Investors Put $5.3 Million into SnapMD

Cloud-based telemedicine provider SnapMD Inc. has raised $5.3 million in Series A funding, the company announced Wednesday. Investors include Shea Ventures in Walnut, TYLT Labs in Santa Monica and Whittier Ventures in Pasadena. The Glendale company will use the money on business and product development, such as vamping up direct sales and further scaling its mobile app. SnapMD markets its product Virtual Care Management to hospitals and physicians, who use the platform to conduct virtual consultations with patients in hopes of reducing doctor and urgent care visits. “Along with the high-quality individual investors that also participated, the close of this round is one more validation of our business plan and approach to the market,” SnapMD Chief Executive Dave Skibinski said in a statement. “With this investment, SnapMD is well positioned to continue to build our sales pipeline, continue to add best-of-breed talent to our team and solidify our plans for future iterations of our technology.”