Health Wildcatter’s Inaugural Class Raises $5 Million

8-26-2013 9-51-48 PM

In April 2013, Dallas, TX-based health accelerator Health Wildcatters unveiled its inaugural class of startups. The group, which was comprised of 12 health IT startups, went through a 12-week accelerator program together that concluded with a demo day hosted at the Southern Methodist University campus in Dallas. Prior to the demo day, startups were each provided $35,000 in seed funding and executive mentorship from local health leaders.

In a six-month follow up article, the Dallas News checked in with each of the 12 startups to see how life after graduation was treating them. According to the article, the funding climate in North Texas is booming, especially for tech startups focusing on healthcare. Green Park & Golf Ventures, a local VC firm, has been driving interest in health IT startups for the past year, investing $15 million in 33 startups, most of which were health related. Green Park & Golf were also sponsors at the Health Wildcatters demo day. Since graduating, the inaugural class of Wildcatters has raised a combined $4.6 million in additional funds.

Cariloop, a digital platform to access real time information about geriatric care and service providers, announced that since graduating the startup has raised an additional $400,000, from Green Park and others.

MakeMyPlate, an app that helps users make informed decisions about nutrition, is also reporting a $400,000 funding round since graduating.

Physmodo, a startup that has undergone a name change from Kinesio since its graduation, has raised $500,000 for its physical therapy monitoring platform.

WeCounsel, a mental health virtual visit platform, has raised $600,000.

Not all of the 12 startups have publically reported their funding levels. However, the Dallas News confirms that most have gone on to secure seed funding since graduating. Hubert Zajicek, co-founder and executive director of Health Wildcatters, said “We always believed that our startups would get significant traction. Raising almost $5 million in the first six months following the end of the program is proof of that.”

Wildcatters borrows its name from a type of early oil entrepreneur characterized by a their willingness to take chances with regard to where they drill.  Low operating costs and the ability to mobilize quickly were key to their success. The Health Wildcatter’s second class will begin this August, with applications due by this Sunday.


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