Angel List Equity Crowdfunding Platform Raises Record-Breaking $1.5 Million for MD Insider

10 Nov

MD Insider’s round included more than 90 individual investors and filled in just minutes, with hundreds of other investors unable to participate after the round became almost instantly oversubscribed

By Robert Hoskins

Santa Monica, CA MD Insider, a big data healthcare innovator that significantly reduces healthcare costs for employers, today announced that it closed a $1.5 million investment – the largest online investment round ever raised on AngelList, the leading technology startup equity investing platform. The syndicate was led by renowned investor, Tim Ferriss, best-selling author and early investor/advisor to companies including Facebook, Twitter, Evernote, and Uber. MD Insider is now the #1 most active company and the #1 company (by size of investment) on AngelList.

AngelList Equity Crowdfunding Platform Raises Record-Breaking $1.5 Million for MD Insider Corp

AngelList Equity Crowdfunding Platform Raises Record-Breaking $1.5 Million for MD Insider Corp

“MD Insider is a truly disruptive business, so it is exciting to include another disruptive model – crowdfunding, as part of this investment round,” said David Norris, CEO of MD Insider. “We are very pleased with the results and are happy to see so much demand for investment in our business.”

MD Insider’s round included more than 90 individual investors and filled in just minutes, with hundreds of other investors unable to participate after the round became almost instantly oversubscribed. From start to finish, the entire round took only about two and a half weeks to close and wire. MD Insider will use the new funds to expand its research and development efforts and to continue to grow their industry leading pool of physician performance data, which currently tops 1.8 billion records.

“I am very excited about MD Insider. Their mission to provide performance and cost transparency in healthcare is hugely important,” said Tim Ferriss. “I believe MD Insider is truly disruptive and will have a large impact on the world. I can see several things already: the need in my own personal experience with medical problems, the demand in the healthcare market, and the broader applications of their amazing data set.”

“AngelList was excited to see MD Insider’s successful raise,” said Millie Tadewaldt of AngelList. “The MD Insider round is an excellent demonstration of our platform’s ability to swiftly bring together dozens of angel investors to accomplish a large funding round, behind an experienced lead investor like Tim Ferriss.”

MD Insider is a technology healthcare company that uses the power of big data to significantly reduce healthcare costs for employers. By providing Physician Performance Transparency in the areas of experience, quality, and cost, MD Insider enables employers to optimize their physician networks, providing the best quality and lowest cost physicians to their employees.

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