DocSpace, a digital health commerce platform, landed $1.2 million in seed funding from several investors, led by Los Angeles-based Slauson & Co., and including Precursor Ventures, Acrew Capital's Scout Fund, Sputnik ATX Ventures and others. DocSpace says the funding will help launch DocSpace Pay, an integrated one-click-checkout healthcare payment system for both patients and clinicians.
The startup, which launched in March 2020, provides online tools to help clinicians start and maintain their own private practices. The company offers custom digital storefronts and scheduling, videoconferencing, banking, payroll and bookkeeping applications — all of which it says are HIPAA-compliant.
DocSpace co-founder and CEO Mario Amaro, MD, said that common roadblocks tend to discourage healthcare professionals from building new businesses.
"This is why we were inspired by Shopify's business model and the infrastructure they created to empower retail merchants to be small business owners," Dr. Amaro said.
Along with DocSpace Pay, Dr. Amaro said the company intends to use the seed funding to bolster its marketing and sales teams.