Expanding our footprint: three new East Coast investments and a new office
After eight wonderful years in the Bay Area, I recently moved to the East Coast to help broaden the footprint of Rock Health. We want to invest in great companies regardless of where they are located, and that’s just what we’re doing.
Today we’re announcing three investments we’ve made in East Coast companies.
1DocWay (NYC) allows hospitals to deliver telemedicine services to underserved patient populations. Their current focus is telepsychiatry, which has proven as effective for mental disorders as face-to-face conventional treatment.
To date, 1DocWay has facilitated over 18,000 digital patient sessions, with an impressive 85% of patients returning for follow-up visits. We admire their focus on a vulnerable (and enormous) population of the 80M Americans living in rural communities with limited access to local psychiatric professionals. 1DocWay’s mission is to connect this population with the highest quality telepsychiatry services and care.
Samir Malik, who founded 1DocWay, is a former psychiatric hospital executive and McKinsey consultant. Along with his co-founders Danish and Mubeen, they are well positioned to make a huge impact on behavioral health.
The Arsenal Health team has analyzed millions of data points about patients from athenahealth to better predict behavior. This year they also began a partnership with athenahealth to market the Smart Scheduling product through the athenahealth marketplace. One of their happy customers, Steward Medical Group, is able to see 100 more patients every week by using Smart Scheduling.
The CEO and Co-founder, Chris Moses, is a 2010 graduate of the MIT CogSci program and founded the company out of the MIT Hacking Medicine conference.
Caeden (NYC) is developing truly wearable technology. The company is taking an orthogonal approach to the wearables market, focusing first on creating an iconic fashion brand, and next on embedding the latest biosensors into their product line. Their 2014 holiday launch was covered by The New York Times, and they were featured in Vogue’s April issue on wearables.
We love their differentiated approach, and believe they’ll be able to reach a demographic not yet touched by wearable companies when they launch this summer.
The company was co-founded by Nora Levinson (President & CEO) and David Watkins (Chief Creative Officer). Nora and David have worked together for almost a decade in consumer product development, including several years based in China at Jawbone and Skullcandy. And Soo Joo Park, the face of L’Oreal, is their spokesperson (no big deal).
These three incredible companies join our strong and growing list of portfolio companies located on the East Coast: Aptible (NYC), Cardiio (Boston), Docphin (NYC), Kit Check (DC), Neumitra (Boston), Podimetrics (Boston), Reify Health (Boston), and Wellframe (Boston).
We love bringing people together. In addition to funding companies, we’ll continue to host East Coast events like our women’s retreat and the Healthcare Data Happy Hour we co-hosted with Cloudera. And we’ll also be hiring a summer intern in NYC interested in learning about digital health.
Rock Health is committed to funding great companies across the US. If you’re fundraising, please tell us about your company.