Connecticut Innovations, the state’s quasi-public authority responsible for technology-based economic development, has made an investment of $500,000 in Westport-based MyCare Inc. through its Seed Investment Fund.
The investment in the startup at 979 Post Road East is part of a $1 million round of funding, also involving Intersection Health Partners, also of Westport, an announcement said.
MyCare’s core product is a proprietary search engine tool that allows users to access and analyze data in any electronic medical record in near real-time.
“CI’s investment represents a critical step in MyCare’s success in bringing powerful new clinical data search and care delivery technology to the provision of patient care,” said Matt Walton, chief executive officer and co-founder of MyCare.
“We’re proud to be a Connecticut company, and to have developed this new approach to saving lives and improving healthcare quality in partnership with Yale New Haven Health System’s Bridgeport Hospital and Intersection Health Partners.”
In return for its stake, CI got a seat on MyCare’s board. Dan Wagner, CI director of investments, will represent CI on the board, the announcement said.
