SMEpost

Kerala-based health start-up raises funding from Accel Partners

Kochi: Kerala-based health start-up Good Methods Global Inc. (GMG) with its global operation in the US has raised a series A round of funding led by Accel Partners taking the total sum raised from its inception three years ago to $9 million.

The company COO Arjun Satheesh said the funds will be used to expand its sales, product adoption and engineering and for talent acquisition. The company has developed a cloud based practice management platform for the health and wellness industry in the US with prime focus on dentistry. Its clientele includes large dental groups and multi-location practice chains.

Apart from its office at Technopark in Thiruvananthapuram, its operations are spread across Orlando and Houston in the US. “We hope to double our staff strength from the current 100 in the space of a year by increased hiring,’’ Satheesh said, adding that it hires young talent from across India who are paired with specialists with healthcare and technology experience.

The company is planning both vertical and horizontal expansion. “We may look at areas other than dentistry in healthcare and also other locations,’’ Satheesh said. Its practice management software facilitates automation of business functions, patient engagement, business intelligence tools, enterprise reporting and data analytics.

GMG claims this is the first investment in Kerala by the Silicon Valley-based venture capital fund Accel Partners. Shekhar Kirani, partner at Accel India will join GMG’s board of directors.

Source: Economic Times