SnapMD has raised $5.3 million Series A financing from Shea Ventures, TYLT Labs and Whittier Ventures.

The company has developed the Virtual Care Management (VCM) telemedicine platform that allows healthcare providers to extend the reach of patient care and find efficiencies in personnel utilization.

“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,” SnapMD CEO, Dave Skibinski, said in a statement.

SnapMD will use the proceeds to accelerate its business development efforts in direct sales as well as high-valued channel partners. The company will also be expanding data integration capabilities and further scale its mobile app solutions.

This year, the number of patients accessing telehealth services is expected to double from that found in 2013. According to the Centers for Medicare & Medicaid Services (CMS), mHealth services are projected to be a $26 billion industry by 2017.