Deals

Health care tech startup COMS Interactive grabs $21M

COMS Interactive, a startup that produces an SaaS products for the health care industry, has secured a new $21 million round of funding, the company announced today.

COMS’ main product is Daylight IQ, a software suite that manages health and disease profiles for elderly residents at senior living facilities. (I would have said nursing homes but that seemed insensitive and politically incorrect.) The software suite helps track changes in a person’s condition and alerts attendance and doctors accordingly, which basically helps patients from going to the doctor multiple times before finding what’s actually wrong.

The startup said it plans to use the fresh capital to expand the company, develop additional products in conjunction with Daylight IQ, and for redemption of COMS common stock holdings.

The new round of funding was led by Summit Partners. Under terms of the deal, Summit Partners managing director Mark deLaar will also join COMS board of directors.

Founded in 2010, the Cleveland, Ohio-based startup previously raised a $2.7 million round of funding and has a total of $23.7 million in funding to date from Summit Partners, Zapis Capital Group, Next Sparc LLC, and Portal Capital LLC.

Health care image via Shutterstock

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