Glendale startup SnapMD Inc. has raised $175,000 out of $625,000 sought in a private equity offering, according to filings with the Securities and Exchange Commission.
The firm’s primary product is a telemedicine platform for tablets, smart phones and computers that connects doctors and patients online. It began raising the money in March in its first such offering.
The platform has yet to hit the market, and SnapMD noted in filings that the money raised is intended to fund completion of the product.
The company was co-founded by Rustin Morse, chief quality officer at Children's Medical Center Dallas in Texas; Chief Executive David Skibinski, a serial entrepreneur who has worked on several medical-related startups; Chief Operating Officer George Tierney; and commercial real estate veteran Doug Campbell.
Tierney and Skibinski previously co-founded Glendale marketing firm QuantumMethod Inc., whose clients include Verdugo Hills Hospital, American Red Cross and Southern California Gas Co.