Healthtech firm Bright.md raised $16.7m with this deck

ABOUT

Bright.md developed a platform that helps healthcare professionals diagnose patients more efficiently. It features a 10-minute self-administered interview for patients, which is then used to produce a provisional diagnosis that the clinician can review and approve in under two minutes.

Based in the US, the firm was co-founded by Ray Costantini and Mark Swinth in 2014. However, it was Kitty Powell – Swinth’s wife – who came up with the idea for Bright.md in 2012. Ultimately, she died from breast cancer, prompting her husband to continue what she started.

Bright.md used this deck for its series C funding.

Fundraising journey

• 2014: US$1 million of seed funding from Seven Peaks Ventures, Portland Seed Fund, and Oregon Angel Fund
• 2015: US$3.5 million of series A funding led by Oregon Angel Fund and supported by Seven Peaks Ventures and Stanford-StartX Fund
• 2017: US$8 million of series B funding led by B Capital Group and joined by Seven Peaks Ventures
• 2020: US$16.7 million of series C funding co-led by B Capital Group, Seven Peaks Ventures, and Concord Health Partners, with participation from Philips Health Technology Ventures and UnityPoint Health Ventures

How is the deck compelling?

• The deck begins by stating a significant problem experienced by the healthcare sector and explaining how digitalization has negatively affected the industry in contrast with other major fields.
• The deck elaborates on Bright.md’s platform and details how it makes the consultation process easier and more productive for both patients and clinicians.
• It wraps up by introducing the company’s leadership team and stating the funding that Bright.md has received so far, together with participating investors.

SOURCE

Deck: PitchDeckHunt