OrbCare secures $2 million seed funding for healthtech software
Summary
OrbCare, a healthtech company based in Toronto, has announced the close of its seed funding round, raising $2 million in equity financing. The round was led by iGan Partners, a Toronto-based early stage healthtech VC, and saw participation from its network of co-investors, which were undisclosed. “Orbcare is focused on aggregating data in the cloud from a multitude of endpoints,” the founder and CEO, Manny Abraham, told BetaKit. Abraham, who has been in the healthcare industry for almost 20 years, told BetaKit that the company wanted to build the business before raising funds or receiving too much public attention. “The capital we have raised in this seed round, with the help of iGan, validates that we are on the right path to solving workflow inefficiencies that occur within medical practices.