“It’s really great exposure for us,” said Charlie Kolb, co-founder and vice president of business development for Chiron Health. “It gives us exposure to those West Coast VCs. It fosters new connections and the right kind of exposure to people we want to be talking to.”
He founded the company with Andrew O’Hara in 2013 while students in the McCombs School of Business at the University of Texas at Austin. They both dropped out to work full time on Chiron, which is a telemedicine startup that enables physician practices to provide convenient access to patients through secure video visits.
So far, Chiron is working with 200 healthcare providers in 30 states. The company has raised about $3 million in seed stage funding. They have 16 full time employees. And the company will most likely raise a Series A round later this year, Kolb said.
Capital Factory chose Chiron to represent Austin in for Google Demo Day. Chiron will pitch for five minutes to a room full of top investors, VCs and judges. The pitch is followed by a brief question and answer session from the judges. At the end of the event, the judges will declare a favorite. And the livestream audience will also vote for their favorite in the “Game Changer” award. The event is on Wednesday from 10 a.m. to noon. It will be livestreamed on the Google for Entrepreneurs YouTube page.
This year’s judges include Steve Case, Chairman of Revolution and Case Foundation, Bedy Yang, managing partner of 500 Startups and Frank Chen, partner of Andreessen Horowitz.
This is the third annual Google Demo Days. Previous events have helped startups raise awareness and funds. Last year, Loop & Tie from Austin presented and has since raised $850,000 and created eight jobs.
Chiron represents Austin’s fast growing medical technology startup industry. The company focuses on working with small physician practice groups of up to 50 doctors. It works to increase efficiency for the doctors as well as generate additional revenue. Right now, a phone call with a patient is not reimbursable from insurance companies. But a telemedicine conference via smartphone, tablet or computer is. Chiron’s platform works on both Android and iOS devices and on the web. It helps patients who might have a chronic disease like Diabetes manage their health better, Kolb said. It can also save patients a trip into the office just to get a prescription renewed. The doctor can often handle it easily through a telemedicine consultation, Kolb said.
Chiron participated in Capital Factory’s accelerator program.
“We’re really thankful for Capital Factory,” Kolb said. “We’re really excited to be on a national stage.”