TLDR:
- Switchboard Health, a healthcare software company in Boise, secured $6.5 million in seed funding led by FirstTrust Capital Partners.
- The funding will be used to further develop their platform aimed at providing workflow and data improvements for specialty healthcare delivery.
Boise-based healthcare software company, Switchboard Health, recently announced that it has successfully secured a $6.5 million seed funding round. This funding was led by FirstTrust Capital Partners, a venture capital firm specializing in healthcare technology. The company, founded in 2022 by Derek Baird and Arif Sorathia, aims to streamline the delivery of specialty healthcare through its software platform.
Switchboard Health’s software is designed to facilitate the building of clinical networks, providing health plans and medical providers with tools to enhance workflow and make data-driven decisions regarding specialty care navigation. The funding round not only includes FirstTrust Capital Partners but also has contributions from Meridian-based Capital Eleven, Route 66 Ventures, InnovateHealth, and Ikigai Growth Partners.
According to Baird, the investment will accelerate the company’s mission to improve specialty care access, affordability, and patient experience. The funding will be instrumental in the development of the tech-enabled care network and supporting the growth of their client base. This funding marks an important milestone for Switchboard Health as they aim to revolutionize specialty healthcare delivery.
In the world of startup funding, businesses often go through various funding rounds such as pre-seed, seed, Series A, Series B, and Series C. Seed funding is crucial in formalizing a business and providing the necessary capital to develop products and concepts. With the successful seed funding round, Switchboard Health is poised for further growth and development in the healthcare technology sector.
Overall, the seed funding round is a significant milestone for Switchboard Health, as they continue to innovate and enhance specialty healthcare delivery through their software platform. The funding will enable the company to expand its tech-enabled care network and provide better access and affordability for specialty care services.
