By: Timothy Hay | February 5, 2014 (Featured in the Wall Street Journal Print Edition)
Several startups are trying to bring doctors and nurses into the modern age of mobile communications, which mean promising a secure network that can deliver clinical information to smartphones and tablets.
One such company, TigerText Inc., based in Santa Monica, Calif., has raised a $21 million Series B round.
The company offers an application of iOS and Android devices that is meant to be downloaded by hospital administrators, Chief Executive Brad Brooks said. The administrator who pays TigerText a subscription fee then asks hospital staff to join the network.
The network, which also includes nurses and other staff, is a secure communications channel that lets health-care workers text-message one another during the workday.
The Series B was provided by new investor Shasta Ventures, joined by newcomers OrbiMed Advisors, Reed Elsevier Ventures and Telus Ventures, Mr. Brooks said.
Existing investors Easton Capital, New Leaf Ventures and New Science Ventures joined in the funding, he said.
The company previously raised $12.5 million in various funding events, Mr. Brooks said. Valuation wasn’t disclosed.
The company’s app-based system, which doesn’t require a hardware installation, is in use in 3,000 facilities today, Mr. Brooks said.