(PRWEB) October 10, 2012
Morgenthaler Ventures, a premier venture capital firm, and Health 2.0, the conference that showcases the leading new technologies in healthcare, today announced the winners of DC to VCs HIT Startup Showcase, a contest that identifies the promising health IT startups seeking funding. After 12 on-stage presentations in front of leading venture capitalists, angel investors, government officials and entrepreneurs, the judges selected Beyond Lucid Technologies as the winner of the Series A funding category and Aidin as the winner of the Seed Stage category.
Were very proud of the entire class of competitors. These are the very best ventures from across the country, and each one is raising the bar in the Health IT industry,” said Rebecca Lynn, Partner at Morgenthaler Ventures and head of the firm’s health IT investing team. The finalists are the future of our industry. In particular, for the Series A category, Beyond Lucid Technologies stood out by presenting a comprehensive emergency-response solution that addresses a real pain point and proving traction with paying clients.
In the Seed Stage category, Aidin was selected for being the Yelp for post acute care providers that integrates directly into the discharge planning workflow, said Anne DeGheest, Managing Director & Founder, Health Tech Capital. Aidin also won the Peoples Choice award through an audience vote.
The Series A Peoples Choice winner was CarePlanners.
The 12 finalists of the DC to VC: HIT Startup Showcase were grouped into two categories: companies seeking Series A Venture funding ($ 2-5M+) or Seed Stage funding. The Seed stage candidates were submitted by the events accelerator partners: Rock Health, Blue Print Health, Healthbox and Startup Health.
The winners were hand picked by two independent panels of Venture Capital and Health IT judges for each category and graded using a strict criteria. More information on the criteria can be found here.
Beyond Lucid Technologies offers an electronic health record (EHR) solution for Fire and EMS agencies and industrial-emergency response teams. The company is located in Walnut Creek, California. Aidin, a submission from Blue Print Health, is a hospital discharge solution for social workers and case managers to refer patients to post-acute care providers or to receive care in the home. The company is headquartered in New York City, New York.
“With over 200 applications for the DC to VC Startup Showcase, the pipeline for health IT startups has never been more impressive. This year we saw a lot of interesting themes emerge in the application pool, like companies that are focusing on Big Data and Care Coordination. We also saw companies that were more mature in revenue and customers, said Missy Krasner, Executive in Residence (EIR) at Morgenthaler Ventures, and former Google Health founding member.
For a full recap of the presentations at DC to VC, please visit: http://www.dctovc.com/news/.
About the Competition
DC to VC was spearheaded in 2010 by Rebecca Lynn of Morgenthaler Ventures to build bridges between Washington, DC policy makers and venture capitalists as well as entrepreneurs focused on Health IT. This year, the contest was organized by Morgenthaler Ventures and Health 2.0 and opened to any U.S. based entrepreneur looking to raise Series A or Seed capital for their health IT startup. Applications were judged by a pre-selection round of judges that included:
Morgenthaler Ventures Announces Winners of the 2012 DC to VC: HIT Startup Showcase
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