Voalte Closes $36M Series C Round

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Voalte, a Sarasota healthcare communication technology company, closed $36 million in Series C funding led by Bedford Funding.  Voalte provides the infrastructure that enables care teams to communicate inside and outside the hospital, and connect with existing and future technologies. Using this approach, Voalte users can communicate via voice calls, receive alarms and alerts directly to their smartphones, and send and receive text messages securely. Voalte smartphones also can integrate with a hospital’s electronic medical record (EMR) system and act as a scanner to facilitate barcode medication administration. “The value of smartphones in healthcare is undeniable,” said Trey Lauderdale, cofounder and President of Voalte. “We are thrilled to work with Bedford Funding to deliver solutions that will accelerate market growth, transform the way caregivers communicate and improve patient care. This investment also provides us with the resources to grow our company, further expand our engineering team, and build out our services and support.” Voalte One™, the company’s premier application, is used by more than 35,000 caregivers in top-ranked healthcare facilities such as Massachusetts General Hospital, Cedars-Sinai Medical Center, TIRR Memorial Hermann and Lurie Children’s Hospital. “We have signed contracts with large medical centers in major metropolitan areas as well as small community hospitals in areas as remote as Barrow, Alaska,” said Lauderdale. “And we still have hundreds of thousands of pagers, badges and legacy VoIP phones to replace in hospitals throughout the country. As the only provider of a complete Mobile Communication Strategy, we are confident that our smartphone-based platform will revolutionize the healthcare communication industry.” “We are delighted to invest in the future development of an organization that has implemented clinical communication solutions for improved patient care in some of the most prestigious hospitals in the country,” said Charles Jones, Managing Partner at Bedford Funding. Read more here.