MD AllyEmergency medical services telehealth company announced it has secured $14 million in Series A funding, bringing its total raised 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 partners with public safety systems and health insurance payers to provide virtual response options for emergency medical services.
The company’s platform allows first responders and emergency service dispatchers to connect individuals with non-emergency issues to telehealth, social services, and in-network resources in real time.
The company will use the funds to expand collaborations with public safety and payer partners, expand care coordination partnerships, and enhance its technology.
“This funding is a significant milestone for MD Ally,” said Chanel Fields, MD Ally founder and CEO, in a statement. “With the support of new partners like First Cressey and the ongoing support of existing investors like General Catalyst, we are poised to recruit even more incredible talent, scale our impact nationwide, and successfully tackle the challenges that generate more than $31.5 billion in overruns each 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, to use MD Ally’s technology to power Lee’s 911 emergency services.
In 2023, emergency medical services provider Falck announced a partnership with the company to expand virtual care access for EMS patients.
Another company focused on improving emergency medical services workflows is RapidSOS, a New York-based data-driven emergency response platform. In 2022, it completed a $75 million funding round, bringing its total capital raised to over $250 million.
