Durham digital health startup Pattern Health announced today that it has closed a Series A funding round of $3.3 million to fuel its growth.
Co-Founder and CEO Ed Barber describes Pattern Health as “like WordPress or Shopify, but for digital health.” From research powered by the National Institute of Health (NIH) to cardiac rehab, the no-code platform allows researchers, healthcare providers and clinicians to build mobile apps quickly and at a lower cost.
“It really helps us be better, faster and more cost-effective than any other solution,” Barber said. “This is on top of our high-trust, certified, HIPAA-compliant platform. We get really great traction with anyone who’s doing digital health research or direct clinical innovation.”
Though the new funding round was led by the Connecticut-based Dr. William H. Joyce Family Office, local existing investors like Cofounders Capital, The Launch Place, and the Triangle Tweener Fund returned for this round as well. Allen A. Spizzo, a representative of the Joyce Family Office, will join Pattern Health’s board of directors, joining Cofounders Capital’s Tobi Walter on the board.
“Pattern has made an impressive impact to date, and we are excited by the opportunity to scale the business,” Spizzo said in a Pattern Health press release. “Pattern’s no-code platform is a game-changer for healthcare researchers and innovators, and the company solves an unmet need by providing a pathway for effective digital health programs to reach patients quickly.”
Support in the Triangle community, Barber said, has been crucial throughout Pattern Health’s growth from three co-founders in 2013 to an expanding team of 19 today. The revenue and team growth has been exciting, Barber said, but this funding will mean something even more exciting: providing still more functionality to Pattern Health partners.
“We are thankful to the academic medical centers, health systems, and leading researchers that have put their trust in Pattern as their digital health innovation partner of choice,” Barber said in a press release. “Our Series A will enable us to more rapidly improve our technology, expand our footprint, and benefit more people at a greater scale.”
While Pattern Health declined to share specifics regarding revenue or growth, Barber said the company has exceeded its growth forecasts from when GrepBeat last profiled them in 2019.
The company currently services 12 of the top 20 academic medical centers in the U.S. as measured by NIH funding. The $3.3 million will be spent scaling, with hopes to reach more partners in the health and research fields.
Followers of Pattern Health should be on the lookout for more partnerships in the coming months, Barber said.
“Looking to the future, we will continue to see the business grow, the team grow, and product and services capabilities,” Barber said. “The cool thing about what we’re doing is we’ve got what we think is really the most configurable, flexible digital health platform. We’ve continued to expand those capabilities to serve more therapeutic areas, more workflow use cases, and really deepen the set of integrations that we power, which really just provides more flexibility for our partners.”