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HMB Congratulates Dina Care on Closing $7M Series A

01/12/2021

HMB congratulates client Dina Care, an AI-powered care-at-home platform and network, for successfully closing a $7 million Series A funding round led by Philadelphia-based Osage Venture Partners. Existing investors, strategic partners and Wheaton, Ill.-based First Trust Capital Partners LLC, also participated in the round.

Funding will be used to accelerate Dina Care’s development of its industry-leading care coordination platform and expansion of its national network to support the healthcare industry’s rapid transition to virtual and in-home care. Dina Care CEO, Ashish V. Shah, said, “Our digital platform uniquely brings together several important aspects to successfully deliver care-at-home models: a network of the very best home-based and other post-acute providers, real-time collaboration tools, remote patient monitoring capabilities and actionable home-based insights to facilitate clinical intervention and address the non-medical and social determinant needs of an individual.”

HMB’s Venture Capital and Emerging Companies Team included Brian H. Axelrad, Ati P. Khatri and Raymond J. Jacobi III.

Read the full press release here.

Learn more about HMB’s Venture Capital and Emerging Companies practice here.

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