Telios, one of the pioneers of telemedicine in Romania, announced today it has closed an investment round of $ 200,000, including follow-on participation from existing investors. This 2nd round has been syndicated by us, Transylvania Angels Network in Cluj-Napoca, with involvement from other angel networks including Growceanu in Timisoara and TechAngels Romania in Bucharest, through Smart Impact Capital.
Importantly, this is the first time that 3 of the largest angel networks in Romania are joining forces in a common investment: us together with Spherik Accelerator’s investment fund and 2 foreign investors (an investment fund from Netherlands and a private investor from Belgium).
Telios services are covering a large and very diverse number of patients, from white-collar managers to blue-collar workers, who all need protection from COVID-19 and healthcare services delivered remotely in order to keep the economy going during the current crisis. The funding received will be used for expanding awareness of telemedicine in Romania, strengthening the market position, increasing the medical staff and enhancing the abilities of the platform.
By using Telios, private companies and insurers can provide employees and insured patients, together with their families, 24/7 access to leading-edge telemedicine services provided by a dedicated team of doctors and nurses. Instead of waiting for days for a traditional doctor’s visit, patients can now jump into a doctor’s visit by phone or online with the most suitable specialist for their healthcare needs within minutes without being exposed to contact with other patients.
“I am glad to be part of Telios and to contribute as an investor and advisor in both investment rounds. It was a challenging opportunity for me to contribute to this project, together with valuable founders and stakeholders, in order to build something innovative and very necessary in our healthcare environment. Being a pioneer in our market Telios brings through its founders, a wealth of American experience in the field of telehealth. Teaching our local healthcare system how to benefit from reducing visits to clinics, as well as other benefits; saving time and costs for people and companies, and introducing an important new service of obtaining second opinions. All these provide a good foundation for a high growth in the coming months and years.” said Florin Pop, Transylvania Angels Network’s Lead Investor and Founding Investor of Telios.
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