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Venture Capital News: Jiff Raises $7.5M Series A

2012-03-13
PALO ALTO, CA, Developer of the first HIPAA-compliant private healthcare social network and digital health apps platform, announced completion of a $7.5 million Series A financing round. Aeris Capital led the round, with participation from Aberdare Ventures
Jiff Inc., the developer of the first HIPAA-compliant private healthcare social network and digital health apps platform, today announced completion of a $7.5 million Series A financing round. Aeris Capital led the round, with participation from Aberdare Ventures, Jiff's founding seed investor. Jiff also appointed health care technology veteran Derek Newell as the company's first chief executive officer.

"Jiff has created a healthcare social network and digital health apps platform that has the power to transform how we experience healthcare," said Vince Kim, partner with Aberdare Ventures. "It's rare to find a team that is so deep in both consumer Internet technology design and healthcare. They are producing truly innovative products."

The financing will enable Jiff to deploy its healthcare social network, and to develop a suite of apps that will facilitate health, well-being, care and community. Jiff will also publish a software development kit to allow developers to create applications on the Jiff platform. Like the JiffPad, Jiff's award-winning iPad application introduced in 2011, the new applications will connect payors, providers and consumers in ways that were not possible before Jiff.

"As consumers and the health care sector grapple with the best uses of social media, digital health applications and mobile devices, Jiff will offer a secure and private digital health platform that is centered on the individual, not any one institution, and it is a technology that can scale to millions of users," Newell said.

Newell added, "To dramatically increase consumers' engagement and ownership in their own health, we must make it easy. Jiff is bringing that elegance of design to healthcare. That's why the company is called Jiff, 'Healthcare communication in a Jiff.' Simple. Elegant. Intuitive. Jiff is bringing that elegance of design to healthcare."

Newell brings to Jiff more than 20 years' experience growing and leading innovative health care technology and services companies. Prior to joining Jiff, Newell was president and CEO of Robert Bosch Healthcare. While at Bosch, Newell worked to build Bosch into the world's largest remote patient monitoring company. Previously, he was the CEO of Health Hero Networks, a US-based remote patient monitoring company, and the chief marketing officer of a leading disease management company. Newell holds graduate degrees in business and public health from the University of California, Berkeley.

"Over the next few years, the sources of health-related data will explode," Newell said. "There needs to be a company that aggregates that data and makes it useful for how healthcare is actually delivered. It needs to be useful and actionable for both the consumer and the provider. Jiff is filling that need."

Jiff Co-Founder James Currier said, "Combining Derek's deep healthcare and product knowledge with this engineering and consumer design team is not something the industry has seen before. Derek has hands-on experience in the challenges consumers and medical professionals face in remotely communicating and coordinating important medical data."

In conjunction with the financing, Kim of Aberdare Ventures, and George Rehm, J.D., managing partner of Aeris Capital, have joined Jiff's board of directors. Jiff co-founder, James Currier now serves as executive chairman.

About Jiff Inc.

Jiff Inc. provides the first HIPAA-compliant private healthcare social network and digital health apps platform. Jiff's platform allows consumers and health care professionals to build personalized and private communities of care in a HIPAA-compliant environment that connects people to their healthcare in a way not possible before Jiff. Founded in 2010 in Palo Alto, California, Jiff has assembled a world-class team of healthcare and consumer internet leaders to deploy a suite of elegant, effective and easy-to-use digital health tools that will redefine consumer and healthcare professionals' expectations for what can and should be done to improve healthcare.
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