trials will of course require money. Van Sickle says Propeller has raised a total of $24 million from investors, and it plans to close a Series C funding round by June.
The company’s main business model is to partner with health systems, insurers, employers, municipal governments, and other groups, who pay for the use of the devices and related services by their patients, members, employees, and citizens. Propeller’s products have been used by patients through more than 35 commercial programs across the U.S., Van Sickle says, and its clients include Dignity Health in California, the Wyckoff Heights Medical Center in New York, and the city of Louisville.
