Laudio, Boston, MA-based management solution for healthcare, announced that it has raised a $13 million Series B funding, bringing its total funding to $25 million.
Define Ventures led the round, with participation from existing investors .406 Ventures, InHealth Ventures, MemorialCare Innovation Fund, and TeleTracking Technologies. A.G Breitenstein, Venture Partner at Define Ventures, is joining Laudio’s Board of Directors.
With the new funding, Laudio will invest in deepening the action-orientation of its platform, and scaling growth and product development. The company plans to expand its sales team and increase overall investment in marketing, focused on generating awareness for its product.
Additionally, Laudio is making larger investments in its AI and analytics platform, which nudge leaders to take the right action at the right time through real-time recommendations.
“Every health system CEO says that labor productivity and burnout is their top issue.Since our launch in 2017, Laudio, has understood the challenges health systems face and has been devoted to building solutions that empower frontline leaders to do the best work of their lives, all while improving retention, labor productivity, service, quality, and safety,” said Russ Richmond, MD, CEO and Co-Founder of Laudio.“We’re excited to partner with Define and A.G. on our mission of improving the lives of healthcare workers so that they will continue doing the work they love.”
Company: Laudio, LLC.
Raised: $13.0M
Round: Series B
Funding Month: June 2023
Lead Investors: Define Ventures
Additional Investors: .406 Ventures, InHealth Ventures, MemorialCare Innovation Fund, and TeleTracking Technologies
Company Website: https://www.laudio.com/
Software Category: Management Solution
About the Company: Laudio is a critical infrastructure for the healthcare workforce. It provides chros, cnos, and frontline managers with an integrated management system that fills the gap between information and action. Laudio empower and connect- frontline healthcare leaders to drive outcomes that matter. With its leader operations solution, Laudio automates repetitive work and serves up daily recommendations and best practices that help frontline leaders gain better visibility into their teams, find opportunities for meaningful connections, and discover clearer paths to achieving their goals.
Source: https://www.businesswire.com/news/home/20230608005220/en/Laudio-Announces-13-Million-Series-B-for-its-AI-Solution-that-Drives-Productivity-and-Reduces-Burnout-in-Health-Systems