Self Care Catalysts Raises $2 Million Seed Round to Further Develop Patient Intelligence Platform
Self Care Catalysts, a patient informatics, intelligence and self care startup this week announced it has raised $2 million in seed funding.
The investment by Prosoft Development, a privately owned company that invests in information technology, software development, and solutions for the healthcare and pharmaceutical industries, will fund further development of Health Storylines, a mobile and web-based patient intelligence, analytics and self care platform, and Patient Storylines, an enterprise data and behavior analytics platform.
Self Care Catalysts, with offices in the MaRS Discovery District in Toronto, has raised a total of $2.7 million to date since it pivoted from a patient research company to healthcare informatics.
“Self care and patient advocacy are two of the most important trends in healthcare and healthcare informatics today,” says Self Care Catalysts CEO Grace Soyao. “They can play a critical role in driving down healthcare costs, facilitate better treatments and drug therapies, accelerate care in clinical settings, drive drug development, open market access and reduce re-admission rates.”
“In the past, patients have been mere participants in the healthcare process, excluded from active participation in healthcare decision-making,” Soyao added. “Our Health Storylines platform shifts the power back to patients, allowing them to take control over their disease journey by providing a vehicle where they can tell their own stories, tap into insight and daily guidance, and connect to their circle of support.”
Company founder Soyao was named a top innovator at the 2013 Young Ventures Summit.
The startup also has offices in San Francisco.