M&A Finance
K&L Gates
Full Credential Description
Abridge, a Pittsburgh-based health care artificial intelligence startup, faced the challenge of effectively bridging the communication gap between patients and doctors. The company aimed to enhance patient recall of critical health care details, including conversations with doctors, diagnoses, procedures, and medications. To address this issue, Abridge developed a mobile app that utilizes AI software to securely transcribe medical visits at the consumer's discretion. To support its global launch and further development, Abridge sought legal and strategic guidance, resulting in a $15 million fundraising round. This funding was crucial for the launch campaign and attracted notable investors such as Union Square Ventures, Pillar, Bessemer Partners, KDT Ventures, and the University of Pittsburgh Medical Center. With over 50,000 users already engaged, Abridge's solution not only facilitates better patient-doctor communication but also positions the company as a leader in the intersection of technology and healthcare. The legal team from K&L Gates, led by corporate practice area leader Bob Zinn, played a pivotal role in advising Abridge throughout this process, showcasing the firm's commitment to supporting innovative companies in Pittsburgh's thriving tech and healthcare landscape.
Measurable Results
Successfully completed $15M transaction