Boston-based app Wellframe reports receiving $8.5 million in financing for its new wellness app, according to a Boston Business Journal report.
The app aims to serve as a patient health management tool by connecting physicians with patients. Both patients and providers can use the app as a daily check-in tool. Patients can receive medication reminders or "daily to-dos" to follow during the recovery process. Clinicians can use the app to monitor patients.
In April, Wellframe received $1.5 million in seed money from investors, including athenahealth. The latest round of investors include Draper Fisher Jurvetson (the majority investor), Formation 8, Waterline Ventures and Queensbridge Venture Partners, according to the report.
Additionally, South Shore Hospital in South Weymouth, Mass., has already signed on as a commercial buyer, according to the report.
Engineers continue to upgrade and bolster the app as it works its way toward commercialization.
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