Tridiuum raises $9.5M from stock and debt sale

In a one-on-one with Philadelphia Business Journal, Tridiuum CEO Mark Redlus overviews the digital health company’s technology, its applicability to early identification of and intervention in behavioral issues, and new developments.

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The Article Explains:
Tridiuum Inc., a Philadelphia digital health company, raised $9.5 million from a private stock sale and debt financing deal.

The series B financing – which accounted for about 75 percent of the money raised – was led by Sopris Capital and Fresenius Medical Care Ventures. Series A investors Ben Franklin Technology Partners of Southeastern Pennsylvania and Martinson Ventures also participated.

The debt funding was secured from Silicon Valley Bank.
 
On how the funding will help accelerate Tridiuum’s growth:
Tridiuum CEO Mark Redlus said the funding will allow the company to expand its sales force and marketing efforts, and invest in product development as it attempts to grow its market share in the “digital integrated behavioral health” field.

“It will further accelerate our ability to make significant positive impact in not only patient outcomes, but also to increase access to behavioral health care,” Redlus said.
 
 
PBJ - Digital health company Tridiuum raises $9.5M

 
 

Full article’s direct URL: http://tridiuum.com/wp-content/uploads/2020/02/Philadelphia-Business-Journal-SeriesB-Tridiuum.pdf