TigerText Raises $8.2 Million from Investors as It Targets Healthcare Providers

TigerText has raised $8.2 million from investors during a recent funding round. The Series A round was led by Easton Capital and New Science Ventures (NSV).

So far, the company has raised more than $10 million from investors. TigerText had raised $2.2 million worth of seed money from investors during 2010. The money raised in the latest investment round will be used to speed up development of TigerText Pro for Business, a HIPAA-compliant messaging platform.

In a related matter, John Friedman, managing partner of Easton Capital, and Somu Subramaniam, managing partner of NSV, were named to the board of TigerText, Inc.

“The addition of Easton Capital and New Science Ventures as partners significantly accelerates our development,” Jeffrey Evans, TigerText co-founder, said in a company statement. “John and Somu bring their incredibly rich experience, based on decades of advising life-sciences and technology companies, to our already strong board. Their leadership will help the Company reach its vast potential to transform the way physicians and nurses communicate, bringing in-hospital communications from the pagers of the 1980s to the smartphones of the 21st century.”

 Targeted at doctors, nurses and other healthcare providers at hospitals or clinics – who are now using standard text messaging – TigerText provides the same speed and ease but is also compliant with privacy regulations for patients.

TigerText is being used by 20 healthcare organizations. And Friedman noted in the statement that, “With virtually no marketing effort” TigerText’s “platform has been adopted by more than 20 healthcare enterprises, with many more in its pipeline.”

TigerText’s private mobile messaging network works with Apple, Android, and BlackBerry, as well as with computers, according to the company statement.

“This additional funding enables us to continue building out the unique features of the TigerText platform, the first service that meets the critical need of secure mobile messaging for healthcare enterprises,” Brad Brooks, TigerText co-founder, added in the company statement carried on HealthTechZone. “Our strong sales pipeline attests to the growing recognition that hospitals and physician practices need to provide doctors, nurses and other clinicians with a HIPAA-compliant alternative to unsecured texting.”