platform designed to enhance operational efficiency for frontline healthcare leaders. The platform centralizes and streamlines essential workflows such as employee attendance, feedback collection, patient rounding, and quality audits, enabling leaders to prioritize high-impact actions within their teams. With AI capabilities, Laudio filters through operational noise to highlight critical tasks driving improvements in employee engagement and retention. Key functionalities include an integrated leader patient rounding module for proactive patient engagement and automated messaging for quick staff communication. Laudio primarily serves healthcare systems across the United States, including nursing executives, HR executives, and frontline leaders, focusing on improving engagement and retention strategies in hospital settings.Laudio's revenue model is based on subscriptions to its platform, allowing healthcare organizations access to a suite of services on a recurring basis. Clients typically engage in annual contracts, offering comprehensive access to management automation tools, data analytics, and smart rounding features. The pricing structure accommodates various organization sizes and needs, emphasizing partnerships with healthcare institutions to enhance management efficiency and improve employee satisfaction.In June 2023, Laudio Inc raised USD 13.000 mn in Series B funding led by Define Ventures. The company aims to utilize this funding to implement solutions that enhance labor productivity and address burnout among frontline workers. Laudio is also exploring the development and launch of new products aimed at improving operational efficiency within healthcare settings, although specific release dates have not been disclosed. The firm is planning to expand its market presence, targeting additional healthcare systems across the US to bolster its client base.

## Funding rounds

- Series B, Jun 8, 2023, $13M — .406 Ventures, MemorialCare Innovation Fund, Define Ventures, InHealth Ventures, TeleTracking Technologies, Inc.
- Series A, Dec 10, 2019, $7.3M — .406 Ventures, MemorialCare Innovation Fund, InHealth Ventures

## Investors

- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series A, Series B
- MemorialCare Innovation Fund (https://capitalatlas.ai/funds/memorialcare-innovation-fund) — Series A, Series B
- InHealth Ventures (https://capitalatlas.ai/funds/inhealth-ventures) — Series A, Series B
- Define Ventures (https://capitalatlas.ai/funds/define-ventures) — Series B
- TeleTracking Technologies, Inc. — Series B