FeelBetter, a Boston, MA, and Tel Aviv, Israel-based provider of medication management technology, raised $5.9 million in funding, bringing its total raised to $8 million.
The funding round was led by Firstime Ventures and Shoni Health Ventures, with participation from Random Forest VC, The Group Ventures, and existing investor Triventures.
FeelBetter has pioneered a new category of technology called Pharmaco-Clinical Intelligence, which leverages artificial intelligence (AI) and machine learning capabilities to drive proactive and personalized medication management.
The SaaS-based solution offered by FeelBetter synthesizes and analyzes healthcare data from various sources, considering diverse factors that can influence a senior patient's health status. This comprehensive approach helps identify patients at high risk of deterioration and preventable hospitalization due to suboptimal medication management.
"FeelBetter's purpose-built technology makes it possible to deliver a more personalized, whole-patient approach to medication management – one that goes beyond a single illness, diagnosis, or point in time, and comprehensively focuses on each individual's care journey," said Liat Primor, FeelBetter's CEO and Co-Founder."At a time when investors are especially selective about the types of bets they are taking, this round and vote of confidence from the world-class teams at Fristime Ventures, Shoni Health Ventures, Random Forest VC, Triventures, and The Venture Group, as well as angel investors, validates the need for and potential of our Pharmaco-Clinical Intelligence as a solution for the growing, global health challenge posed by suboptimal medication management."
Company: FeelBetter Ltd.
Raised: $5.9M
Round: Unknown
Funding Month: July 2023
Lead Investors: Firstime Ventures and Shoni Health Ventures
Additional Investors: Random Forest VC, The Group Ventures, and Triventures
Company Website: https://www.feelbetter.healthcare/
Software Category: Medication Management
About the Company: Founded in 2018 by Liat Primor and Yoram Hordan, FeelBetter powers personalized care across the patient journey via actionable medication management. With its comprehensive SaaS solution, FeelBetter identifies high-risk patients and needed pharmaco-clinical interventions, improves resource allocation, and drives preventive care. FeelBetter’s Pharmaco-Clinical Intelligence, changing the polypharmacy paradigm on both an individual and population health level with a comprehensive solution designed to tackle the challenges associated with suboptimal medication management. FeelBetter is headquartered in Boston and Tel Aviv, Israel.
Source: https://www.prnewswire.com/news-releases/feelbetter-raises-5-9m-to-optimize-and-personalize-medication-management-for-polypharmacy-patients-301889136.html