HealthSnap, a developer of an advanced AI-powered virtual care management platform used by leading healthcare organizations in the U.S., has secured a $25 million senior-secured growth financing facility led by Eastward Capital Partners.
Eastward Capital Partners provides venture debt and equity financing to VC-backed technology companies, offering a flexible alternative to equity that minimizes dilution while ensuring access to critical capital. Eastward Capital has backed 270+ companies in the past in 30 years.
Based in Miami, Florida, HealthSnap is serving more than 200 health systems and physician organizations across the United States, including Prisma Health, AdventHealth, Ascension Health, Sentara Health, Tampa General Hospital, UnityPoint Health, Baptist Health South Florida, Mount Sinai Medical Center, and University Hospitals.
Even more importantly, several of these organizations, including Sentara Health, Tampa General Hospital, and UnityPoint Health, have chosen to invest strategically in HealthSnap, reflecting their confidence in the company’s technology, leadership, and long-term vision.
Commenting on the fundraise, Samson Magid, Co-Founder and CEO of HealthSnap, said: This senior-secured growth financing represents much more than additional capital. It validates the platform we have built, the outcomes we are delivering, and the category leadership we have established.”
“It enables us to expand the real-world application of AI across every aspect of virtual care management, from clinical decision support and workforce enablement to patient engagement and Advanced Primary Care Management.”
“Our vision has always been to use AI to amplify clinicians, not replace them, helping health systems improve outcomes, strengthen operational performance, and lower the total cost of care,” added Samson Magid.
HealthSnap was advised by Ziegler, a specialty investment bank, which served as the company’s exclusive financial advisor in connection with this growth financing.
In the official press announcement, HealthSnap said that the new funds will support its AI-powered virtual care management innovation, commercial expansion, customer success, and strategic growth initiatives.
Digital health startups, including virtual care management solutions providers, have raised $200+ billion in VC funding to date, according to our latest Funding Database. More recently, Body Vision Medical, an AI-powered intraoperative imaging startup, has closed a new round of funding to meet the rising demand for its advanced imaging technology, LungVision.
In another deal, Wellinks, a provider of telehealth-enabled remote patient monitoring solutions, has announced the first close of its $10 million Series B funding round from UMass Memorial Health.