# Optimize Systems

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.optimize.health
- Total disclosed funding: $37M
- Latest round: Series B (Oct 10, 2023)
- Investors on record: 12

## About

Based in Seattle, WA, Optimize Systems Inc. develops advanced healthcare solutions focused on remote patient monitoring and chronic care management, enhancing patient engagement and outcomes for chronic disease management.Optimize Systems Inc. specializes in innovative healthcare technology solutions. Founded in 2015 in Seattle, WA, the company has undergone strategic pivots to focus on remote patient monitoring and chronic care management. Its founders, Chuks Onwuneme and Randall Sosnick, have a history of driving healthcare innovations. The company participated in 4 investment deals, raising USD 18.000 mn in its latest Series B round on October 10, 2023, led by Foundry Group and Escalate Capital, with other notable investors including 500 Global and Bonfire Ventures. The company's total capital raised amounts to USD 18.000 mn, and its current valuation is USD 33.865 mn.Optimize Health specializes in remote patient monitoring (RPM) and chronic care management (CCM) solutions designed to improve healthcare outcomes for individuals with chronic diseases. Their primary offerings include a comprehensive remote patient monitoring platform that integrates patient-friendly devices to collect real-time health data, facilitating continuous engagement between healthcare providers and patients. Optimize Health serves a diverse client base, including physician practices, hospitals, federally qualified health centers (FQHCs), and accountable care organizations (ACOs) across various specialties, such as primary care, cardiology, nephrology, and pulmonology. The solutions are marketed primarily in the United States and are expanding to other regions as healthcare providers adopt technology-driven care models.Optimize Health's revenue model is primarily based on subscription services tied to their RPM and CCM platforms. Clients typically engage in long-term partnerships, paying for access to the platform and associated services, which include clinical monitoring and support from healthcare professionals. The transactions occur directly between Optimize Health and healthcare providers, allowing for streamlined billing processes that maximize reimbursement for medical services. Pricing plans are structured to accommodate different organizational sizes and needs, with tailored solutions that may include bundled services for integrated care. Flagship offerings such as their RPM software and connected devices are essential to the revenue stream, enabling healthcare organizations to deliver more effective chronic disease management solutions while generating predictable income.In October 2023, Optimize Systems Inc. raised USD 18.000 mn in Series B funding, co-led by returning investor Foundry Group and new investor Escalate Capital, with participation from other investors. The company plans to utilize this funding to accelerate its market strategy, scale operations, expand its product portfolio, and fuel market expansion. Optimize Health aims to release new products designed to further enhance patient engagement and healthcare outcomes. The company is also targeting expansion into new geographic regions to reach a broader client base, with specific plans to enter additional markets in North America and beyond within the next couple of years.

## Funding rounds

- Series B, Oct 10, 2023, $18M — Escalate Capital Partners, OpenView, Foundry Group, 500 Global, SOSV, Daher Capital, Bonfire Ventures, Navigate Ventures, Atento Capital, Jumpstart Health Investors
- Series A, Aug 14, 2020, $16M — US Venture Partners, OpenView, Foundry Group, SOSV, Daher Capital, HAX, Bonfire Ventures
- Seed, Jun 15, 2020, $3.5M — Bonfire Ventures, Jumpstart Health Investors

## Investors

- Bonfire Ventures (https://capitalatlas.ai/funds/bonfire-ventures) — Seed, Series A, Series B
- Jumpstart Health Investors (https://capitalatlas.ai/funds/jumpstart-health-investors) — Seed, Series B
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series A
- OpenView (https://capitalatlas.ai/funds/openview) — Series A, Series B
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A, Series B
- SOSV (https://capitalatlas.ai/funds/sosv) — Series A, Series B
- Daher Capital — Series A, Series B
- HAX — Series A
- Escalate Capital Partners (https://capitalatlas.ai/funds/escalate-capital-partners) — Series B
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series B
- Navigate Ventures (https://capitalatlas.ai/funds/navigate-ventures) — Series B
- Atento Capital (https://capitalatlas.ai/funds/atento-capital) — Series B