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SnapMD Secures $7.1 Million Investment

SnapMD Inc., a telemedicine company based in Glendale, announced it has raised $7.1 million in funding. The firm said it would employ the funds to market its Virtual Care Management telehealth software, a cloud-based platform that connects physicians with patients across the U.S. “The new investment allows us to continue to further drive our marketing and business development efforts in support of our rapidly growing provider base across the country,” said Chief Executive Dave Skibinski in a statement. The SnapMD telemedicine platform now serves as the basis for a telehealth curriculum at the University of San Diego Hahn School of Nursing and Health Science, in addition to being the preferred telehealth provider of the American Academy of Pediatrics, according to the firm. The five-year-old firm had also raised $9.2 million in January 2016 and January 2017. Lead investors include Whittier Ventures of South Pasadena, TYLT Ventures of Santa Monica, and Shea Ventures of Walnut, according to Crunchbase.com, an investor data tracking firm.

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