Good Parents (doing business as Kiddo), a remote patient monitoring platform for children, has raised $16m in a Series A investment round, led by Vive Collective.
The company intends to use the funds to double its workforce in US and Asia, and expand its partnerships with healthcare providers, and secure FDA device certification.
As part of the investment, Vive founder and CEO Cheryl Cheng will be appointed as a member of the company’s board of directors.
Cheng said: “Kiddo leverages technology to improve both access to and quality of care in pediatric health, an area that typically sees very little investment. This is exactly the kind of opportunity in which we are eager to invest.
“We also were drawn to the founding team’s commitment and passion. CJ understands the stress, pressure, and costs of managing a child’s chronic health condition and has made Kiddo his life’s work. We look forward to partnering with Kiddo to help accelerate its growth.”
Established in 2016, Kiddo provides its remote patient monitoring platform for children with conditions such as asthma, autism, diabetes, and congenital heart disorders.
The platform is designed to remotely monitor vitals through five clinical-grade sensors that monitor heart rate, temperature, SPO2, perspiration and motion.
Kiddo is a connected care system that combines remote patient monitoring for children, a coaching app for parents, on-demand telehealth services, and clinical decision support tool for medical providers.
The HIPAA, HL7 and FHIR compliant platform is backed by a secure blockchain and multi cloud-based data analytics engine, said the company.
Kiddo CEO and co-founder CJ Swamy said: “Approximately 19 million US children suffer from chronic and acute conditions that need proactive care. This round of funding, along with Vive’s industry expertise, will help us reach more of these children.
“Costly in-person visits to primary care doctors and urgent care clinics can be avoided as long as the doctor or nurse practitioner providing telehealth services has the right context and data from an RPM system like Kiddo.
“Although people were eager to avoid expensive in-person visits to urgent care before the pandemic, Covid-19 has really propelled the need to efficiently and cost-effectively guide parents and pediatric patients to the optimal care pathway.”
