Beyond Lucid Technologies Secures Funds From Dalmore Investments

IT business Beyond Lucid Technologies has received a six-figure convertible note from Dalmore Investments, 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.

PRESS RELEASE

Beyond Lucid Technologies, Inc., the company behind MEDIVIEW(TM)–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(TM) 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(TM) 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.

About Dalmore Investments, LLCDalmore Investments, 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. Dalmore Investments is dedicated to providing more than just capital. Contact: contact@dalmoreinvestment,com

SOURCE Beyond Lucid Technologies, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved

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