Healthcare technology startup Reveal HealthTech has raised $4 million in seed funding from healthcare-focused W Health Ventures.
The company will use the funding to scale its business, recruit talent, expand its customer base and develop fundamental technical capabilities. This is W Health’s first investment in healthcare technology services.
“As technology takes part in driving healthcare transformation, the industry needs partners to help drive the purposeful adoption of technology to build new digital care pathways. At Reveal HealthTech, we seek to meet this need with clinical expertise and strategic insight,” said Sanchit Mullick, Founder and CEO of Reveal HealthTech.
“W Health Ventures’ global expertise and focus on the health tech space gives us a deep understanding of the industry’s challenges and will help accelerate our progress towards becoming an industry leader,” he added.
Founded by Mullick, Salim Afshar and Andrew Bravo, Reveal HealthTech provides technology services to healthcare companies through engineering, clinical and strategic support. The company aims to work with healthcare companies globally, especially in the United States.
The company claims to have worked with 1.5 lakh engineers who manufacture products for the US healthcare industry.
“With US healthcare technology spending growing at a CAGR of 13% and healthcare regulations changing, there is a clear need for an agile and industry-focused technology services company that understands the challenges other healthcare companies face,” said Pankaj Jethwani, Partner at W Health Ventures.
“Reveal’s differentiated approach makes them the ideal player to drive positive change in the technology-driven healthcare ecosystem. We are excited to partner with Sanchit and his leadership team, who have extensive expertise in technology, healthcare strategy and care delivery,” he added.