What is Bright.md?
Founded in 2012 and based in Portland, Oregon, Bright.md develops software solutions designed to streamline the diagnosis and treatment of common health concerns. Their platform empowers healthcare providers by creating a virtual front door for patients, enabling them to navigate, be triaged, and receive care for numerous low-acuity medical conditions. The system can also efficiently route patients to appropriate in-person or video visits, enhancing accessibility and efficiency in healthcare delivery. Bright.md's technology addresses the growing need for scalable and accessible digital health services.
How much funding has Bright.md raised?
Bright.md has raised a total of $30.2M across 5 funding rounds:
Angel/Seed
$1M
Series A
$3.5M
Series B
$8M
Series C
$16.7M
Debt
$1M
Angel/Seed (2014): $1M with participation from Oregon Venture Fund, Seven Peaks Ventures, and Portland Seed Fund
Series A (2015): $3.5M led by Seven Peaks Ventures and Oregon Venture Fund
Series B (2017): $8M supported by B Capital Group and Seven Peaks Ventures
Series C (2020): $16.7M featuring Seven Peaks Ventures, Philips Health Technology Ventures, UnityPoint Health Ventures, B Capital Group, and Concord Health Partners
Debt (2020): $1M backed by PPP
Key Investors in Bright.md
Oregon Venture Fund
Oregon Venture Fund is dedicated to investing in and supporting the next generation of world-class growth companies, focusing on ambitious founding teams with innovative solutions. The fund aims to empower local entrepreneurs while scaling their businesses globally.
Seven Peaks Ventures
Seven Peaks Ventures partners with entrepreneurs to build and scale disruptive, category-leading businesses across various sectors including AI, robotics, space technology, renewable energy, blockchain-enabled DeFi, and cyber-security. The company focuses on investing in visionary leaders who are committed to innovation and growth.
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. With over $8 billion in assets under management and a portfolio comprising more than 190 companies, B Capital aims to support founders throughout the company-building lifecycle.
What's next for Bright.md?
With its recent major strategic investment and substantial total funding, Bright.md is poised for significant scaling and innovation. The company's focus on creating a virtual front door for healthcare suggests a strategy aimed at capturing a larger share of the digital health market by improving patient access and provider efficiency. Future developments will likely involve enhancing their AI-driven triage capabilities, expanding partnerships with healthcare systems, and potentially exploring new service lines to address a broader spectrum of patient needs. The enterprise-level capital infusion indicates confidence from investors in Bright.md's business model and its potential to disrupt traditional healthcare pathways.
See full Bright.md company page