Digital health and technology company Electronic Caregiver closed on $30 million in funding to bring the company's latest funding round total to $42.5 million.
Electronic Caregiver is an Amazon Web Services partner that specializes in remote patient monitoring and telehealth technology. More than 90 percent of the funds in the latest round came from repeat investors, according to an Oct. 24 Electronic Caregiver news release.
"ECG's revenue growth is currently accelerating at hyper-growth, we project revenues to hit an annual $250 million plus run rate by the end of 2024," Electronic Caregiver President Joe Baffoe said. "The company now serves [more than 20,000] customers and estimates their customer base will exceed 250,000 by the end of 2024."