Phynd Tech Raises $2 Mln


Invest Nebraska Corp. said Wednesday it participated in Phynd Technology’s $2 million seed funding round. Phynd, of Kearney, Neb., is a Provider Management Platform that helps healthcare institutions and providers operate more efficiently.

PRESS RELEASE

KEARNEY, NE (July 3, 2013) – Invest Nebraska Corporation announces participation in Phynd Technology’s $2 million seed funding round. Proceeds from this investment will provide working capital for final software development, intellectual property protection, and sales and marking efforts. Invest Nebraska led a group of angel investors based in Nebraska and Texas.
Phynder is creating an accessible, continually updated database of contact information for medical providers (doctors, nurses, allied health professionals). By eliminating contact gaps, Phynder benefits hospitals by reducing costs, improving compliance, and increasing operational efficiency.
“The entrepreneurs we seek to back often find uncommon opportunity in the midst of a major problem,” said Mark Crawford, CEO and Investment Manager at Invest Nebraska. “Their well-timed market entry is evidenced by the customers who are already asking for this product. Phynder stands out as an exceptional startup, and we are very excited about this new investment.”
About Invest Nebraska
Invest Nebraska is a Nebraska-based venture development organization focused on advising and investing in technology and high growth companies. It is partially funded by the Nebraska Department of Economic Development through the Talent and Innovation Initiative.
About Phynder
Phynder is the first Provider Engagement Management (PEM) system that enables healthcare institutions and providers to operate more efficiently. The software will input validated contact information of medical professionals directly into existing clinical software systems and personal mobile devices.