CareSignal
Company

Last deal

Amount

Venture - Series Unknown

Stage

18.02.2020

Date

3

all rounds

$7.5M

Total amount

date founded

Financing round

General

About Company
CareSignal is a company that develops a device-less remote patient monitoring platform.

Industry

Sector :

Subsector :

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

CareSignal's platform allows underserved populations and their safety-net providers to use their existing phones to send and receive messages, helping individuals with chronic, behavioral, and social challenges. The company's solution, called CareSignal, helps healthcare organizations and payers scale care management, engage more patients, and improve patient engagement. It provides real-time alerts to care teams, enabling them to prioritize and reach out to patients, while patients can respond to evidence-based questions via text messages or phone calls. CareSignal was acquired by Lightbeam Health Solutions in November 2021.
Contacts
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M&A Details
1

Acquired by

Lightbeam Health

announced date

15.11.2021

Financials

Funding Rounds
4
3

Number of Funding Rounds

$7.5M

Money Raised

Their latest funding was raised on 18.02.2020. Their latest investor Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
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Co-Investors
Investors
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Number of investors

Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship

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William Schmidt

William Schmidt

Bill has over 20 years experience in the medical device, healthcare IT and pharmaceutical sectors, and is a founding Partner of LDM Group. LDM is a successful healthcare technology company and leader in targeted, behavior based messaging for both patients and providers at the point of sale and point of care. As a founder of LDM Group, Bill served many different roles. Specifically, over the last 10 years Bill has spent time in business development, sales management, marketing, operations, IT, finance, and is currently serving on its Board of Directors. Prior to LDM, he held various executive leadership positions, most notably at United States Surgical Corporation (now Covidien) and Catalina Marketing’s Health Resource division. Bill is also a Limited Partner in Cultivation Capital Technology Fund, participates as a mentor in the Capital Innovators accelerator program, and is an angel investor himself. He holds an Electrical Engineering degree from the University of Wisconsin. Bill was also a torchbearer in the 2008 Beijing Olympics and lives in St. Louis with his wife and 3 children.

current job

Cultivation Capital
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1
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Ramy Adeeb

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current job

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1984 Ventures

People

Founders
3
Avik Som
Avik Som

Avik Som

Avik Som is the Resident Physician - Diagnostic and Interventional Radiology (Integrated) at Massachusetts General Hospital.

current job

Massachusetts General Hospital
Massachusetts General Hospital

organization founded

2

Avik Som

Blake Marggraff
Blake Marggraff

Blake Marggraff

current job

CareSignal
CareSignal

organization founded

1

Blake Marggraff

Joe McDonald
Joe McDonald

Joe McDonald

Joe McDonald is the President of CareSignal. Took up Master of Business Administration (MBA), Strategy Consulting and Corporate Finance at Washington University in St. Louis - Olin Business School.

current job

CareSignal
CareSignal

organization founded

2

Joe McDonald

Employee Profiles
6
Joe McDonald

Joe McDonald

President

Evan Huang

Evan Huang

Co-Founder / Chief Developer

Blake Marggraff

Blake Marggraff

Chief Executive Officer

Avik Som

Avik Som

Chief Medical Officer & Founder

Christine Stavridis

Vice president of product

Activity

Recent News
0