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Feedtrail's recent funding will accelerate its expansion ambitions and fulfill the fast-growing market demand for a real-time clinical care platform.
FREMONT, CA: Today, Feedtrail, the largest health experience solutions provider, announced the completion of a new round of fundraising. FCA Health Innovations I and Existing investors Cofounders Capital, an FCA Venture Partners fund, led the financing round.Feedtrail will be able to utilize and increase the supply for its platform thanks to this new funding. Stephanie Alexander, an industry veteran and board member was also named Chairman of the Board and Chief Executive Officer.
Feedtrail will continue to challenge the "status quo" of patient experience management as an industry disruptor. Over the last year, demand for Feedtrail's real-time experience management system has grown as healthcare firms recognize the need for real-time tools and analytics to strengthen their relationships with patients, families, and providers, stay competitive, and generate loyalty.
"We are thrilled by the ongoing support of our existing investors who realize Feedtrail is uniquely positioned to revolutionize patient experience," said Paul Jaglowski, Co-founder and Chief Strategy Officer, Feedtrail. "This is the time for Feedtrail to expedite our growth. I've never been more confident in our ability to do so, than with our refined focus on product innovation and the experienced, diverse leadership team we have built over the past year."
Feedtrail will use the funds to continue offering best-in-class services and support to its high-profile client base, including Novant Health, Cedars-Sinai, USC Keck, and Sentara Healthcare. Feedtrail will also develop its technology, adding practical solutions that improve patient and staff experiences alongside driving strategies, engagement, and brand awareness.
"Healthcare is well-positioned to benefit from progressive experience management technology. Feedtrail rises to that challenge, delivering a platform with robust capabilities and analytics that improves patient, provider, and caregiver experiences," said Stephanie Alexander, Chief Executive Officer, and Board Chairman, Feedtrail. "We're committed to expanding our footprint in healthcare. The phenomenal growth to date is due to the effectiveness of Feedtrail's platform and the multi-disciplinary team strength."
The demand for a good, tailored healthcare experience continues to rise. As a result, health institutions are increasingly reliant on Feedtrail's technology to keep up with these demands.Feedtrail's adaptable solutions enable companies to bridge current experience gaps and delve further than they've ever been into patient experience data, providing a clear picture of peaks and troughs throughout the patient journey.
"We're thrilled to participate in this unique space, and support Feedtrail through this accelerated growth period," said Scott Albert, Board Member, and Venture Partner at Cofounders Capital. "Our first-hand experience with Feedtrail and the value its cutting-edge healthcare solution delivers drove our decision to increase our investment. The team has already built an amazing business and roster of clients and we're confident they'll continue to grow into the dominant experience management platform in the industry."