SYNSORMED SELECTED FOR GOOGLE FOR STARTUPS BLACK FOUNDERS FUND
Theo Harvey and Amin Holmes are one of 50 founders selected for Google for Startups program focused on high potential startups from Black entrepreneurs based in the U.S.
(BIRMINGHAM, AL) — September 21, 2021 –SynsorMed, a premier digital health and remote care solution, today announced it was selected to join the second cohort of the Google for Startups Black Founders Fund, a $10 million initiative designed for Black founders, who are building great companies yet are often locked out of access to the funding that is critical to their success.
Last year, Google for Startups gave 76 Black-led startups up to $100,000 in non-dilutive funding, helping them keep their doors open, pay their employees, and focus on building their businesses. With this second $5 million investment in the U.S. Black Founders Fund, 50 more founders across the United States will receive $100,000 in non-dilutive capital, meaning founders do not give up any ownership in their company in exchange for funding. The fund also includes technical support from tools and teams across Google, including as much as $120,000 in donated search Ads from Google.org and up to $100,000 in Google Cloud credits. Last year, founders who received awards went on to raise more than $50M in capital and 80% of recipients used the funding to create jobs.
SynsorMed, a premier digital health and remote care solution is one of a select few high potential startups that the Google for Startups team has selected for this year’s nationwide cohort.
“As a growing digital health startup focused on a large elderly population, we knew applying to Google for Startups would be extremely helpful in our future marketing toward disrupting traditional healthcare at home” says Theo Harvey, Co-Founder, SynsorMed. “This support from Google for Startups comes at a critical time and will be used to hire key employees, expand into new markets and build strong brand recognition”
“The Google for Startups Black Founders Fund embodies our mission of helping underrepresented founders grow their businesses. We are excited to continue the fund and contribute funding to Black founders, with no strings attached. Black founders currently receive less than 1 percent of total VC funding,” says Jewel Burks Solomon, Head of Google for Startups US. “We heard loud and clear from the 2020 fund recipients that Google for Startups and Goodie Nation have been crucial to their success not only through funding, but through community, mentorship, network connections and technical expertise.”
“Our advisors will be working with the founders to discuss business pain points, offer introductions to customers and investors and provide regular therapy sessions and forums to support recipients emotionally and professionally,” says Joey Womack, CEO of Goodie Nation.
SynsorMed is on a mission to help the 133 million people suffering from chronic illness at home. With its innovative remote monitoring and telehealth technology, SynsorMed is poised to reduce healthcare costs from the projected $430 Billion in 2030.
ABOUT SYNSORMED
SynsorMed Inc. is the premier digital health platform that encourages patient engagement and compliance. SynsorMed reduces costly chronic disease readmissions, delivers personalized care, and provides data for value-based care models. SynsorMed combines telehealth, remote patient monitoring and analytics to ease healthcare’s journey toward better patient health For more information please reach out to founders@synsormed.com
ABOUT GOOGLE FOR STARTUPS
Google for Startups works to level the playing field for startup founders and communities to succeed by bringing the best of Google’s products, connections, and best practices to startups. Paired with a deep commitment to create diverse startup communities, many of our offerings are designed specifically to provide underrepresented founders with access to resources and opportunities. We support startups everywhere to build something better. Because when startups succeed, we all succeed.
