Cincinnati — January 26, 2021 — Espresso Capital announced today that it has provided healthcare technology company Halo Health with a credit facility for an undisclosed amount. A provider of industry-leading solutions for clinical collaboration, the company will use the funds to extend its runway while making strategic investments in its product and growth efforts.
“This funding will help us grow the business and expand our reach to healthcare entities in their time of need,” says Jose Barreau, M.D. CEO and Co-founder, Halo Health. “After exploring a number of financing options, it was clear that Espresso was the best choice. Their flexibility and cost of capital are very attractive, as is the fact that we can expand our relationship going forward.”
Heading into 2021, Halo is focused on increasing awareness for its differentiated clinical collaboration platform as it continues to scale for growth. As an all-in-one solution, Halo’s platform streamlines clinical communication and workflows, while connecting the clinician community and accelerating patient care. The company recently brought on a new head of marketing and a new chief technology officer to help drive its expansion.
“We see tremendous growth opportunities for Halo given its unique offering and the considerable tailwinds that are helping to drive the industry,” says Steven Michau, an Executive Director at Espresso Capital. “Most EMRs lack a strong communications offering. Meanwhile, traditional clinical communication platforms lack key features of Halo and typically aren’t in the cloud. Halo Health’s platform addresses both of these issues.”
Bain Capital Ventures and Refinery Ventures are among Halo Health’s existing investors. “Halo Health is a leader in their market and this financing will help the company accelerate its growth and continue to execute on its mission to improve clinical collaboration and communication resulting in improved patient care,” said Mike Krupka, Board member of Halo Health and Partner, Bain Capital Ventures.
About Halo Health
Founded by physicians, Halo Health is the healthcare technology company for clinical collaboration. Its flagship offering, the Halo Clinical Collaboration Platform (CCP) is a cloud-based mobile ecosystem that accelerates time-sensitive clinical communication and workflow to improve patient care inside health systems and across the care continuum. Through its scalable platform for health systems, ambulatory, and long-term post-acute care organizations, Halo Health has demonstrated years of experience and improved patient and financial outcomes for enterprise health customers. For more, visit www.halohealth.com or call 855-362-4256.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive B2B founders to accelerate their ideas to market. The firm invests from seed to growth in enterprise software, infrastructure software and industries being transformed by data. BCV has helped launch and commercialize 200-plus companies since 1984, including investments in DocuSign, Kiva Systems, LinkedIn, Rapid7, SurveyMonkey, Taleo and TellApart. BCV has approximately $3.7 billion of assets under management with offices in San Francisco, New York and Boston. Follow BCV via LinkedIn or Twitter.
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 275 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at www.espressocapital.com.