Rare-disease, health-record startup RDMD raises $3M | Digital Science
Participating in the fundraising were Lux Capital, Village Global, First Round’s Healthcare Co-op, Garuda, Shasta Ventures and unidentified angel investors, the company said.
The funds will be used for developing the company’s platform, additional hiring and expanding the scope of rare diseases it targets.
“RDMD was born out of my own personal journey with a rare disease,” Onno Faber, founder and chairman, said in a statement. “We have since pioneered the development of a powerful platform that leverages deep data insights to empower rare disease research and drug development, as well as an application that allows patients to take the management of their disease into their own hands.”
The company’s platform converts and analyzes data from electronic health records to produce new “real-world” data, which are stored in RDMD’s regulatory compliant database. That information can then be used by biopharma or research partners to help find new pathways for clinical trials or for regulatory submission for a new product.
Current partnerships include the National Cancer Institute and the Children’s Tumor Foundation.