PicnicHealth raises $25 million
San Francisco-based PicnicHealth, the startup giving patients “unprecedented” access to their medical records and the ability to contribute to scientific research, has raised $25 million in a Series B round led by Felicis Ventures, with participation from Amplify.
Led by Noga Leviner and Troy Astorino, PicnicHealth was founded in 2014 to help patients with chronic or complex illnesses gain control of their medical records so they can more effectively navigate their healthcare journeys. To date, PicnicHealth has helped tens of thousands of patients by porting their records from any doctor or EMR in the United States into a single, secure online account.
In July, PicnicHealth announced the launch of the PicnicHealth Research Platform, which allows patients to give consent to share their de-identified data with researchers. The result is “the first fully patient-consented real world data set” that gives a complete view of each patient’s journey over time and across all of their different medical providers. The company has created a solution to collect records at scale, use ML to structure data from those records, and then leverage clinicians to ensure accuracy where algorithms on their own fall short of rigorous regulatory and clinical standards. The resulting data both trains PicnicHealth’s ML models and is truly useful for patients and research alike.
The company charges users $299 for the initial records collection and then $39 each month for ongoing updates, but those who will contribute their data for research will enjoy free access to the service.
“Our mission at Felicis is to invest in companies that reinvent critical markets such as healthcare research. PicnicHealth embodies this approach, as it is poised to make a massive impact on our ability to treat chronic disease.” – Managing Director of Felicis Ventures Sundeep Peechu.
“PicnicHealth started as a way to give patients more control navigating their own care. We quickly realized we were actually solving a much bigger problem by turning each patient’s messy, dispersed data into structured data. The result not only helps patients directly but it also really moves the needle on research.” – Noga Leviner, CEO PicnicHealth.
“PicnicHealth stands alone in the real world evidence market by providing transformative value to patients with chronic conditions and to researchers working on cutting-edge treatments. We were thrilled to partner with the founders early in their journey, and are equally excited to partner once again in support of their explosive growth.” – Sunil Dhaliwal, General Partner of Amplify Partners.
