Symptom.ly
Company

Last deal

$300K

Amount

Seed

Stage

12.06.2014

Date

1

all rounds

$300K

Total amount

General

About Company
Symptom.ly is a symptom-tracking platform that helps reduce hospitalization and emergency room costs.

Industry

Sector :

Subsector :

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founded date

01.08.2013

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Symptom.ly's platform, eAsthma Tracker, has been proven to significantly reduce child asthmatic hospital readmissions. It tracks symptoms, notifies physicians of progress, and can be expanded to include other chronic diseases such as cardiovascular, COPD, hypertension, and diabetes. The initial target market is the $3.6 billion market for asthmatic children, with potential expansion into the $17.5 billion cardiovascular market. The company's management team has strong industry relationships, and their sales and marketing strategy focuses on data-driven solutions and partnerships with insurance payers and Children's Hospitals. The business model includes licensing their platform-as-a-service and developing customer-specific modules, while also collecting valuable population health data. Symptom.ly's competitive advantages include clinical validation, exclusive licensing, and a pending patent.
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