Figure 1, a Toronto-based digital health startup known as the “Instagram of Doctors” app has raised $10 million in Series B funding led by Kensington Capital Partners. The round included participation from Samsung and insurance conglomerate John Hancock/Manulife, it included Hedgewood and WTI.
Founded in 2012, Figure 1’s HIPAA-compliant app, health-care professionals can share high-quality medical images organized by anatomy and specialty including X-Rays, MRIs, CAT scans, ECGs, and EKGs for teaching purposes and to attain feedback from each other about possible diagnoses and treatments.
In just four years, Figure 1 has become the default global platform for millions of healthcare professionals to connect with each other around patient cases. With more than two-thirds of U.S. medical students on the platform, Figure 1 represents the future of medicine — and today’s announcement will fund that future
“Every morning we wake up with the goal of democratizing medical knowledge in order to help save lives,” said Gregory Levey, Figure 1’s CEO in a statement. “We are thrilled to be partnering with investors who understand why we come to work. Using these resources, the coming years will see Figure 1 integrate new technologies in order to completely transform itself — bolstering the already astounding capabilities of the network. We are just getting started.”
