# SwipeSense

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

- Industry: Medical Devices & Equipment
- Headquarters: Chicago, US
- Website: www.swipesense.com
- Total disclosed funding: $24M
- Latest round: Series B (Dec 7, 2017)
- Investors on record: 5

## About

SwipeSense, Inc. specializes in healthcare technology solutions aimed at enhancing patient safety and operational efficiency in hospitals. Their innovative products leverage real-time data to address critical healthcare challenges.Founded in 2011, SwipeSense, Inc. operates out of Chicago, US, providing a platform that improves hospital hygiene and asset tracking. The company has undergone strategic development to align its offerings with the pressing needs of healthcare facilities. The co-founders, Drew Franklin and Mert Iseri, have backgrounds in technology and healthcare innovation. As of December 2017, SwipeSense raised USD 10.6 mn in a Series B funding round led by Eclipse Ventures, with participation from Sandbox Industries, bringing the total amount raised to USD 10.6 mn across seven deals.SwipeSense offers a comprehensive suite of healthcare technology solutions including the SwipeSense Platform which features Electronic Hand Hygiene Monitoring, Real-Time Asset Tracking, Automated Contact Tracing, and Nursing Insights. These products are designed to enhance compliance with hygiene protocols and improve operational efficiency within hospitals, primarily in the United States.SwipeSense generates revenue through direct sales and subscription services tailored for healthcare facilities. Clients, including hospitals and healthcare systems, typically engage in contractual agreements to access various applications, ensuring a steady revenue stream through ongoing subscription fees. This revenue model reflects their focus on supporting healthcare providers with essential tools for improving compliance and resource utilization.SwipeSense is poised for growth with plans to launch new applications aimed at expanding its service capabilities in the coming years. The recent funding from the Series B round will be utilized to enhance product development and support strategic initiatives targeted at new geographic markets, particularly across North America. These initiatives are expected to be rolled out following the completion of their recent funding activities.

## Funding rounds

- Series B, Dec 7, 2017, $11M — Sandbox Industries, Eclipse Ventures
- Series B, Jun 10, 2015, $9.7M — TEXO Ventures, BlueCross BlueShield Venture Partners, Sandbox Industries, Eclipse Ventures
- Series A, May 5, 2014, $1.7M — TEXO Ventures, BlueCross BlueShield Venture Partners, Sandbox Industries
- Seed, Sep 20, 2012, $0.9M — Jumpstart Ventures
- Series A, Sep 12, 2012, $1M — TEXO Ventures, BlueCross BlueShield Venture Partners, Sandbox Industries

## Investors

- TEXO Ventures (https://capitalatlas.ai/funds/texo-ventures) — Series A, Series B
- BlueCross BlueShield Venture Partners (https://capitalatlas.ai/funds/bluecross-blueshield-venture-partners) — Series A, Series B
- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Series A, Series B
- Jumpstart Ventures (https://capitalatlas.ai/funds/jumpstart-ventures) — Seed
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series B