Voalte raises $17M Series D for its healthcare communication tech

Voalte graphic

Healthcare communication tech provider Voalte raised $17 million in Series D funding from Ascension Ventures, Cerner Capital and Bedford Funding, bringing the total capital the company has raised to nearly $60 million.

The new funds will be used to sustain Voalte’s impressive growth; the firm’s revenues grew by 250 percent year-over-year in the second quarter, due in large part to continual product innovation as well as a rapidly expanding customer base. Last quarter alone, 44 new sites signed with Voalte for their healthcare communication solutions.

“The next phase of technology adoption is progressing from individual hospitals to multi-site health systems that need to deploy a system-wide standard for caregiver communication,” said Trey Lauderdale, Founder and CEO of Voalte. “Ascension Ventures and Cerner are industry leaders and recognize how Voalte solutions help hospitals improve care coordination and patient care. I’m excited about the partnership and how it will enable us to continue to push the envelope on advancing healthcare communication.”

Voalte’s healthcare communication solutions are now used by tens of thousands of caregivers at more than 150 healthcare organizations throughout the United States. The Sarasota, Florida-based company raised its previous round of $10 million in April.