Fundz

Wisedocs Closes Oversubscribed $4.1M Seed Financing To Revolutionize The Medical Record Review Process For The Insurance Industry

PRIVATEMar 17, 2022

Amount Raised

$4.1 Million

Round Type

Seed

TorontoInsurance

Description

Wisedocs, machine learning software-as-a-service for medical record processing closes $4.1 million (CAD) oversubscribed Seed financing round. The investment is led by Ripple Ventures, with participation from Greensky Capital, and angel investors including George A. Papayiannis of Vena Solutions, and startup veteran, Tim Lett. The seed financing round follows a previous pre-seed investment.

Quick answer

Wisedocs raised $4.1 Million in a Seed round, dated March 17, 2022. Wisedocs is based in Toronto, Ontario, Canada.

How much did Wisedocs raise?
Wisedocs raised $4.1 Million in a Seed round on March 17, 2022.
What does Wisedocs do?
Wisedocs is an AI powered automation platform that processes and understands medical documents in real time, making it easier for organizations in the insurance industry to evaluate medical claims faster and more..
Where is Wisedocs based and how big is it?
Wisedocs is based in Toronto, Ontario, Canada.
Who are the decision-makers at Wisedocs?
Fundz holds 1 contact at Wisedocs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Insurance around the same time

Companies in the same sectors as Wisedocs that raised within 45 days of this round, from Fundz verified event records.

  • Plover raised $4.7M (Seed) on April 28, 2022.
  • Sun Life Financial raised $2M (Seed) on April 18, 2022.
  • InsurePay raised an undisclosed amount (Series B) on April 12, 2022.
  • Shriram General Insurance Company raised an undisclosed amount (Funding Round) on April 11, 2022.
  • Sigo Seguros raised $5.4M (Seed) on April 7, 2022.
  • BriteCo raised $9M (Series A) on April 6, 2022.

Who to call at Wisedocs, and when

A new round usually means Wisedocs is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Wisedocs raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Wisedocs, from your own LinkedIn network

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Company Information

Company

Wisedocs

Location

Toronto, Ontario, Canada

About

Wisedocs is an AI powered automation platform that processes and understands medical documents in real time, making it easier for organizations in the insurance industry to evaluate medical claims faster and more accurately. Through Wisedocs, organizations can automatically sort, index, summarize and review messy unstructured medical documents. Our clients today are benefiting from an 85% time reduction and a 55% cost reduction in document reviews.

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