OVERLAND PARK, Kan.—On Wednesday, ABPathfinder announced a “significant Series A investment” led by FCA Venture Partners, a Nashville-based venture capital firm focused on health care.
Previous ABPathfinder investor Dundee Venture Capital and Arkansas-based Tonic Fund also contributed to the round. Terms of the raise were not disclosed.
“We continue to have strong acceptance in the market and know that there are thousands more organizations that could benefit from the ABPathfinder software,”ABPathfinder president and CEO Jeff Blackwood said in a release. “FCA Venture Partners’ deep experience in the health care technology industry and proven track record of helping companies like ours scale will help ABPathfinder achieve our mission of helping therapists and educators maximize outcomes for their clients.”
ABPathfinder helps provide autism therapy management solutions to helps educators and therapists create lesson plans and collect, chart and analyze data while reducing paperwork and extra tasks—putting more time into the children they’re helping. A study completed in 2012 showed that ABPathfinder helped therapists increase a child’s skill acquisition up to 20 percent while cutting administrative time in half.
Blackwood says ABPathfinder hopes to expand its team of nine to a dozen people by the end of the year, with a goal of reaching 27 by the end of 2015. The startup also is working with local firm Cremalab on a UI/UX redesign of its product.
In June, the startup was accepted into the Startup Health Academy, a three-year nationally recognized program focused on companies in the health care space. Based out of New York, the Startup Health Academy combines entrepreneurial coaching with support from the health care community to scale companies like ABPathfinder.
Read more about ABPathfinder through our previous coverage: “ABPathfinder accepted to three-year Startup Health Academy program“