Backed by a recent $2 million capital raise, a startup Grand Rapids-based digital health company plans to expand its sales force and further develop its software that allows patients to receive virtual care at home. The latest investment came as RespondWell LLC seeks to close another $8 million fundraising round to support the company’s development. “It will take us to scale,” RespondWell co-founder, Chairman and CEO Ted Spooner said of the capital raise that included investments from Start Garden and Michigan Accelerator Fund I in Grand Rapids.
Michigan Accelerator Fund I first learned of RespondWell more than a year ago at a pitch event hosted by the Cleveland Clinic, said co-Managing Director Dale Grogan. As the venture capital fund heard more about RespondWell, it decided to make an investment because the company was led by a seasoned management team and offered a promising technology that’s starting to change how health care is delivered, he said. more