Health IT startup Sansoro Health plans to double its staff after closing on a $5.2 million round of funding led by Bain Capital Ventures.
The Minneapolis-based company makes Emissary, a software application that integrates disparate electronic medical records systems and connects those systems with third-party apps, such as analytics tools. Customers can use the technology to view patient records contained in multiple systems on a single display.
Sansoro launched about two and a half years ago and has about 16 employees, a number it expects to double over the next year. Hiring efforts will largely focus on sales and marketing staff.
Sansoro’s core customers are health systems, though it also licenses its technology to digital health businesses, which embed Emissary into their products, said CEO Jeremy Edes Pierotti.
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Edes Pierotti declined to disclosed Sansoro’s revenue.
Sansoro started raising capital in January and closed out its Series A round March 31. Bain appealed to Sansoro partly because of the firm’s experience backing and advising health IT companies, Edes Pierotti said.
“They know how to help infrastructure companies like ours scale,” he said. “They’re not just bringing money to the table.”
Sansoro’s most direct competitor is Madison, Wis.-based Redox Inc., which closed on $9 million in funding led by New York-based RRE Ventures in January.
Health care providers are using a growing number of software applications, thanks to the rise of electronic medical records systems and digital health startups. The biggest frustration they face is getting all those products to work together, Edes Pierotti said. “They know no one company is going to solve all of their IT needs. What they’re tired of is the length of time it takes to integrate.”
Sansoro previously raised $1.2 million in funding in a round led by San Francisco-based Healthy Ventures. Minneapolis-based TreeHouse Health also participated in that round of funding.
Date: April 16, 2017