By Joel Stinnett – Reporter, Nashville Business Journal
NASHVILLE, TN (November 15, 2018) – A Nashville-based health-tech startup has received a new round of funding led by Nashville Capital Network, with investments from several local health care executives, the company announced Wednesday.
CareHarmony closed on the $2 million investment last week, NCN Managing Partner Chase Perry said. As part of the deal, Perry and PopHealthCare Chief Financial Officer Kirk Stanley will join CareHarmony’s board of directors.
Founded in 2015, CareHarmony provides software and services for chronic disease management with 24/7 care coordination, according to a news release. Perry said the company’s founder and CEO, Gokul Mohan, is who originally attracted them to CareHarmony, and that the startup’s products are what convinced NCN to invest. He said CareHarmony’s platform is turnkey and can be implemented in both mid- and large-scale health systems.
“There are other companies addressing these problems, but CareHarmony is doing it in a sophisticated way,” Perry said. “The more we learned about the space and their solution the more we got excited.”
The capital will be used for product development and to attract new customers, Perry said. CareHarmony has seen its client list expand in recent months, fueled by demand from accountable care organizations and larger hospital systems.
“We are excited to welcome NCN, and its affiliated partners, as new investors. Having the financial and strategic support of investors like NCN fuels our momentum as a company and helps establish us as the innovative market leader in the space,” Mohan said in the news release. “Today, we are one step closer to forever changing the way care is delivered for the chronically ill.”
