SnapMD Closes Series A Extension

Major Money Raised for Low IncomeThis week, telemedicine technology innovator SnapMD today announced that it has closed an extension of its Series A financing in the amount of $3.25 million.

This brings the total capital raised to date to $9.15 million.

Participating investors included the original syndicate, a provided release explains.

SnapMD plans to use the latest financing to continue to innovate and develop its core product, the Virtual Care Management (VCM) telemedicine platform, and to expand the company’s sales and marketing efforts and drive revenue through its extensive channel partner program, which includes the recently launched partnerships with Konica Minolta and athenahealth.

“SnapMD is deeply rooted in the value of trusted relationships between providers, and the patients and communities they serve. We enable healthcare providers of all types and sizes to implement virtual services as a complement to their existing care models,” said Dave Skibinski, president and CEO of SnapMD. “This new funding from our institutional and private investors will allow us to better serve our customers and improve healthcare delivery in America, and beyond.”

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