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FOLD HEALTH RAISES $6M IN A FUNDING ROUND LED BY IRON PILLAR
About Fold Health -
Fold Health is a San Fransisco-based digital health company that provides a platform for value-based primary care. The company was founded in November 2021 by Abhijit Gupta and Ram Sahasranam who are serial entrepreneurs and investors in healthcare.
Fold will use the fresh capital to expand its platform and attract top talent, according to a statement. This recent capital infusion builds upon the company's previous raise in 2022, bringing its total funding to $12 million.
- By offering a highly adaptable platform, Fold Health enables customers to use modular tools tailored to their unique requirements. This eliminates the need for healthcare providers to develop software solutions from scratch.
- The platform runs on any browser-based system including mobile phones. Fold's software can pick up signals from a patient's wearable such as an Apple Watch or a glucose meter and relay it to the doctor who is taking care of the patient.
- The company follows a per patient per month pricing model where the company, following a SaaS-based pricing model, charges the customers based on the number of patients they're working with instead of paying for a flat license fee.
- Fold's solution is the first EHR (electronic health record)-integrated microservices platform designed for collaborative care teams.
