Cohealo, a healthcare technology company based in Boca Raton, has raised a $750,000 seed round led by Romulus Capital in Boston. The company raised $400,000 last year, bringing total funding to $1.15 million. Cohealo, founded in early 2012, will use the funding for product development and nationwide customer expansion, said Mark Slaughter, Cohealo’s founder and CEO.
Capitalizing on the power of the "sharing economy," Cohealo’s platform connects medical devices not being used in a hospital system to doctors at sister-locations who need them, saving costs. Cohealo, now with 19 employees, has deployed its service in more than 40 hospitals in four states -- 25 of those in Florida — and Slaughter expects the number of hospitals to triple by early 2014.