Zipnosis Lands Another $3m Equity Investment

Minnesota Healthtech Venture Zipnosis has recently raised an additional $3m of equity investment per disclosure.

Zipnosis was established in 2008 by CEO Jon Pearce to offer economical online diagnosis and prescription services for minor health ailments, defining telehealth in the early days.

While they started as a direct to consumer model and began scaling with that approach, the company shifted the product into a true B2B SaaS solution by 2013 and partnered with a variety of nationwide medical providers who wanted to offer the virtual visit option directly to their own patients.

In August the company raised $3m and counting this new investment, Zipnosis has raised approximately $26 million dollars to date making the company one of Minnesota Tech’s most funded.   After a downsizing in November, Zipnosis is holding steady around 35 full time employees now.

“Building on a successful 2018 with 74% year over year revenue growth, the company is using the new investment proceeds to support additional platform enhancements and expanding customer base,” says Zipnosis’ CFO Eric Bosler.