TEXO Ventures

TEXO Ventures, founded in 2009 and based in Austin, Texas, focuses on investing in and nurturing innovative healthcare companies. The firm prioritizes supporting passionate entrepreneurs and targets a variety of sectors within the healthcare industry, including healthcare IT, technology-enabled health services, managed care, medical devices, diagnostics, and personalized medicine technology. By making seed, early, and later-stage investments, TEXO Ventures aims to foster advancements that can significantly impact the healthcare landscape.

Randall Crowder

Co-Founder and Managing Partner

29 past transactions

BetterDoctor

Series B in 2017
BetterDoctor, Inc. is a company based in San Francisco, California, that specializes in developing web and mobile applications to assist users in finding healthcare providers. Founded in 2011, BetterDoctor allows users to specify the type of doctor they need and select their insurance plan to view a list of verified healthcare professionals. The company's platform provides accurate provider data to health plans, health systems, and various organizations through its API, facilitating the search for doctors and improving healthcare access. BetterDoctor's services have reached millions of users, powering numerous health plans and companies by enhancing the transparency and reliability of doctor data. As of June 2018, BetterDoctor operates as a subsidiary of Quest Analytics, L.L.C.

Wenzel Spine

Series B in 2016
Wenzel Spine, Inc. is a medical technology company dedicated to developing innovative diagnostic and minimally invasive surgical solutions for spinal disorders. By focusing on advanced medical devices, the company aims to enhance the quality of spine care through simplified procedures and reduced recovery times. Wenzel Spine's surgical systems are designed to empower surgeons in their treatment efforts, ultimately facilitating quicker recovery for patients while improving overall outcomes in spinal care.

SchoolCare

Debt Financing in 2016
SchoolCare is a digital health platform dedicated to enhancing pediatric healthcare in K-12 public schools. By providing free health technology, it assists school nurses in delivering effective care and ensuring student safety. The platform captures essential health information, including student medical charts, medications, and immunizations, while facilitating communication between schools, families, and healthcare providers. This connectivity allows for timely alerts about health events and supports the efficient operation of public school health programs. By addressing gaps in traditional care coordination, SchoolCare aims to improve health outcomes for children, ensuring that they receive consistent and comprehensive care throughout their school experience.

Televero Health

Venture Round in 2015
Televero Health is a care management platform designed to serve Medicare and complex chronic populations, specializing in telehealth services. The company collaborates with Medicare Advantage plans to manage high-risk chronic patients and community-based behavioral health providers, focusing on effective treatment for addiction. Televero Health's cloud-based, HIPAA-compliant platform offers a variety of telehealth capabilities, including virtual consultations, remote patient monitoring, and a 24/7 navigation service for proactive follow-ups. By providing accessible behavioral health and addiction care, Televero Health aims to enhance the quality of care, reduce hospital readmissions, and facilitate seamless connections between patients and their care teams.

Ortho Kinematics

Venture Round in 2015
Ortho Kinematics, Inc. is a healthcare diagnostics company based in Austin, Texas, specializing in spine imaging informatics. Established in 2006, it develops advanced diagnostic technology solutions for assessing spinal instability. The company offers the KineGraph Vertebral Motion Analyzer, an automated system that utilizes fluoroscopy to capture spine motion, generating patient-specific graphs that aid clinicians in diagnosing and treating back and neck pain. Additionally, Ortho Kinematics provides cloud-based analysis of instability testing results along with video X-ray imaging services through its imaging center. The company's innovations support spine clinicians by delivering critical insights into spinal health.

IsoStem

Series A in 2015
IsoStem develops tools that support creating and editing radio programs and music productions. It commercializes a proprietary bone marrow autograft concentration system that is not only automated and disposable but also reduces the risk of infections and complications during medical procedures by eliminating the need for costly centrifuges and additional personnel in the operating room. The name ISOSTEM stands for innovative audio tools for professional use in the fields of broadcasting, production, and post-production. The ISOSTEM products are developed in close cooperation with the French audio expert Antoine Hurtado and DSPECIALISTS as the executive development and sales company.

SwipeSense

Series B in 2015
SwipeSense, Inc. is a healthcare technology company based in Chicago, Illinois, specializing in hand hygiene solutions and real-time data analytics for the healthcare industry. Founded in 2011, the company provides a range of products, including portable and wall-mounted hand hygiene dispensers, monitoring badges, and data hubs. Their platform integrates various applications such as electronic hand hygiene monitoring, real-time asset tracking, and nursing insights, allowing healthcare facilities to streamline operations and access core metrics without navigating multiple systems. By leveraging location-aware applications and intelligent sensors, SwipeSense aims to enhance patient safety, foster behavior change in hand hygiene practices, and ultimately reduce preventable harm within healthcare settings. The system is designed for easy installation and minimal disruption to hospital staff, contributing to improved patient outcomes and more efficient care delivery.

Sensentia

Convertible Note in 2015
Sensentia specializes in automating complex tasks within healthcare administration, focusing on improving efficiency and service quality while reducing costs. The company is developing a comprehensive platform and ecosystem of applications aimed at addressing various challenges in the health insurance sector. Its initial product offers a fully automated system designed to manage the vast number of inquiries that insurers receive from members and providers annually. By simplifying the complexity of health insurance information, Sensentia enables clients to deliver accurate and meaningful benefits information, thereby minimizing coverage confusion and enhancing communication in the healthcare landscape.

Ortho Kinematics

Series C in 2015
Ortho Kinematics, Inc. is a healthcare diagnostics company based in Austin, Texas, specializing in spine imaging informatics. Established in 2006, it develops advanced diagnostic technology solutions for assessing spinal instability. The company offers the KineGraph Vertebral Motion Analyzer, an automated system that utilizes fluoroscopy to capture spine motion, generating patient-specific graphs that aid clinicians in diagnosing and treating back and neck pain. Additionally, Ortho Kinematics provides cloud-based analysis of instability testing results along with video X-ray imaging services through its imaging center. The company's innovations support spine clinicians by delivering critical insights into spinal health.

EmployerDirect Healthcare

Series B in 2015
“Surgery Plus has been a valuable benefit in helping us to both reduce our costs and improve the overall perception of our benefit programs to our employees. We have achieved significant savings off of carrier negotiated discounts and the employees have had very positive medical experiences. I highly recommend the program!”

EmployerDirect Healthcare

Series B in 2014
“Surgery Plus has been a valuable benefit in helping us to both reduce our costs and improve the overall perception of our benefit programs to our employees. We have achieved significant savings off of carrier negotiated discounts and the employees have had very positive medical experiences. I highly recommend the program!”

SwipeSense

Series A in 2014
SwipeSense, Inc. is a healthcare technology company based in Chicago, Illinois, specializing in hand hygiene solutions and real-time data analytics for the healthcare industry. Founded in 2011, the company provides a range of products, including portable and wall-mounted hand hygiene dispensers, monitoring badges, and data hubs. Their platform integrates various applications such as electronic hand hygiene monitoring, real-time asset tracking, and nursing insights, allowing healthcare facilities to streamline operations and access core metrics without navigating multiple systems. By leveraging location-aware applications and intelligent sensors, SwipeSense aims to enhance patient safety, foster behavior change in hand hygiene practices, and ultimately reduce preventable harm within healthcare settings. The system is designed for easy installation and minimal disruption to hospital staff, contributing to improved patient outcomes and more efficient care delivery.

IsoStem

Series A in 2014
IsoStem develops tools that support creating and editing radio programs and music productions. It commercializes a proprietary bone marrow autograft concentration system that is not only automated and disposable but also reduces the risk of infections and complications during medical procedures by eliminating the need for costly centrifuges and additional personnel in the operating room. The name ISOSTEM stands for innovative audio tools for professional use in the fields of broadcasting, production, and post-production. The ISOSTEM products are developed in close cooperation with the French audio expert Antoine Hurtado and DSPECIALISTS as the executive development and sales company.

EmployerDirect Healthcare

Series B in 2014
“Surgery Plus has been a valuable benefit in helping us to both reduce our costs and improve the overall perception of our benefit programs to our employees. We have achieved significant savings off of carrier negotiated discounts and the employees have had very positive medical experiences. I highly recommend the program!”

OpenMarkets

Series A in 2014
OpenMarkets LLC is a collaborative marketplace specializing in capital medical equipment, including clinical items such as anesthesia machines and imaging equipment, as well as commoditized goods like laptops and furniture. Founded in 2010 and based in Skokie, Illinois, the company provides a software-as-a-service (SAAS) platform that enhances budgeting and planning for healthcare providers, improving supply chain visibility into clinician needs and vendor relationships. OpenMarkets also offers outsourced sourcing services and aggregates demand from hospitals to create volume savings opportunities. Its innovative system tracks equipment requirements, facilitating better negotiation and purchasing decisions while charging subscription and transaction fees for its services. Additionally, OpenMarkets has developed a cloud-based mobile engagement platform, indigo, to streamline communication for businesses.

Ortho Kinematics

Series B in 2013
Ortho Kinematics, Inc. is a healthcare diagnostics company based in Austin, Texas, specializing in spine imaging informatics. Established in 2006, it develops advanced diagnostic technology solutions for assessing spinal instability. The company offers the KineGraph Vertebral Motion Analyzer, an automated system that utilizes fluoroscopy to capture spine motion, generating patient-specific graphs that aid clinicians in diagnosing and treating back and neck pain. Additionally, Ortho Kinematics provides cloud-based analysis of instability testing results along with video X-ray imaging services through its imaging center. The company's innovations support spine clinicians by delivering critical insights into spinal health.

OpenMarkets

Series A in 2013
OpenMarkets LLC is a collaborative marketplace specializing in capital medical equipment, including clinical items such as anesthesia machines and imaging equipment, as well as commoditized goods like laptops and furniture. Founded in 2010 and based in Skokie, Illinois, the company provides a software-as-a-service (SAAS) platform that enhances budgeting and planning for healthcare providers, improving supply chain visibility into clinician needs and vendor relationships. OpenMarkets also offers outsourced sourcing services and aggregates demand from hospitals to create volume savings opportunities. Its innovative system tracks equipment requirements, facilitating better negotiation and purchasing decisions while charging subscription and transaction fees for its services. Additionally, OpenMarkets has developed a cloud-based mobile engagement platform, indigo, to streamline communication for businesses.

Televero Health

Series B in 2012
Televero Health is a care management platform designed to serve Medicare and complex chronic populations, specializing in telehealth services. The company collaborates with Medicare Advantage plans to manage high-risk chronic patients and community-based behavioral health providers, focusing on effective treatment for addiction. Televero Health's cloud-based, HIPAA-compliant platform offers a variety of telehealth capabilities, including virtual consultations, remote patient monitoring, and a 24/7 navigation service for proactive follow-ups. By providing accessible behavioral health and addiction care, Televero Health aims to enhance the quality of care, reduce hospital readmissions, and facilitate seamless connections between patients and their care teams.

EmployerDirect Healthcare

Series B in 2012
“Surgery Plus has been a valuable benefit in helping us to both reduce our costs and improve the overall perception of our benefit programs to our employees. We have achieved significant savings off of carrier negotiated discounts and the employees have had very positive medical experiences. I highly recommend the program!”

SwipeSense

Venture Round in 2012
SwipeSense, Inc. is a healthcare technology company based in Chicago, Illinois, specializing in hand hygiene solutions and real-time data analytics for the healthcare industry. Founded in 2011, the company provides a range of products, including portable and wall-mounted hand hygiene dispensers, monitoring badges, and data hubs. Their platform integrates various applications such as electronic hand hygiene monitoring, real-time asset tracking, and nursing insights, allowing healthcare facilities to streamline operations and access core metrics without navigating multiple systems. By leveraging location-aware applications and intelligent sensors, SwipeSense aims to enhance patient safety, foster behavior change in hand hygiene practices, and ultimately reduce preventable harm within healthcare settings. The system is designed for easy installation and minimal disruption to hospital staff, contributing to improved patient outcomes and more efficient care delivery.

Alafair Biosciences

Venture Round in 2012
Alafair Biosciences, Inc. is an early-stage biotechnology company based in Austin, Texas, that specializes in the development and commercialization of biomaterials and biomedical devices aimed at improving internal wound healing. Founded in 2011, the company focuses on creating cross-linked polysaccharide hydrogel films to address post-surgical complications, particularly unwanted soft tissue adhesions or tethering between opposing tissue surfaces. In addition to hydrogel films, Alafair Biosciences develops membranes, bilayers, and injectable gel solutions for applications in scar prevention, wound care, and tissue reconstruction. Their innovative devices facilitate better tendon gliding during the healing process by creating a permeable gelatinous layer around the tissue, which helps reduce friction and inflammation typically observed after surgery.

Ortho Kinematics

Series A in 2011
Ortho Kinematics, Inc. is a healthcare diagnostics company based in Austin, Texas, specializing in spine imaging informatics. Established in 2006, it develops advanced diagnostic technology solutions for assessing spinal instability. The company offers the KineGraph Vertebral Motion Analyzer, an automated system that utilizes fluoroscopy to capture spine motion, generating patient-specific graphs that aid clinicians in diagnosing and treating back and neck pain. Additionally, Ortho Kinematics provides cloud-based analysis of instability testing results along with video X-ray imaging services through its imaging center. The company's innovations support spine clinicians by delivering critical insights into spinal health.

Televero Health

Series A in 2011
Televero Health is a care management platform designed to serve Medicare and complex chronic populations, specializing in telehealth services. The company collaborates with Medicare Advantage plans to manage high-risk chronic patients and community-based behavioral health providers, focusing on effective treatment for addiction. Televero Health's cloud-based, HIPAA-compliant platform offers a variety of telehealth capabilities, including virtual consultations, remote patient monitoring, and a 24/7 navigation service for proactive follow-ups. By providing accessible behavioral health and addiction care, Televero Health aims to enhance the quality of care, reduce hospital readmissions, and facilitate seamless connections between patients and their care teams.

Precedent Health

Series A in 2010
Precedent Health, Inc. is a managed care services provider based in Brentwood, Tennessee. Founded in 2010, the company specializes in forming partnerships with hospitals to create and manage provider networks, including specialty provider networks. As of August 2018, Precedent Health operates as a subsidiary of SpecialtyCare, Inc.

Ortho Kinematics

Venture Round in 2010
Ortho Kinematics, Inc. is a healthcare diagnostics company based in Austin, Texas, specializing in spine imaging informatics. Established in 2006, it develops advanced diagnostic technology solutions for assessing spinal instability. The company offers the KineGraph Vertebral Motion Analyzer, an automated system that utilizes fluoroscopy to capture spine motion, generating patient-specific graphs that aid clinicians in diagnosing and treating back and neck pain. Additionally, Ortho Kinematics provides cloud-based analysis of instability testing results along with video X-ray imaging services through its imaging center. The company's innovations support spine clinicians by delivering critical insights into spinal health.

Ortho Kinematics

Series A in 2010
Ortho Kinematics, Inc. is a healthcare diagnostics company based in Austin, Texas, specializing in spine imaging informatics. Established in 2006, it develops advanced diagnostic technology solutions for assessing spinal instability. The company offers the KineGraph Vertebral Motion Analyzer, an automated system that utilizes fluoroscopy to capture spine motion, generating patient-specific graphs that aid clinicians in diagnosing and treating back and neck pain. Additionally, Ortho Kinematics provides cloud-based analysis of instability testing results along with video X-ray imaging services through its imaging center. The company's innovations support spine clinicians by delivering critical insights into spinal health.

Televero Health

Series A in 2010
Televero Health is a care management platform designed to serve Medicare and complex chronic populations, specializing in telehealth services. The company collaborates with Medicare Advantage plans to manage high-risk chronic patients and community-based behavioral health providers, focusing on effective treatment for addiction. Televero Health's cloud-based, HIPAA-compliant platform offers a variety of telehealth capabilities, including virtual consultations, remote patient monitoring, and a 24/7 navigation service for proactive follow-ups. By providing accessible behavioral health and addiction care, Televero Health aims to enhance the quality of care, reduce hospital readmissions, and facilitate seamless connections between patients and their care teams.

EmployerDirect Healthcare

Series A in 2010
“Surgery Plus has been a valuable benefit in helping us to both reduce our costs and improve the overall perception of our benefit programs to our employees. We have achieved significant savings off of carrier negotiated discounts and the employees have had very positive medical experiences. I highly recommend the program!”

Wenzel Spine

Series A in 2010
Wenzel Spine, Inc. is a medical technology company dedicated to developing innovative diagnostic and minimally invasive surgical solutions for spinal disorders. By focusing on advanced medical devices, the company aims to enhance the quality of spine care through simplified procedures and reduced recovery times. Wenzel Spine's surgical systems are designed to empower surgeons in their treatment efforts, ultimately facilitating quicker recovery for patients while improving overall outcomes in spinal care.
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