University Hospitals

– Babyscripts, a Washington, DC-based virtual care platform for managing obstetrics, raised $12m in the first close of its Series B funding.
– The round was led by MemorialCare Innovation Fund, a strategic healthcare investment company, with participation from Philips and the CU Healthcare Innovation Fund, as well as Banner Health, WellSpan Health, University Hospitals, and the Froedtert & the Medical College of Wisconsin health network.
– The new investment will be used to roll out its Babyscripts Virtual Maternity Care solution to providers across the US.

– Axuall, a digital professional identity network that enables healthcare providers to share their authenticated credentials and qualifications in real-time, announced that they closed $10.4m in Series A funding led by Flare Capital Partners.
– The round was led by Flare Capital Partners and includes participation from the company’s executive leadership, Intermountain Ventures, University Hospitals Ventures, MedStar Health, Epsilon Health, InHealth Ventures, AV8 Ventures, JumpStart, M25 Ventures, and North Coast Ventures.
– Capital from this financing will be used to accelerate R&D, implementations, sales, and marketing as the company grows its customer base of healthcare organizations.
– “Led by Flare Capital Partners and representing over two dozen healthcare organizations, this financing represents a ringing endorsement from the healthcare community,” said Axuall’s CEO, Charlie Lougheed.