Web3 healthcare information platform Rymedi raises $9 million in Series A funding
Blockchain-based healthcare data platform Rymedi has raised $9 million in Series A funding.
RW3 Ventures and White Star Capital co-led the round, which had additional participation from Blockchange Ventures, Avalanche’s Blizzard Fund and angel investors.
Rymedi streamlines the transfer of medical records and data via blockchain, and it intends to use the funding to bolster data security and healthcare record accessibility.
Decentralized data platform
“Our decentralized data platform is diminishing roadblocks that healthcare systems have faced for far too long,” David Stefanich, CEO and Founder of Rymedi, said in a statement.
“Data entry errors and healthcare compliance issues slow the development of life-saving research, patient care, and occupational health processes,” he continued. “We are improving the overall healthcare experience with this technology.”
Rymedi is based in Greenville, S.C. and was founded in 2018. The firm claims to serve over 1 million patients across 1,200 locations in the U.S., Africa and Australia, according to the company.
Rymedi did not respond to a request for comment from The Block for additional information.