- Leading advance care planning solution Vynca has raised $10.3 million in Series B funding
Vynca, a leading advance care planning solution, announced it raised $10.3 million in Series B funding from First Trust Capital Partners, OCA Ventures, and Spectrum Health Ventures along with key strategic individual investors.
Existing Vynca investors including Generator Ventures and the Ziegler LinkAge Longevity Fund also participated. This round of funding will be used for fueling the company’s expansion into new geographies and driving new product development.
In conjunction with this round of funding, Rachel Kern of First Trust Capital Partners, Phil Fogg Jr. of Marquis Companies, and Arnie E. Burchianti, II are joining the company board of directors. And Dr. Scott Lancaster of Spectrum Health Ventures will join as a Board Observer.
“We’re pleased to receive the support and insight from these highly strategic health care investors who share our vision of creating a national advance care planning network,” said Vynca co-founder and CEO Ryan Van Wert, M.D. in a statement. “Our continued growth will ensure that more individuals have their voices heard, and that health care providers have immediate access to care preferences, so that every person’s end-of-life wishes are known and honored.”
What does Vynca do? The company’s end-to-end solution supports health care organizations for implementing and scaling high-quality advance care planning so that every person’s care preferences are honored at the end-of-life. And the company’s technology education and engagement in advance care planning conversations, shared decision making, digital completion of documents, and ensuring universal document accessibility for individuals, caregivers, and health care providers across the care continuum.
Vynca is also a leading solution provider for state advance care planning registries as it first partnered with the Oregon POLST Registry to develop a bi-directional electronic interface for health care organizations in Oregon. And it is also the technology vendor for the California POLST eRegistry Pilot, the Delaware DMOST Registry, the Louisiana LaPOST Registry, and the South Carolina Registry.
“We are excited to partner with Vynca as the company continues to build on their position as the leading advance care planning solution,” added Kern. “Vynca’s state registry partnerships and impressive growth are a testament to how they are setting a new standard for end-of-life care, ensuring that accurate care plans are available in critical moments. We look forward to being part of Vynca’s continued growth and success.”
Vynca has partnered with over 80 hospitals, health plans, ACOs, and five state registries, And Vynca clients are realizing an impact in terms of a higher quality of care at the end-of-life and the avoidance of unwanted health care interventions.
“Spectrum Health Ventures supports innovations that can reduce cost, improve quality, and increase patient engagement and satisfaction,” explained Scott Lancaster, M.D. — the clinical director for Spectrum Health Ventures. “We are proud to partner with Vynca, whose impressive growth and innovative platforms are providing national leadership by reflecting patient preferences for end-of-life care.”