Koda Health, a leader in digital Advance Care Planning, announced the successful oversubscription of its Seed+ funding round. This funding round was led by Ecliptic Capital, with strategic investment from Memorial Hermann Health System, AARP, and the Texas Medical Center (TMC) Venture Fund, emphasizing the healthcare community’s belief in Koda’s mission, technology, and impact on patient care.
Tatiana Fofanova founded Koda Health, a B2B Enterprise SaaS solution that streamlines proactive healthcare planning and document completion, in early 2020 with her co-founders, Dr. Desh Mohan (who serves as chief medical officer) and Katelin Cherry (the company’s CTO). The founding team connected through the Texas Medical Center’s (TMCi) Biodesign program, which tasked the team with finding solutions to issues affecting the world’s largest medical center.
With the successful close of this Seed+ funding round, Koda Health is prepared to accelerate its mission of revolutionizing Advance Care Planning. Utilizing the strategic partnerships and support from leading health care investors, the company is well-equipped to expand its innovative solutions and impact on patient care.
As Koda Health continues to grow, its dedication to honoring patients’ wishes remains steadfast. This further cements its position as a leader in the health care industry and sets new standards in patient care and education.
KEY QUOTES:
“If we’re looking at speed of market adoption, it’s clear that Koda Health is at the forefront of a crucial transformation in Advance Care Planning. In just a few years, we’ve built out a product that now serves well over 700,000 patients nationwide for industry giants like Cigna, Privia and Houston Methodist.”
“While we’re well-equipped to meet these clients’ needs, we’re also signing new partnerships with major health care providers at an exciting rate. This round of funding will help us maintain the quality that our clients expect at new and unprecedented scales.”
- Tatiana Fofanova, PhD, CEO of Koda Health-
“We at Ecliptic are proud to continue our support of Koda Health’s work to provide patient education and access to Advance Care Planning, to help ensure that patients’ end-of-life wishes are honored. The team at Koda is truly dedicated to this important mission, and we are proud to back them.”
- Adam Lipman, CIO of Ecliptic Capital
“That’s where our allies at Memorial Hermann, The Texas Medical Center, and the AgeTech Collaborative from AARP come in. Each brings unique strategic value to our growth strategy.”
- Dr. Desh Mohan, Chief Medical Officer of Koda Health when discussing the importance of filling this funding round with strategic investors
“Koda is uniquely positioned to serve payers, providers and patients. We rarely see a company that provides value to all three stakeholders. Seeing Koda launch from our TMCi BioDesign program to the progress they’ve made with our member institutions and players in the value chain is incredible.”
- William McKeon, President & CEO, Texas Medical Center
