What is Vital?
Founded by Dr. Justin Schrager, an Emergency Department Physician, and Aaron Patzer, former Founder of Mint.com, Vital aims to revolutionize emergency care in the U.S. by leveraging consumer-grade software and artificial intelligence. The company addresses critical information silos and optimizes user experience and operational efficiencies within emergency departments. Vital's innovative approach has already impacted over one million patients and families, positioning it as a key player in the healthcare technology sector, particularly in improving patient care delivery through advanced software solutions.
How much funding has Vital raised?
Vital has raised a total of $39.7M across 2 funding rounds:
Series A
$15M
Series B
$24.7M
Series A (2021): $15M with participation from Transformation Capital, First Round Capital, and Threshold Ventures
Series B (2023): $24.7M led by Threshold Ventures and Transformation Capital
Key Investors in Vital
Threshold Ventures
Threshold Ventures is an investment firm that provides seminars and mentoring to startups, assisting them with strategy and execution, market research, sales, marketing, and business development. They have a focus on helping international startups grow in the U.S. and advising companies on exploiting core technology in new markets.
Transformation Capital
Transformation Capital is a growth equity fund established in 2015, specializing in innovative healthcare IT and services companies. Based in Boston, Massachusetts, they focus on investing in businesses that are transforming the healthcare landscape.
First Round Capital
First Round Capital is an early-stage venture capital firm that supports startups with company-building resources, including tailored programs, community, and custom software. They connect founders with expertise and resources for hiring, product development, and customer acquisition.
What's next for Vital?
The recent Series B funding, characterized as a major enterprise-level investment, signals Vital's readiness for significant scaling and market expansion. This capital infusion is expected to accelerate product development, enhance AI capabilities, and broaden the company's reach across healthcare systems. With a clear focus on improving the emergency care experience, Vital is poised to further solidify its market position and drive innovation in a critical area of healthcare delivery. The strategic nature of this investment suggests potential partnerships or market consolidation opportunities as the company moves into its next phase of growth.
See full Vital company page
