Beyond Lucid Technologies Receives Funding From Dalmore Investments
Fund led by former UnitedHealth exec has interest in movement of prehospital
WALNUT CREEK, Calif. and MINNEAPOLIS, Nov. 14, 2012
WALNUT CREEK, Calif. and MINNEAPOLIS, Nov. 14, 2012 /PRNewswire/ --Beyond
Lucid Technologies, Inc., the company behind MEDIVIEW™—a mission-critical
documentation platform serving the ambulance, fire, and industrial emergency
response industries—today announced that it received a six-figure convertible
note from Dalmore Investments, LLC, an angel fund based in Minneapolis. The
two organizations' founders met in October at the DC to VC competition
sponsored by Health 2.0 and Morgenthaler Ventures, where Beyond Lucid
Technologies won the Series A venture round.
Dalmore Investments, LLC, is led by Dr. John Blank. A physician and president
of the fund, Dr. Blank was most recently Senior Vice President of the Emerging
Businesses Group at UnitedHealth Group (UNH). The fund has invested in
startups at the synapse of healthcare and IT, leveraging Dr. Blank's extensive
experience as a healthcare industry leader, payer, and care provider.
Dr. Blank said, "We know that each year, emergency responders lose roughly $3
billion in unbilled and uncollected revenue because existing methods are
ineffective to document care while traveling in a vehicle alongside a sick
patient. Generating reliable health records in the EMS context—and unlocking
the data they hold—has been a problem in search of a solution for years. We
are working with Beyond Lucid Technologies because we think MEDIVIEW™ provides
this necessary solution."
Jonathon Feit, Co-Founder & Chief Executive Officer of Beyond Lucid
Technologies, said, "We are thrilled to be working with Dalmore Investments,
because from the first time we spoke it was clear that they understood our
mission to 'connect the dots' between emergency responders and care
facilities, especially during times of maximum system stress. The innovations
we're bringing to market provide critical on-the-ground awareness for
responders during unfortunate incidents like Hurricane Sandy. This infusion
will help us grow the team that will transform emergency response."
About Beyond Lucid Technologies, Inc.
Beyond Lucid Technologies, Inc., based in Walnut Creek, CA, is an
award-winning IT firm whose mission-critical MEDIVIEW™ platform is packed with
innovative features—including GPS and telehealth—designed to make emergency
response safer, more efficient, and cost-effective…even during a disaster.
The firm won an NIH "Therapeutic Discovery" award in 2010, has partnerships
with Dell and Microsoft, and is affiliated with Rock Health and Startup
Health. BLT is a portfolio venture of Carnegie Mellon's Open Field
Entrepreneurs Fund. Online at www.BeyondLucid.com
About Dalmore Investments, LLC
DalmoreInvestments, LLC, based in Minneapolis, focuses on emerging healthcare
businesses with high growth potential. The angel fund is led by Dr. John
Blank, who has over 30 years in leadership of healthcare companies.
DalmoreInvestments is dedicated to providingmorethan just capital.
SOURCE Beyond Lucid Technologies, Inc.
Contact: Jonathon S. Feit, MBA, MA, Co-Founder & Chief Executive, Beyond Lucid
Technologies, Inc., +1-310-625-0979, Jonathon.Feit@beyondlucid.com
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