United States, Georgia - 06/04/2019 (PRDistribution.com)
Medxoom, an Atlanta-based Healthcare Marketplace and Payments tech firm, has raised $3.2 million in venture investment.
The funding round, led by Las Olas VC and TTV Capital, will be used to increase staff and platform expansion. Other participants included Lattice.VC and veteran Healthcare and Payments industry executives.
“Medxoom powers modern Healthcare Marketplaces. We offer a white label platform to plan administrators, payers and healthcare systems to improve member engagement, care selection and payments experiences”, says Jeff Toewe, Medxoom CEO and Co-Founder. “Medxoom powers a better experience for those seeking the best care providers for themselves and their loved ones. We look forwarding to driving meaningful improvements in America’s evolving Healthcare space,” said Toewe.
"The problems that lead to massive waste in our health care system are well known, yet poorly solved. Medxoom’s full-stack consumer engagement platform will bring dramatic and positive change to the industry and will help solve one of our biggest social problems," said Dean Hatton, LOVC Founding Partner. "We at LOVC are excited to be supporting the Medxoom team," said Hatton.
Sean Banks at TTV Capital added “The Medxoom product suite empowers consumers with a financial decisioning tool for their healthcare spend, while expanding the coverage options for self-insured employers who have the opportunity to optimize their health benefits experience.”
About Las Olas Venture Capital
Las Olas VC is a B2B focused, early-stage investment firm backing the next generation of enterprise tech founders. Las Olas VC's mission is to provide capital leveraging its extensive operating experience and network to help B2B founders win. Dean Hatton, Esteban Reyes, Paul Tanner and Mark Volchek are the Founding Partners of Las Olas VC.
About TTV Capital
TTV invests in fintech businesses that serve the widely varying needs of the financial services sector and the consumers of financial products. Our team of experienced technology and financial services professionals has extensive experience as venture capitalists and highly relevant industry operating expertise acquired across multiple economic cycles. We create value for entrepreneurs and investors by using our knowledge, experience, and relationships to help businesses grow and succeed.