Blockchain Startup Hashed Health Raises $1.8 Million

The startup at the heart of a healthcare-focused blockchain consortium has raised $1.85m.

AccessTimeIconFeb 7, 2017 at 5:35 p.m. UTC
Updated Sep 11, 2021 at 1:04 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The startup at the heart of a healthcare-focused blockchain consortium has raised $1.85m.

The funding round for Hashed Health was led by Martin Ventures, an existing investor. Blockchain VC firm Fenbushi Capital, along with a group of private investors and relatives of the management team, also took part in the round.

In statements, Hashed Health’s backers positioned the new funding as a way for the consortium to advance its work. Charles Martin, chairman and founder of Martin Ventures, said of the round:

“The healthcare industry must be drastically reformed in order to address problems related to quality, cost and waste. Hashed Health is poised to drive innovation and collaboration to reach these goals.”

Hashed Health launched its consortium last year in a bid to stoke interest amongst US healthcare firms in the tech. It’s one of a number of initiatives focused on healthcare applications, a topic that has led interests from Capital One to the US Food and Drug Administration to test use cases.

Yet large-scale adoption isn't necessarily a given. As reported by CoinDesk, some of those working in the field say that those working with the tech aren’t exactly aligned with the needs of the healthcare industry.

Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.