The financing consists of an $8 million seed round co-led by Sequoia Capital and First Round Capital, and a $30 million Series A led by Hummingbird Ventures. The company is not disclosing its valuation.
Healthleap originally built a clinical nutrition tool for dietitians but later pivoted to a general-purpose platform that analyses electronic health records. Each night, the system reviews every adult inpatient's lab results, vital signs, weights, medications, diet orders, diagnoses and clinicians' written notes. The next morning, it writes a risk score into the care team's existing workflow via a dashboard.
“A patient's chart holds two kinds of data. Labs, weights, and vital signs sit in structured fields, but the most telling signs sit in clinicians' written notes: poor appetite, recent weight loss, muscle loss, trouble swallowing,” CEO and co-founder Josiah Meyer told TechCrunch. “Our developing approach is extracting affirmative or negated mentions of these clinical concepts in an easily extensible and scalable way.”
The software does not diagnose patients; it only highlights items that need additional review. Besides malnutrition and delirium, Healthleap has built programs to identify aspiration pneumonia, pressure ulcers and risk of readmission for congestive heart failure, which are undergoing further clinical validation.
Research cited by the company indicates that 20% to 50% of hospital inpatients are malnourished, and malnutrition has been linked to longer stays, impaired wound healing and higher morbidity and mortality. Revenue has grown more than 10-fold over the past year, Josiah said.