Indianapolis med-tech firm GeoH closes on $3M seed plus round
Summary
GeoH has developed a software platform that provides scheduling, payroll, billing, reporting and analytics, notifications, and user management capabilities for home care agencies, managed care organizations and state aggregators. “We are thrilled to have the support of our investors as we enter this next phase of growth,” CEO Tom Bumgardner said in a news release. “This funding will enable us to expand into skilled care, broaden our geographic reach throughout the Midwest and Southeast, and enhance our tech-enabled platform to better serve our clients.” Additionally, GeoH plans to use the funds to support strategic merger and acquisition opportunities and grow its workforce in its sales and marketing, development, and services divisions. “We are excited to lead this round in support of the success that GEOH has experienced since our initial investment in late 2022,” Boomerang founder and Managing Partner Oscar Moralez said. They are clearly meeting a significant need in the market.” GeoH was founded in 2017 and said its software has benefitted nearly 6,000 caregivers and 300 agencies nationwide.