PaceMate®, a market leading cardiac data management platform, announced today a strategic growth investment from Lead Edge Capital, a technology-focused investment fund that has invested in leading companies such as Duo Security, Toast, Spotify, Wise, Alibaba Group, and Grafana.
PaceMate offers comprehensive and flexible cardiac data management software and 24.7.365 clinical service solutions. PaceMate is the market leader in electronic health record interoperability, harmonizing disparate cardiac and EHR data to create workflow solutions in a single, cloud-native environment.
“Lead Edge Capital’s investment propels our strategic vision and growth trajectory, allowing us to rapidly scale our presence, expand our product portfolio, and deliver flexible solutions to more healthcare institutions. As the pioneer in cardiac remote monitoring, we are elevating cardiac digital healthcare with data-rich and interoperable environments, integrating essential patient data in real-time to enhance efficiency and patient outcomes,” said Tripp Higgins, CEO and Co-Founder at PaceMate.
The investment follows significant momentum and a record year for PaceMate, which has grown revenues in excess of 100% while adding several top cardiac practices and health systems as customers.
“PaceMate delivers a powerful set of solutions focused on improving patient care and outcomes within the cardiac disease segment. Over the past several years, the company has worked tirelessly to deliver superior technology, service, and a level of care which has been unparalleled within the market. We are thrilled to partner with Tripp and the team on PaceMate’s next phase of growth,” said Brian Neider, Partner at Lead Edge Capital.
Raymond James & Associates, Inc. served as financial advisor, and Foley & Lardner, LLP served as legal counsel to PaceMate. TripleTree, LLC served as financial advisor, and Goodwin Procter, LLP served as legal counsel to Lead Edge Capital in connection with this transaction.
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