We represented Axial Healthcare, Inc., a leading pain care solutions company, in its Series B round of financing led by Oak HC/FT, a venture growth-equity fund investing in healthcare services. The company initially secured $16.5 million, which will be used to further drive expansion of Axial’s suite of pain management capabilities, including a cloud-based,provider decision-support platform for pain treatment. The company has an option to raise an additional $1.25 million for aggregate proceeds of $17.75 million. Previous investors .406 Ventures, BlueCross BlueShield Venture Partners, Highmark Ventures, BlueCross BlueShield of Tennessee and Sandbox Advantage Fund, also participated in this round of financing.
Axial Healthcare Secures Series B Funding
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