Slater invests $250K in Care Thread

CARE THREAD, a provider of secure mobile messaging and team-based collaboration solutions for the medical industry, has landed a $250,000 investment from the Slater Technology Fund.
Posted 1/8/13

PROVIDENCE – The Slater Technology Fund has committed to $250,000 in funding to a $750,000 seed round for Care Thread, a provider of secure mobile messaging and team-based collaboration solutions for the medical industry, Slater announced Tuesday.

An alumnus of the Betaspring startup accelerator, Care Thread plans to use the new investment to advance the development and commercialization of its mobile messaging solution.

“Care Thread is solving a really important problem in a mission-critical setting,” Thorne Sparkman, managing director of the Slater Technology Fund, said in prepared remarks.

“Teams of doctors and nurses are collaborating twenty-four hours a day to save lives, and they’re trying to reach each other with pagers! Now that many members of care teams are carrying sophisticated mobile devices in their pockets, the time for the messaging paradigm to change is here - but it’s a nuanced task,” added Sparkman. “[Dr. Scott Guelich’s] experience bridges diverse domains and technologies, and we’re excited to work with the talented team he has built.”

Guelich, a former software consultant and medical doctor, is Care Thread’s co-founder and CEO. According to a release, after going from Silicon Valley to working in a hospital, Guelich was struck by the challenges doctors and hospital staff face when communicating and coordinating care.

“He founded Care Thread to give them the tools they need to better serve their patients,” said a Slater Fund release.

The Care Thread investment is the Slater Fund’s first in the new year. Slater’s 2012 investments included med-tech maker IlluminOss Medical Inc. and an energy management services company VCharge, among others.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News