Durham, NC – March 12, 2014 – SJF is pleased to announce its investment in Validic, a Durham, NC-based mobile health technology company and leader in providing access to standardized and actionable data across a growing spectrum of mobile health apps, wearables and in-home medical devices. Validic’s platform offers customers the ability to effectively use mobile health data to inform efficient care delivery, account for incentive-based wellness programs and improve personalized health care and patient outcomes. The company offers solutions for global wellness companies, healthcare providers, payers, pharmaceuticals and mHealth app developers.
“As we’ve investigated the rapid growth of both mobile health apps and devices and health and wellness solutions entering the market, we see the increasing need to streamline data access in a cost-efficient way,” said SJF Managing Director Cody Nystrom. “The Validic team has developed the leading platform for addressing a serious pain point in the market and we are excited to back them in this next phase of tremendous growth.”
SJF led the investment in Validic with existing angel investors also participating in the financing. For more information, please read the press release.