AVIA raises $7.2M in Series C

What does AVIA do?

AVIA is a consulting firm which helps hospitals in focusing on innovation and finding startup partners. The company helps health systems and hospitals for identifying, selecting and deploying the best emerging IT enabled solutions for driving growth, improving operating efficiency and completing on value. The company facilitates collaboration between entrepreneurs and providers for accelerating the impact and for mitigating the risk of innovation adoption. Solutions of greatest interest to their members address needs related to population health through clinical data insights, patient engagement, care model redesign and operational efficiency.

How much AVIA was funded?

AVIA raised $7.2M in Series C on August 11, 2016 from St. Luke’s University Health Network, Providence Health  Services, Froedtert  Health, Jumpstart Ventures, Jump Capital, RushMedical and OSF.

Previous funding

Undisclosed amount in Series A on July 1, 2013 from Sharon Knight, Jump Capital, Jumpstart Ventures, 7wire Ventures and Pritzker Group Venture Capital

$6M in undisclosed round on September 22, 2014 from Providence Health Services and Jumpstart Ventures

$5.9M in Series B on September 1, 2015 from Jump Capital, Summation Health Ventures, Providence Health Services, Chicago, IL and 7wire Ventures

What is next for AVIA?

AVIA plans on doubling headcount in the next year with the latest funding raised. The company’s members operating over 350 hospitals up from about seventy two years ago.

More about AVIA

AVIA was founded by Ted Meisel and Eric Langshur. The company has grown to 22 members, big hospitals which pay the firm for strategic advice and for it for screening potential partners for innovation or new technologies which can help control the costs, increase revenue and improve treatment. This company connects the country’s biggest hospitals with startups. The company can dramatically reduce the time necessary for finding the right partners and getting down to the business. They start with their business issues and strategic plan and develop a road map from there.