New Funding, Customer Additions Drive Strong Growth for mPulse Mobile
mPulse mobilemPulse Mobile has found momentum in 2016, enjoying rapid growth fueled by what the young company calls demand for innovative solutions that lower costs and improve health outcomes.
On Thursday, the mobile engagement solutions provider announced significant achievements attained in the first quarter of 2016.
Among its successes are additional venture capital investments totaling more than $13M, several new key customers, and patent approval of its hallmark secure messaging solution.
If you’re not familiar with mPulse Mobile, the helps its more than 50 U.S. health plan, provider, and pharmaceutical clients “solve some of the industry’s most expensive challenges including missed appointments, medication adherence, and gaps in care, through more effective consumer engagement.”
Promisingly, the company was recently granted a patent by the U.S. Patent and Trademark Office for its secure mobile messaging solution, “which fosters dialogue between its customers and their consumers.”
Less than a year since the company’s founding, the latest financial investment in mPulse Mobile, from partners Cambia Health Solutions (Cambia) and Rincon Venture Partners, brings the total amount raised to more than $13M, oversubscribing and closing the Series A round. In January, the company announced it secured $10M in its first close of funding from HLM Venture Partners, OCA Ventures, Merrick Ventures and Jumpstart Ventures. In August 2016, it closed on $1.7M in a round of bridge funding.
What’s more, the latest addition to mPulse Mobile’s lengthening roster of clients is Delaware Health Information Network (DHIN).
DHIN is working with mPulse Mobile to develop a customized two-way mobile messaging solution to connect consumers more deeply with personal health information – their own and loved ones’.
Not surprisingly, mPulse Mobile CEO Chris Nicholson is pleased and inspired by the momentum.
“The demand for mobile solutions in healthcare is evident by the speed at which we’ve flourished over the past year, and particularly in the first three months of 2016,” said Nicholson in Thursday morning’s news release. “As the healthcare industry continues to place an attuned focus on implementing strategies to lower costs and better outcomes, and recognizing the importance of meeting consumers where they are, we look forward to building on the momentum we’ve generated thus far by continuing to work with best-in-class companies to achieve their goals.”
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