Healthbox Attracts a National Cohort of Innovative Healthcare Technology Companies to Chicago

Healthbox's footprint helps to fuel the growth of entrepreneurship and venture investing in Illinois

CHICAGO--()--Healthbox recently announced its newest class of Healthcare technology companies for its upcoming Chicago Studio launching on Wednesday, July 29th in the new 1K Fulton Market in Chicago’s West Loop. This will be Healthbox's fourth program in Chicago and fourteenth overall, where they have worked with 105 healthcare startups and invested in 85 to date. Since its inception in Chicago in 2012, Healthbox has contributed to a boom in the healthcare entrepreneurial movement in Illinois. Currently, Illinois ranks as the seventh most active state in healthcare venture capital activity and value from 2014 to present.1,2,3Healthbox is honored to play an active role in further stimulating the local ecosystem and driving entrepreneurial innovation in Illinois,” said Healthbox founder and CEO, Nina Nashif. “The region has a strong healthcare footprint that has been untapped and our goal is to continue to curate a network that encourages entrepreneurs to build their businesses here.”

One standout in the local boom is SwipeSense, a Healthbox portfolio company based in Chicago, which raised a Series B Round of $9.7M earlier this year. "Healthbox has been a critical platform for Chicago-based startups and beyond," said Mert Iseri, CEO of SwipeSense. "It enabled us to rapidly test our business model and access the right players in the market to build a successful business."

The upcoming Chicago cohort is made up of ten companies from around the country that were selected from over 120 applicants via a rigorous selection process in collaboration with Health Care Service Corporation (HCSC) and Edward-Elmhurst Healthcare. This cohort will also include an employee innovation, Guardian Health Technologies, from Rush University Medical Center, with the goal of Healthbox supporting the creation of a commercial business plan to accelerate growth.

"We are excited to continue to attract innovative companies to Chicago,” says Maria Siambekos, Vice President at Healthbox. “We look forward to working with a strong class of seasoned and proven entrepreneurs that need our help to rapidly scale their businesses.”

Overview of the 2015 Chicago Studio Cohort

Admetsys has developed a novel artificial pancreas for hospital and surgical care that improves health outcomes and health economics through high-tech automation.

GreenLight Medical is a cloud-based platform to facilitate online collaboration between hospital staff and medical technology professionals for the review, approval, and purchase of new medical technology.

Guardian Health Technologies from Rush University Medical Center is a medical decision support solution that uses artificial intelligence and evidence-based clinical content to analyze data to produce real-time insights to assist clinicians in making more accurate diagnostic and treatment decisions.

Human Practice offers a mobile platform for doctors to discover and communicate with each other within a health system to strengthen referral relationships.

ImmersiveTouch allows surgeons to visualize and practice a surgery using virtual reality and imaging technology.

Lifespeed allows you to personalize and share your health story with clarity through our innovative, private and secure platform.

Orunje is a healthcare on demand platform that connects patients with vetted local physicians and nurse practitioners with the goal of providing convenient, quality and affordable healthcare delivery.

SpiroSano is a clinical solution focused on redefining the way healthcare professionals manage chronic conditions such as Asthma, COPD, and Cystic Fibrosis by extending the relationship beyond the office visit allowing for real-life disease management.

Welltwigs has developed a smartphone connected fertility monitor that helps women get pregnant.

Wellth allows ACOs to directly and measurably improve the quality metrics on which they are graded and reimbursed.

About Healthbox
Healthbox is the preeminent source of healthcare innovation and drives actionable collaboration between inventors, entrepreneurs and the healthcare industry. Our studio programs offer serious entrepreneurs the candid, unparalleled healthcare industry access and insight needed to succeed in a complex marketplace. We also partner with leading healthcare organizations to advance a culture of idea generation, business creation and external collaboration. With operations in Boston, Chicago, Florida, Salt Lake City and London, Healthbox is building a strong, global community dedicated to driving change in healthcare. Healthbox has a portfolio of more than 75 active companies and strategic partnerships with more than 30 healthcare organizations.

1 CBInsights, The 2014 US Venture Capital Year in Review: Financing and Exit Analysis
2 CBInsights, The 2015 US Venture Capital Report: Financing and Exit Analysis
3 Healthbox Analysis


Blair Kessler

Release Summary

Healthbox launches Chicago Studio program, attracting a national cohort of innovative healthcare companies to Midwest.


Blair Kessler