FreshTracks Capital increases support of THINKMD in recent financing round

-A A +A

FreshTracks Capital increases support of THINKMD in recent financing round

Wed, 02/15/2017 - 2:10pm -- tim

Vermont Business Magazine FreshTracks Capital III, LP has further invested in Burlington-based THINKMD, a registered Vermont Benefit Corporation. THINKMD is a global healthcare innovation company founded by University of Vermont Medical Center pediatricians Barry Finette and Barry Heath.  THINKMD’s first product, MEDSINC, is a point-of-care clinical assessment tool that enables a minimally-skilled user to gather patient information, assess the severity of an illness, and provide approved triage and treatment recommendations. 

MEDSINC increases healthcare capacity by empowering users worldwide to play a more active role in the healthcare of those they serve. The platform has been tested alongside world-class partners on four continents and will soon be deployed in the company’s first commercial rollout. 

THINKMD first began working with FreshTracks in 2015 when co-founder and Managing Director, Cairn Cross coached Barry Finette through the LaunchVT Business Pitch competition.  Later that year, FreshTracks became an early investor in the company and has worked with the team providing strategic advice and input on an ongoing basis since then. 

“With 39 companies added to our portfolio during the past 17 years, we are continually seeking to invest in businesses that have a meaningful and positive impact not only on Vermont, but on the rest of the world”, said Cairn Cross, “We believe that THINKMD will change the way healthcare is delivered globally, and that the company is positioned to grow and prosper here in our state while creating meaningful high-paying jobs for Vermonters.” 

“As our largest investor to date, FreshTracks has been an invaluable local partner to THINKMD in our startup phase,” said THINKMD founder, Barry Finette. “As we continue to achieve milestones and scale, we look forward to continued strategic and advisory support from the FreshTracks team. 

FreshTracks joins strategic investor DAI in this new round of capital.  Since 1970, DAI has worked in more than 150 countries delivering results across the spectrum of international development contexts. DAI tackles fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability and works with a wide range of clients, including national and local governments, bilateral and multilateral donors, private corporations, and philanthropies. 

About FreshTracks Capital

FreshTracks Capital is a Vermont-focused investment fund that uses venture capital to generate positive economic, social, environmental and community impacts.  Across its four funds, totaling more than $45 million, FreshTracks has invested in 39 companies and generated hundreds of high-paying jobs in various Vermont business sectors including Software, Internet & Mobile Technologies, Consumer Products, Food and Beverage, Healthcare IT & Services, High-Tech Manufacturing, Energy Efficiency, Solar, and Green Technologies. FreshTracks is deeply involved in the local innovation economy, and hosts two flagship events for entrepreneurs and investors, including Peak Pitch, where entrepreneurs pitch their ideas to investors during a day of skiing, and Road Pitch, a state-wide week-long motorcycle tour for investors to field new business pitches in 10 communities around Vermont.  The firm was founded in 2000 by Cairn Cross and Charlie Kireker, and is currently managed by General Partners Cairn Cross, Lee Bouyea and T.J. Whalen.  FreshTracks is actively investing out of its newly launched fund, FreshTracks Capital IV.     Learn more at: www.freshtrackscap.com  

About THINKMD

THINKMD is a global healthcare innovation company focused on developing solutions that expand quality healthcare coverage for everyone, everywhere. Founded by two pediatricians, the THINKMD team combines expertise in software development, public and global health, international business and data analytics. Leveraging evidence-based medicine and next-generation technology, THINKMD works to increase healthcare capacity, evolve healthcare delivery, and collect and analyze critical public health data that will improve clinical outcomes, healthcare management, and decision making globally. THINKMD is a registered benefit corporation. Learn more at: www.thinkmd.org.

Source: Shelburne, Vermont: FreshTracks Capital 2.14.2017