Israeli telemedicine firm attracted major investors

2019-01-24

Israeli telemedicine firm attracted major investors

Israeli firm Tyto Care that offers telemedicine solutions raised $9 million in the additional round of funding. Today the total sum of investments raised by the company equals to $33.5 million.

Sanford Health, Itochu, and Shenzhen Capital Group played the role of new strategic investors. They added funds to the capital raised in the Series C round using Ping An Global Voyager Fund.

Tyto Care offers remote medical services to citizens of the USA, Japan, and China. The company thinks that due to the big number of remote areas with restricted access to medical aid, countries have to increase the transfer rate of medical data.

CEO of Tyto Care Dedi Gilad says the raised funds show how important telemedicine is today. He believes that financing from strategic partners will help to boost the growth of the project and improve quality of remote medical assistance.

“Tyto Care aims to provide high-quality medical services at homes, which is especially important for Chinese patients,” the chairman of Shenzhen Capital Group says. “We are glad to join the company to help it enter the Asian and other markets.”

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