Patient Pattern has closed on a $105,000 investment from the Buffalo Angels group, including $75,000 from its general fund and $30,000 in a private "sidecar" deal with members of the group.
This is the second closure of a Patient Pattern seed investment round this year, after Launch NY and entrepreneur Ben Sayers backed the company with a $100,000 seed investment.
The company was founded in 2013 by Steven Buslovich, a local geriatrician, and Brett Kellgren, a Chicago-based entrepreneur. Its technology uses data science to analyze the needs of large populations of frail patients in nursing homes, helping guide clinical decisions by doctors and administrators.
Patient Pattern already has a variety of customers in Western New York and across the U.S., and is working now with partners to close more large customers.
The company is experiencing so much demand right now that it is focusing on large strategic customers, who will help determine its long-term pathway, Buslovich said. Patient Pattern expects to start raising a more significant round of fundraising in 2018.
"We're at the point where the company can go in several different directions," Buslovich said. "We may be acquired by one of these partners, or we could become an integrated solution for multiple companies nationally in a variety of healthcare markets."