Quantia Raises $10 Million In Series B Funding, Led By Safeguard Scientifics, Inc (SFE)
Quantia is a social network for doctors and healthcare companies. The company has raised $10 million in Series B funding. The company raised $7.5 million in the $10 million Series B round from Safeguard Scientifics, Inc (NYSE:SFE). Existing investor Fuse Capital put in the remaining $2.5 million. Quantia previously raised $12 million in October. This round of funding will be used for sales and marketing.
“We are excited to work with a seasoned management team that has a deep understanding of technology, healthcare data, healthcare analytics, social media, and physician engagement,” stated Gary J. Kurtzman, MD, the Managing Director of Healthcare at Safeguard. “Decisions made by physicians and other healthcare providers drive approximately 80% of the nearly $3 trillion annual healthcare spend in the U.S. Quantia offers a highly differentiated digital platform that actively engages its growing network of physicians by providing meaningful content and an online forum to discuss important and relevant issues. In addition, Quantia provides a unique way for health systems, payers, pharma and medical device companies to actively engage physicians.” Dr. Kurtzman and Jim O’Connell, Principal, Healthcare at Safeguard, are joining Quantia’s board of directors.
Quantia’s physician relationship management (PRM) platform is called QuantiaMD. This service enables participants throughout the healthcare system reach, engage, and interact with their physicians in a way that creates revenue opportunities, reduce costs, and saves time.