American Enterprise Ventures leads $1.75 million seed round in healthcare company

American Enterprise Ventures (AEV) announced this week that lead a $1.75 million seed round in Repisodic, a healthcare technology company based in Philadelphia.

Repisodic has created a platform used by discharge planners that provide patients with the tools they need to evaluate, understand, and confidently choose post-acute care and other follow-up care services for when they leave the hospital or other care setting. The platform reduces hospital length of stay; increases use of preferred networks, high-quality healthcare providers, and services; and increases patient satisfaction throughout the discharge and care transition process.

The company plans to use the investment to recruit and hire sales, marketing, and technology personnel in Q1 of 2020.

“Repisodic is a fantastic add to our ecosystem of solutions supporting and expanding our customer experience. We feel the solution fills a gap in our short-term care insurance market and will help transform our interactions with our customers. The company and its founders have the stamina to grow the platform nationwide, and we are excited to be part of that growth,” said Julie Pearce, Director of Innovative Solutions for AEV.

American Enterprise Ventures is a Des Moines-based venture capital company backed by American Enterprise Group. AEV’s investment strategy focuses on early-stage startups in the insurance, finance, and healthcare industries. With initial investments of up to $1 million, AEV’s funds are typically made in seed and Series A round startups.

AEV recently led another $500,000 round in CareValidate, an Atlanta-based company that has created a life-saving light bulb for seniors.  
AEV invested $300,000 in CareValidate, with the additional $200,000 of funds coming from angel investors.