# SnapMD Healthcare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snapmd-healthcare

- Industry: Healthcare IT
- Headquarters: Glendale, US
- Website: www.snap.md
- Total disclosed funding: $5.9M
- Latest round: Series A (Jan 27, 2016)
- Investors on record: 4

## About

SnapMD Healthcare, LLC is a digital health company focused on facilitating communication and care coordination through innovative telehealth solutions for healthcare providers, patients, and families.Founded in 2013 and headquartered in Glendale, US, SnapMD Healthcare, LLC specializes in telehealth services. In December 2019, the company was acquired by VirTrial, LLC for undisclosed financial terms, following a total of 8 deals with a notable Series B funding round raising USD 7.10 mn.SnapMD specializes in delivering a comprehensive digital health platform that facilitates seamless communication and care coordination among healthcare providers, patients, and their families. Their core offerings include a suite of telehealth solutions designed to enhance patient engagement and streamline clinical workflows. These services aim to resolve challenges related to healthcare access, patient management, and real-time information sharing, fostering better health outcomes. The platform primarily caters to healthcare organizations, enhancing their ability to deliver quality care while improving operational efficiencies. SnapMD's products are utilized across various markets, prominently in the United States, where healthcare providers are increasingly adopting digital solutions to meet evolving patient needs.SnapMD's revenue model is structured around subscription-based services, allowing healthcare providers to access its digital health platform for a recurring fee. Clients typically enter annual contracts, granting them access to a range of telehealth functionalities tailored to their operational requirements. Transactions occur directly between SnapMD and healthcare organizations, with clients benefiting from ongoing support and updates as part of their subscription. Pricing plans are designed to accommodate different scales of operation, focusing on the value delivered through flagship products that enhance care delivery and patient management. This revenue model positions SnapMD to capitalize on the growing trend of digital transformation within the healthcare sector.Following its acquisition in December 2019, SnapMD aims to enhance its operational capabilities and expand its product offerings. The company plans to launch new telehealth functionalities aimed at increasing patient engagement and improving clinical outcomes. Additionally, SnapMD is exploring opportunities to expand into international markets, particularly in Europe and Asia, by 2022. The recent Series B funding round of USD 7.10 mn will support these initiatives, driving innovation and scaling their platform to meet the demands of an evolving healthcare landscape.

## Funding rounds

- Series A, Jan 27, 2016, $5.3M — Shea Ventures, TYLT Ventures, Whittier Ventures
- Seed, Jun 20, 2013, $0.6M — Shea Ventures, Whittier Trust Company

## Investors

- Shea Ventures (https://capitalatlas.ai/funds/shea-ventures) — Seed, Series A
- Whittier Trust Company — Seed
- TYLT Ventures (https://capitalatlas.ai/funds/tylt-ventures) — Series A
- Whittier Ventures — Series A