MyHealthTeams Raises $1.75 Million In Funding
People living with or caring for people with chronic medical conditions now have one more outlet online. MyHealthTeams was founded to fill the need for community among these people and the startup has just managed to raise $1.75 million in seed funding.
The money has been pumped in by private equity firm Adam Street Partners and 500 Startups. Reports are that a numerous unnamed angel VCs also took part in the funding round. The developer plans to expand its offerings to the chronic- sufferers community and widen the existing capacity.
Presently MyHealthTeams runs two sites devoted specifically to conditions: the first is MyAutismTeam which acts as a social networking portal for parents of children suffering from the condition. The second is MyBreastCancerTeam which provides a gathering environment for both suffers and carers of the disease.
There’s also a strong push to bring MyHealthTeam into the mobile era and the company has just launched its own iOS app for the MyAutismTeam portal. The founders believe that networks such as the ones offered by MyHealthTeam will do a world of good in the coming years. They point to the fact that 1 in 2 Americans suffer from at least one chronic condition and that those numbers overall will jump 42% in the next 12 months.
Clearly there’s a need then for these types of online communities. Once MyHealthTeam can work out monetizing more investors should jump on board.