Will Support Rapid Expansion of Vynca’s Advance Care Planning Solution
PALO ALTO, Calif., June 19, 2019 /PRNewswire/ — Vynca, the nation’s leading advance care planning solution, announced today that it has secured $10.3 million in Series B funding from First Trust Capital Partners, OCA Ventures, and Spectrum Health Ventures, in addition to key strategic individual investors. Current Vynca investors, including Generator Ventures and the Ziegler LinkAge Longevity Fund also participated. The funding will help fuel the company’s expansion into new geographies and drive new product development. Rachel Kern of First Trust Capital Partners, Phil Fogg Jr. of Marquis Companies, and Arnie E. Burchianti, II will join the Company’s Board of Directors. Dr. Scott Lancaster of Spectrum Health Ventures will join as a Board Observer.
Vynca’s end-to-end solution supports health care organizations to implement and scale high-quality advance care planning so that every person’s care preferences are honored at the end-of-life. Vynca technology supports education and engagement in advance care planning conversations, shared decision making, digital completion of documents, and ensures universal document accessibility for individuals, their caregivers, and health care providers across the care continuum.
“We’re pleased to receive the support and insight from these highly strategic health care investors who share our vision of creating a national advance care planning network,” stated Ryan Van Wert, M.D., co-founder and CEO of Vynca. “Our continued growth will ensure that more individuals have their voices heard, and that health care providers have immediate access to care preferences, so that every person’s end-of-life wishes are known and honored.”
Partnering with over 80 hospitals, as well as health plans, ACOs, and five state registries, Vynca clients are realizing an impact in terms of higher quality of care at the end-of-life and the avoidance of unwanted health care interventions.
“We are excited to partner with Vynca as the company continues to build on their position as the leading advance care planning solution,” said Rachel Kern of First Trust Capital Partners. “Vynca’s state registry partnerships and impressive growth are a testament to how they are setting a new standard for end-of-life care, ensuring that accurate care plans are available in critical moments. We look forward to being part of Vynca’s continued growth and success.”
“Spectrum Health Ventures supports innovations that can reduce cost, improve quality, and increase patient engagement and satisfaction,” said Scott Lancaster, M.D., clinical director for Spectrum Health Ventures. “We are proud to partner with Vynca, whose impressive growth and innovative platforms are providing national leadership by reflecting patient preferences for end-of-life care.”
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