The funds will be used for expanding product offerings and sales efforts, as well as hiring more talent.

The company was founded in 2012 with the idea of directly connecting payers and providers of healthcare through Substrate, the main product for Moxe. This system integrates insurance information and aggregates other patient data, saving healthcare providers time and effort.

“By connecting various databases together, Moxe facilitates a more holistic view of patient health,” said Gary Kurtzman, M.D., managing director for Safeguard and future member of Moxe board of directors.

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