Oregon-based tech startup Vector raises $12.5M in Series A funding to accelerate the adoption of digital health and remote care in cardiology

Did you know that more than 10 million people have implanted cardiac devices? At the peak of the COVID-19 pandemic, when healthcare organizations were shut down, remote cardiac monitoring technology quickly became an essential tool for keeping cardiac patients safe.

One of the companies that provided the much-needed support and care for the patients during the time is Vector Remote Care, a Bend, Oregon-based tech startup and a cardiac digital health provider. Vector’s cardiac digital health solution makes it simple for care teams to accurately capture, manage, analyze and act on the growing volume of remote data generated from cardiac devices.

Yesterday, Vector announced it raised a $12.5 million Series A investment to support the rapidly growing demand for the company’s remote cardiac monitoring solutions. The funding proceeds will also be used to accelerate product, engineering, and patient engagement. The round was led by Updata Partners.

Vector was founded in 2017 by Kevin Hoffman. The startup helps monitor and manage the entire cardiac remote monitoring lifecycle – from patient set up to data transmission to analysis – so cardiac care teams can stay focused on what matters most: delivering the best care.

Unlike other monitoring tools on the market, Vector provides the software and services to efficiently work without getting overwhelmed by multiple systems, manual processes, or being at risk of missing important alerts. This helps clinics ensure their patients stay connected while maximizing the value of cardiac remote monitoring technology.

“The COVID-19 pandemic accelerated the use of digital health technology. While health care providers worked to adapt and create solutions to address the urgent need for remote cardiac monitoring, Vector quickly established itself as a leader in this space with its unique, already proven patient-centered approach to solving this problem,” said Jon Seeber, General Partner at Updata Partners. “We are honored to be part of Vector’s journey at a time when their solutions and support literally have become a lifeline to patients unable or unwilling to visit their doctor in-person.”

Vector helps monitor and manage the entire cardiac remote monitoring lifecycle—from patient set up and connectivity to data transmission, to analysis and EHR integrations—using purpose-built technology designed to automate administrative tasks and drive patient engagement.