Bridge Connector Secures $5M in Additional Funding to Advance iPaaS Healthcare Data Platform

VCBeat (WeChat ID: vcbeat) learned from foreign media reports that on December 11, 2019, U.S. healthcare information technology company Bridge Connector announced it had secured an additional $5 million in funding. This round of financing was jointly led by private investor Jeff Vinik and venture capital firm Axioma Ventures.

It is reported that Bridge Connector previously secured a total of $20 million in seed and Series A financing from Axioma Ventures in June and August 2018, respectively. With the addition of the current $5 million funding round, Bridge Connector has raised a cumulative total of $25 million since its inception. The company intends to allocate the newly acquired funds toward the continued rollout of its iPaaS health data system.

Bridge Connector, founded in 2017 and headquartered in Nashville, Tennessee, is transforming communication across all facets of healthcare. Through Bridge Connector’s iPaaS (Integration Platform as a Service) data integration platform and other solutions, healthcare organizations can automate data transfer between disparate systems without requiring internal IT support. The company’s business model aims to create an ecosystem where all healthcare organizations, regardless of size, can share data equitably.

Regarding the investment in Bridge Connector, investor Jeffrey Vinik stated, “Over the past decade, medical technology within the healthcare sector has advanced by leaps and bounds, and there has been an explosive growth in medical devices that collect patient health data. However, the ecosystem for collecting and connecting this data has not evolved at the same pace. Bridge Connector’s iPaaS platform is critical to improving patient care, as it enables healthcare providers to effectively leverage these data points to deliver personalized treatment plans for patients.”

David Wenger, Founder and CEO of Bridge Connector, stated, “We are fortunate to have the support of Jeffrey Vinik. With his extensive investment experience, he shares our belief in the power of data and its potential to address a range of shortcomings in the healthcare system. Mr. Vinik’s investment plays a significant role in supporting our company’s growth and will help us build a more cohesive healthcare system that delivers more effective patient care.”

Axioma Ventures, established in 2017, is a venture capital firm primarily investing in early-stage technology startups. Recognized for its strong execution, leadership, and global influence, Axioma Ventures has been listed among the Fortune 1000. By investing in technology-driven startups, Axioma achieves rapid growth in shareholder value.

iPaaS Health Data System is a set of automation tools used to connect software applications deployed in different environments. iPaaS can aggregate on-premises applications and data with cloud-based applications and data, and is frequently applied to data connectivity and sharing between B2B enterprises.

(Compiled by Wang Fang)