Mercury Fund leads seed round for Filament Labs

Austin-based Filament Labs has closed $1 million in seed funding. Mercury Fund led the round with participation from other investors that included Corinthian Health Services and Arcadia Home Care. According to the firm, the capital infusion will be used grow their flagship product, Patient IO, a care plan delivery platform for health professionals.

PRESS RELEASE

AUSTIN, Texas–(BUSINESS WIRE)–Filament Labs raised $1 million in a seed round led by Mercury Fund to grow their flagship product, Patient IO, a care plan delivery platform for health professionals. Patient IO helps health professionals create personalized care plans that can be seamlessly delivered to patients outside the clinic. The platform’s mobile care plans enable patient self-care and unlock superior data insights about adherence and patient health outside the clinic. Learn more about Patient IO at http://patientio.com.

For patients, Patient IO enables doctors to deliver treatment-specific tasks, reminders and educational content directly to patients’ or their caregivers’ smartphones. Patient IO synthesizes multiple care plans from multiple providers into a unified set of daily tasks for the patient. Health professionals can review submitted health information in real-time as patients complete their care plan.
“Mobile care plans create informed, accountable patients, contributing to improved outcomes and decreased costs for accountable health care providers. With this funding, we will continue to modernize paper-based care plan programs and bring them into the digital era through the Patient IO platform,” said Filament Labs CEO Jason Bornhorst. “Patient IO was built in close collaboration with patients and their providers—we absolutely had to build a product designed to fit within existing health care workflow. Starting today, working with Corinthian Health Services and Arcadia Home Care, we will be improving health care for patients and providers alike by bringing care plans from paper to mobile.”
Patient IO’s web dashboard lets health professionals track their entire population from their desktop. User-configurable alerts are sent if patients stray too far from their care plan, helping providers focus on their highest risk patients. And unlike other care plan solutions, Patient IO offers a full set of API’s to make integration with existing care management software seamless.
In addition to Mercury Fund, Corinthian Health Services and Arcadia Home Care also participated in the seed round. Both companies have also signed deals with Filament Labs, and Patient IO has already been deployed to approximately 4,000 patients as of April 1, 2014, and will be deployed to another 4,000 patients in June.
“Corinthian is known for delivering a superior patient experience. Engagement has always been a focus for us. Patient IO puts us even further ahead of the curve,” said CEO Judi McQuery. “We are taking advantage of the Patient IO platform across all of our clinics, and we’ve made a strategic investment in Jason and his team because of how well they listen to what providers really need.”
Arcadia’s CFO Aaron Goldstein added: “Arcadia is a leader in the home care space for a reason. We are always innovating. We think that Patient IO will fundamentally improve how we deliver care. We’re honored to partner with and invest in Patient IO to bring this new platform to market. Patient IO embodies everything that is great about performance-based healthcare, for patients and providers alike.”
Joining Mercury Fund, Corinthian and Arcadia in the seed round were a number of angel investors, including: David Cohen (Techstars), Walt Winshall (PatientsLikeMe), Marc Weiser (RPM Ventures), Wendy Smith (Healthcare), Dr. Farnam Jahanian (University of Michigan), Dean Drako (Eagle Eye Networks), Eric Simone (ClearBlade), Jeff Schox (Schox Law), Larry Abrams (Author), Rick Borenstein (Sequoia Partners), and Russell Hinds (RSH Ventures). Patient IO previously raised $160K as part of their participation in the Techstars program in Austin.
“There is a lot of noise in the mobile healthcare space, driven in part by the consumerization of information technology,” said Mercury Fund Managing Director Blair Garrou. “We believe startups like Patient IO, that are laser focused on user experience, can quickly become market leaders and truly disrupt the status quo.”
Filament Labs was founded in March 2013 by CEO Jason Bornhorst (Mobiata, Expedia), Chief Product Officer Colin Anawaty (Plerts, Rev Worldwide), and CTO Brian Gambs (HealthShare, WebMD).
About Patient IO:
Patient IO is a care plan delivery platform that helps health professionals create fully-customizable care plans that can be seamlessly delivered to patients outside the clinic. Patients receive treatment-specific tasks, reminders and educational content directly on their smartphones, helping health professionals manage patient health behaviors between doctor visits.
Patient IO is the flagship product of Filament Labs. The company was founded in March 2013 by CEO Jason Bornhorst (Mobiata, Expedia), Chief Product Officer Colin Anawaty (Plerts, Rev Worldwide), and CTO Brian Gambs (HealthShare, WebMD). They are joined by Head of Mobile Sebastian Celis (Mobiata, Expedia).
To learn more, please visit: http://www.patientio.com.
About Mercury Fund:
Mercury Fund is a seed and early-stage venture capital firm headquartered in Houston, Texas. With over $200 million under management, Mercury invests in compelling and novel software and science-based start-up opportunities, focusing on entrepreneurs and innovation originating in the U.S. Midcontinent. Since inception in 2005, Mercury has become one of the most active venture funds in the Midcontinent, becoming a “go-to” fund for entrepreneurs at the earliest stages of idea generation, company formation, and market execution. To learn more please visit: http://www.mercuryfund.com/.
About Corinthian Health Services:
Corinthian Health Services is a leader in infusion management for the past 15 years and is widely recognized as an expert in IVIG for neurological and autoimmune diseases. To learn more, please visit: http://corinthianhealth.com/.
About Arcadia Home Care & Staffing:
Arcadia Home Care & Staffing is a leading provider of home care and medical staffing. Service offerings include: skilled care, personal care, and supportive services in the areas of Alzheimer’s and hospice as well as traumatic brain and spinal cord injury. To learn more please visit: http://www.arcadiahomecare.com.

 

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