# UptimeHealth

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

- Industry: Software
- Headquarters: Boston, US
- Website: www.uptimehealth.com
- Total disclosed funding: $5.5M
- Latest round: Series A (Jan 11, 2023)
- Investors on record: 9

## About

UptimeHealth Inc. specializes in healthcare equipment management through its software solutions, enabling organizations to enhance operational efficiency and compliance while reducing downtime.Founded in 2018 in Boston, US, UptimeHealth Inc. offers comprehensive management solutions for healthcare equipment. The company has secured a total of USD 3.62 mn through 8 deals, with the most recent being a Series A round on January 11, 2023, led by Caduceus Capital Partners and Wavemaker Three-Sixty Health. The company was co-founded by Bill Olsen and Jinesh Patel, who currently serves as the CEO.  UptimeHealth provides a comprehensive suite of healthcare equipment management and maintenance software designed for both multi-network organizations and private practices. Their core offerings include advanced software solutions for tracking medical and dental equipment, automated compliance management, and preventative maintenance plans. The platform enables users to maintain complete visibility over their assets, track compliance deadlines, and generate audit-ready documentation, effectively streamlining operations and enhancing financial performance. UptimeHealth serves a diverse client base, including hospitals, dental clinics, and private practices across multiple geographical markets, such as North America and select regions in Europe. By leveraging customizable features and real-time asset tracking, UptimeHealth aims to address common pain points in healthcare equipment management, reducing downtime and associated risks for end users.UptimeHealth generates revenue primarily through a subscription-based model encompassing its software and maintenance services. Clients subscribe to various plans that integrate software solutions with routine maintenance and repair services, allowing for streamlined operations and cost management. For example, practices may opt for a comprehensive plan that includes asset tracking, compliance alerts, and proactive maintenance, which collectively enable them to avoid unexpected costs and ensure operational efficiency. While specific pricing details remain undisclosed, the company’s offerings are structured to cater to practices of all sizes, from individual offices to larger multi-location healthcare organizations. By combining advanced software capabilities with technician support and training, UptimeHealth positions itself as a vital partner for practices seeking to modernize their equipment management and improve overall operational compliance.In January 2023, UptimeHealth Inc. raised USD 3.62 mn in Series A funding to accelerate growth and expansion in the healthcare services market. The company plans to utilize this funding to develop upcoming new products aimed at enhancing their service offerings. Additionally, UptimeHealth is targeting specific markets in Europe for expansion by the end of 2024, following their successful operations in North America. The recent investment will support these initiatives, allowing the company to strengthen its presence in the healthcare sector.

## Funding rounds

- Series A, Jan 11, 2023, $3.6M — Wavemaker Three-Sixty Health, Caduceus Capital Partners
- Seed, Mar 25, 2021 — TBD Angels
- Seed, Apr 15, 2020 — Overline
- Seed, Aug 1, 2019, $1.2M — Spearhead, Wavemaker Three-Sixty Health, 2enable Partners
- Seed, May 16, 2019, $0.6M — Techstars, Jumpstart Health Investors, jtangoVC
- Seed, Feb 4, 2019 — Techstars
- Seed, May 30, 2018, $0.1M — Jumpstart Health Investors

## Investors

- Jumpstart Health Investors (https://capitalatlas.ai/funds/jumpstart-health-investors) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- jtangoVC — Seed
- Spearhead — Seed
- Wavemaker Three-Sixty Health (https://capitalatlas.ai/funds/wavemaker-three-sixty-health) — Seed, Series A
- 2enable Partners (https://capitalatlas.ai/funds/2enable-partners) — Seed
- Overline (https://capitalatlas.ai/funds/overline) — Seed
- TBD Angels (https://capitalatlas.ai/funds/tbd-angels) — Seed
- Caduceus Capital Partners (https://capitalatlas.ai/funds/caduceus-capital-partners) — Series A