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July 11, 2022
Keeping The Columbus Tech Community Connected and Informed
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Latest Columbus Tech & Startup News
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(www.bizjournal.com) (ColumbusInno) 📸: Carrie Ghose
- Columbus-based Gifthealth Inc. started this year aiming for $30 million in revenue and now expects to comfortably exceed that after $3 million in sales in the month of June alone.
- The startup projects $85 million in revenue in 2023, co-founder and CEO Nick Potts said. Within five years, he wants the startup on a path to IPO and serving millions of patients weekly.
- Gifthealth also is a general pharmacy, but specialized focus areas like colonoscopy prep kits unlocked faster growth.
- The software integrates with electronic health records, and doctors customize the platform to send out their specific diet instructions to patients and automate text reminders of when to start preparing. Meanwhile its analytics draw on some 100 million past prescription claims to inform its model for finding the best price and available inventory.
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(www.cio-tomorrow.com) (CIO Tomorrow)
Call for Submissions for Innovation:
- The CIO Tomorrow Planning Committee is calling for submission for companies to share their innovations. In order to spur creativity, innovation videos will be created and submitted via TikTok. This is a great way for companies to spur cross-generational conversations as for many TikTok is a new medium.
CIO Tomorrow Dance Challenge:
- In order to have some fun and draw some attention to the upcoming CIO Tomorrow conference, we’d like to throw down the CIOTomorrow dance challenge. Let’s show the rest of the world how much fun our technology community is!
- Please click here for full details and instructions
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(www.dispatch.com) (Columbus Dispatch)
- OhioHealth is eliminating 637 jobs, the health system's largest layoff ever, as part of a plan to drive improvements in patient care.
- IT workers will remain on payroll through Jan. 3, with the opportunity to train and reskill for other roles in the organization. Outsourcing much of the IT work to Accenture.
- OhioHealth says the move is not about saving money but rather driving improvement in patient care and services and positioning the health system for a future more reliant on telemedicine.
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(www.bizjournal.com) (ColumbusInno) 📸: HomeTown Ticketing
- The two biggest funding rounds for Columbus tech startups so far this year came in the second quarter, even as investment sizes are shrinking across the country.
- HomeTown Ticketing Inc. raised $75 million in April from Nexa Equity, according to a news release. Since a 2019 relaunch, the Columbus company is using proceeds to add tech features and meet customer demand quickly growing.
- Then came the year's largest round to date – $147 million for Branch Insurance in June at a unicorn valuation of $1.05 billion. That Series C was led by Weatherford Capital.
- Investors are more cautious this year after shattering records in 2021, according to PitchBook/NVCA. While some 1,400 VC deals announced this year are at the same pace as last year's deal counts, the size of each round "has declined rather significantly across all stages."
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Community Meetups, Special Events, & Conferences
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July 15th at COhatch at the Gateway. Space is limited, save your spot!
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