How K Health Used Crunchbase to Secure $25 Million in Funding
K Health, an Israeli-American digital health startup, recently secured $25 million in funding. The company provides a digital primary care service that uses artificial intelligence to analyze medical records and give patients a diagnosis through the app. The investment came from venture capitalist firms such as 14W, Comcast Ventures, and Mangrove Capital Partners. In this blog post, we will explore how K Health used Crunchbase to secure this significant funding.
What is Crunchbase?
Crunchbase is a platform that offers data and insights on private and public companies. It is a valuable resource for businesses and investors looking to research potential investment opportunities. Crunchbase offers information such as company funding, leadership changes, and mergers and acquisitions. Crunchbase has become a popular tool for companies looking to attract investors.
K Health’s Use of Crunchbase
K Health’s use of Crunchbase was decisive in securing its latest funding. The company used the platform to showcase its impressive growth. Crunchbase’s data showed that K Health had over 4 million users, with 100% year-over-year growth. Moreover, it showed that K Health had raised over $40 million in funding before its latest round.
Crunchbase also helped K Health identify potential investors. The platform allowed K Health to research investors who had previously invested in similar companies. K Health identified investors who had backed telemedicine companies and were likely to be interested in K Health’s digital primary care service. K Health was able to use Crunchbase’s data to build a targeted investor list.
Closing Thoughts
K Health’s successful use of Crunchbase demonstrates the platform’s power in discovering investment opportunities. By showcasing its growth and identifying potential investors, K Health was able to secure a significant amount of funding. Entrepreneurs and investors can benefit from using Crunchbase’s data to make informed decisions. The use of data analytics, such as those provided by Crunchbase, is becoming increasingly important in securing funding and growing a successful business.
