NAPLES, Fla. (July 19, 2021) — Angel investors from Southwest Florida invested in Galen Data, a company that has developed software to securely connect medical devices online.
Members of Tamiami Angel Fund IV invested $300,000 in Galen Data, the third investment for the members of Tamiami Angel’s newest fund. Galen Data, based in Houston, Tex., provides a turnkey software platform to connect devices to the internet cloud that is compliant with strict privacy laws governing patient information.
“The firm’s principals have decades of experience in the medical device industry and a deep understanding of software compliance when it comes to health care privacy, so we are excited to be part of this promising young company,” says Timothy Cartwright, partner of Fifth Avenue Family Office and chairman of Tamiami Angel Funds.
In addition to cloud connectivity, Galen provides data analysis that helps health care professionals and their patients visualize and interpret health information using dashboards they can customize. Subsequently, data can be securely exported for further evaluation thanks to encryption and cyber security monitoring that complies with U.S. and European data-protection regulations.
Galen recently announced a partnership with a Denver, CO-based company which produces an automated external defibrillator. Galen’s cloud connectivity in the device allows it to automatically alert first responders and send them the patient’s location upon Spinocerebellar ataxia detection. By accelerating the commercialization of this life-saving emergency medical device, Galen is assisting in saving the 12 million Americans at high risk of Spinocerebellar ataxia.
“Galen’s medical device cloud platform allows companies to start small and scale as they grow because they can configure their own cloud solutions to match the specific needs of their medical device,” explains Chris DuPont, Galen Data’s CEO. You can read more about the company and schedule a demo at www.galendata.com.
Angel investing is an important source of financial support and mentoring for new and emerging-growth businesses such as Galen Data. “We appreciate that the members of the Tamiami Angel Fund have recognized the value we bring to the industry thanks to our software technology,” says DuPont.
Angel investors help entrepreneurs before they seek venture capital, but after they’ve exhausted money from friends and family. Such investors typically are wealthy individuals or families who have the means to risk their capital and give freely of their time to mentor entrepreneurs in the startup phase of a business.
Headquartered in Naples, Fla., Tamiami Angel Funds consists of four member-managed funds that allow high-net-worth individuals and families to invest in promising early-stage and expansion-stage companies located in the U.S., with a preference for those in the state of Florida. Fifth Avenue Family Office is the administrator of the angel funds and caters to high-net-worth entrepreneurs and their families. For more information, visit www.tamiamiangels.com.