Medical informatics start-up LifeOnKey Ltd. has raised $5 million out of a planned $10 million financing round. Medica Venture Partners partner Batsheva Elran will become join the company as board chairman.
LifeOnKey, formerly Global Medical Networks Ltd., focuses on IT solutions for patient medical records, allowing patients to share information. The company's flagship product allows any person to gain real time access to his personal health information at any location through the Internet, cellular handset, handheld computer, and disk-on-key, while maintaining full confidentiality. According to company CEO Dr. Linda Harnevo, the company now has one million subscribers in Israel and Europe.
In contrast to companies that focus on collective, nationwide health information networks, LifeOnKey considers the individual patient its target market, and it therefore does not need to wait for the building of a national health information grid in order to offer its services.
According to IVC Online, LifeOnKey has raised $2 million to date from Medica Ventures. The company was founded in 2003 and now employs 25 people.
Published by Globes [online], Israel business news - www.globes.co.il - on December 27, 2007
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