MD Ally, an emergency medical services telehealth company, announced it secured $14 million in Series A funding, bringing its total raise to $25 million.
The round was led by First Cressey Ventures and anchored by General Catalyst. Seae Ventures, Techstars, Alumni Ventures and Red & Blue Ventures also participated in the round.
WHAT IT DOES
MD Ally works with public safety systems and health insurance payors to provide virtual response options for emergency medical services.
The company’s platform allows first responders and emergency services dispatchers to connect individuals with non-emergent issues to telehealth, social services and in-network resources in real-time.
The company will use the funds to expand its collaborations with public safety and payor partners, extend care coordination partnerships and enhance its technology.
“This funding marks a key milestone for MD Ally,” Shanel Fields, founder and CEO of MD Ally, said in a statement. “With the support of new partners like Frist Cressey, and continued support from existing investors like General Catalyst, we are poised to recruit even more incredible talent, expand our impact nationwide and successfully tackle a challenge that drives over $31.5B in excess costs every year.”
MARKET SNAPSHOT
MD Ally received $3.1 million in seed funding in 2021.
A year later, the company announced a partnership with Lee County, the largest county in Southwest Florida, for Lee to utilize MD Ally’s technology for its 911 emergency services.
In 2023, emergency medical services provider Falck announced a collaboration with the company to expand virtual care access to EMS patients.
Another company focused on improving emergency medical services workflow is New York-based data-driven emergency response platform RapidSOS, which closed a $75 million funding round in 2022, bringing its total capital raise to more than $250 million.
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