Launchpad Digital Health Company Profile

Background

Overview

Founded in 2013, Launchpad Digital Health is a prominent U.S.-based venture capital firm specializing in early-stage investments within the digital health sector. The firm is dedicated to partnering with entrepreneurs to develop companies that enhance healthcare delivery, reduce costs, and improve patient convenience. By providing substantial capital and strategic mentorship, Launchpad Digital Health aims to drive innovation and transformation in healthcare through technology.

Mission and Vision

Launchpad Digital Health's mission is to support and accelerate the growth of digital health startups that have the potential to revolutionize healthcare services. The firm's vision encompasses fostering a future where technology seamlessly integrates with healthcare to provide efficient, accessible, and patient-centric solutions.

Key Strategic Focus

Investment Strategy

The firm focuses on early-stage investments, typically entering at the Seed to Series B stages. Launchpad Digital Health provides significant capital, with investments up to $1 million in seed rounds and $2-3 million in Series A and B rounds. The firm emphasizes a hands-on approach, offering a one-year program that includes co-location with other startups and regular engagement with its founders, partners, and mentors.

Areas of Specialization

Launchpad Digital Health targets companies operating in various domains within digital health, including:

Healthy living and wellness

Patient compliance

Remote diagnostics and monitoring

Electronic health and wellness records

Data analytical tools and big data

Independent living support

Financials and Funding

Funding History

In January 2020, Launchpad Digital Health announced the first closing of its second venture fund, LDH Ventures II. This fund focuses on venture investments from Series Seed to Series B stages, with the capacity for follow-on funding. Participating investors include the venture arm of a leading global insurance company, Spectra Management Advisors, Wilson Sonsini Goodrich & Rosati, and other institutional investors.

Utilization of Capital

The capital raised through LDH Ventures II is intended to support the growth and scaling of portfolio companies, enabling them to develop and commercialize innovative digital health solutions.

Pipeline Development

Portfolio Companies

Launchpad Digital Health has invested in over 30 digital health companies. Notable investments include:

Smileyscope: A virtual reality (VR) digital therapeutic suite designed to help children remain calm during medical procedures involving needles and anesthesia.

Limelight Health: Provides a quoting and underwriting platform for the employee benefits industry, aiming to streamline processes and improve efficiency.

Hint Health: Offers an enterprise management platform for Direct Primary Care organizations, facilitating better management and scalability.

Patch: Focuses on automating health insurance and finance processes, allowing healthcare providers to concentrate on delivering quality care.

Harmonize: Develops a remote patient management platform that partners with medical groups to better serve high-risk patients through AI-driven monitoring and care delivery.

Technological Platform and Innovation

Proprietary Technologies and Methodologies

While Launchpad Digital Health does not develop proprietary technologies, it invests in companies that leverage innovative scientific methodologies and AI-driven capabilities to advance digital health solutions. These investments focus on technologies that enable streamlined patient, provider, and payer experiences in continuously monitored environments.

Leadership Team

Fred Toney
General Partner, CEO & Co-Founder
Fred Toney co-founded Launchpad Digital Health in 2013. With over 20 years of experience in technology, medical, and digital health markets, he has held roles such as Co-Founder, Executive Chairman, and CFO of RxList (acquired by WebMD); CEO of HealthCentral; and CFO at its IPO on Nasdaq. He has also served as EVP & CFO of C8 MediSensors. Fred has been involved in funding and operating numerous companies in the healthcare and technology sectors.

Ted Ridgway
General Partner & Co-Founder
Ted Ridgway co-founded Launchpad Digital Health and serves as a General Partner. He has extensive experience in venture investing and has been instrumental in guiding the firm's investment strategy and portfolio development.

Mark Schwartz
Managing Director
Mark Schwartz joined Launchpad Digital Health as Managing Director in 2014. He brings a wealth of experience in managing and advising technology and healthcare companies, contributing to the firm's strategic initiatives and operations.

Competitor Profile

Market Insights and Dynamics

The digital health sector has experienced significant growth, driven by advancements in technology and an increasing emphasis on improving healthcare delivery and patient outcomes. The market is characterized by a diverse range of startups and established companies developing innovative solutions across various domains, including telemedicine, health analytics, and patient engagement platforms.

Competitor Analysis

Launchpad Digital Health operates in a competitive landscape alongside other venture capital firms and accelerators specializing in digital health investments. Notable competitors include: