Press Release: angelMD Launches Crowdfunding-Based Healthcare Investment Marketplace

San Francisco, CA (PRWEB) January 08, 2014angelMD, a Healthcare investment marketplace announces, at the start of the 2014 JP Morgan Healthcare Conference, its plan to transform the funding ecosystem for medical startups. angelMD removes the inefficiencies of the current venture capital funding model while addressing the specific needs of early stage businesses in the healthcare and life-sciences technologies. angelMD empowers physicians to exercise leadership as sources of both expertise and capital in support of healthcare innovation.

Through the angelMD crowdfunding portal and companion iPhone app, medical startups from all over the world can register and build a profile for their company, giving them instant exposure to a nationwide network of physicians.

In parallel, physicians can register on angelMD at no cost and browse companies in their areas of expertise and interest. Select companies will be presented for investment each month. Physicians can invest directly in deals or through forthcoming funds or through both.

“Physicians are the smart money when it comes to investing in medical startups. They are on the front lines of healthcare delivery and when they invest in what they know, their batting average goes up,” said Tobin Arthur, angelMD Chief Executive Officer.

Adds Klaus Mergener, MD, PhD, angelMD Chief Medical Officer, “While early stage investing has some of the best potential returns, many physicians are reluctant to engage because they lack the time to actively source and manage these opportunities. In addition, as individual angel investors they hold little influence in the lifecycle of the investment. angelMD mitigates these issues by actively managing early stage investing on behalf of our physician investors and by aggregating our investors into groups that carry weight throughout the process.”

About angelMD

Based in San Francisco, California and Seattle, Washington, angelMD is a healthcare investment marketplace leveraging a powerful crowd-funding platform that connects physician investors with innovative medical startups seeking capital investments, advisors, and users.  For more information, visit www.angelmd.co. Leading physicians from all over the US have joined the angelMD Clinical Advisory Board and Leaders Club to help source and evaluate opportunities in biotechnology, medical device and healthcare technology.

Contact

Darci Moreau  /  darci@angelmd.co  / 650.389.9595 x 700

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Health Funding Trends: Look Back at 2013

Happy New Year, friends of angelMD.  Rock Health recently published an solid snapshot of the digital health funding trends for 2013. It’s great to see evidence that the industry is growing steadily.

There was a rise of new investors who participated in only one deal last year, which grew 70 percent from the year before, and within this group, 75 percent hadn’t completed deals in the space in 2012 or 2011. Around 32 percent of investors that completed one investment in 2012 invested again in 2013

As we near the official launch of angelMD at the JP Morgan Healthcare Conference in San Francisco, we anticipate continued growth in the medical startup space overall and look forward to contributing.

You can read the full article here.

 

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angelMD Registration – Now Invitation Only

Over the past several months, the angelMD team has been preparing the web site and welcoming new physician investors to the network. As we move into the home stretch before our official launch at the J.P. Morgan Annual Healthcare Conference in San Francisco, we have shifted registration to an invite-only system.

We are excited by the response we had during our Alpha testing period and welcome interested physicians and dentists who did not get a chance to register to add their name to our waiting list. In Q1 we will begin funding companies and will be making announcements to that affect, including the launch of our first fund at the launch. We will add investors to network intermittently throughout Q1 as we increase the volume of funding deals.

 

 

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Avado Acquired by WebMD

Congratulations to Seattle businessman Dave Chase and his company Avado, which was acquired by WebMD:

Since launching in 2011, Avado founders and Microsoft veterans Dave Chase, Bassam Saliba and John Yii have sought to do for healthcare and personal health records what Salesforce has done for Customer Relationship Management (CRM). The idea, Chase says, has been to increase the level of connectivity between healthcare providers and consumers to make the delivery of care more efficient and improve patient outcomes.

Chase and his co-founder Bassam Saliba will be joining the WebMD team, as will many of the employees of Avado, who work at the Seattle headquarters.

You can read TechCrunch’s coverage of the acquisition here.

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