Venture Hall to Invest in Healthcare Startups

September 29, 2017

7:15 am

Startup accelerator Venture Hall has chosen to invest in two of the healthcare-related startups from their inaugural summer accelerator program.

Cliexa and Janus Choice will each receive $25,000 in the form of “zero-equity” investments.

Mehmet Kazgan, cofounder and CEO of Cliexa. (photo/Venture Hall)

The companies were two of the six early-stage, health- and wellness-focused startups that Venture Hall selected to participate in its 13-week accelerator program. MaineHealth and Unum each provided $100,000 to make the accelerator a reality, and provided experts and resources to help the startup founders understand how their solutions could be applied in the real world.

Denver-based Cliexa has developed an interactive mobile platform that helps chronic-disease patients report their conditions directly to care teams. Mehmet Kazgan, its CEO and cofounder, said the company benefited from the connections made while in Portland, and that he plans to continue working with MaineHealth to integrate and expand Cliexa’s mobile platform to track congestive heart failure and chronic obstructive pulmonary disease.

“We came with a list of goals to Portland, Maine, and Venture Hall made those happen,” Kazgan said. “Cliexa would love to be part of Maine’s economic growth.”

Darryl Palmer, cofounder and CTO of Janus Choice. (photo/Venture Hall)

Janus Choice, headquartered in St. Louis, has developed an Artificial Intelligence platform that helps match patients with post-acute care providers. Janus Choice currently has a sales pipeline of more than 300 hospitals, and it was recently named a Jumpstart Foundry and a Singularity University company. While participating in Venture Hall’s accelerator program, Janus Choice opened a second office in Portland.

“The support we received from Venture Hall, MaineHealth, and Unum exceeded our expectations,” said Darryl Palmer, cofounder and CTO of Janus Choice. “We were able to witness first-hand the commitment of the staff at Venture Hall in supporting the unique needs and requests for each company in the program. I wish there would be more programs like this. One of the reasons we opened an office in Portland is because of the dedication of the social workers, nurses, and executives at MaineHealth and Unum.”

Read more about emerging startups coming out of Maine at TechCo

This article is courtesy of Maine Startups Insider, created by Whit Richardson, a journalist who’s covered Maine’s business community for the past decade. Visit Maine Startups Insider to read more about Maine’s startup community and subscribe to the weekly newsletter.

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Whit Richardson is a former daily newspaper journalist in Portland, Maine, who has covered business and entrepreneurship for the past decade. He's founder of Maine Startups Insider and currently editor-in-chief of 4Front Publishing, an online news startup covering the nascent legal cannabis industry.

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