The Launch Place announces $250,0000 investment in iScribes

Danville-based The Launch Place announced Friday it has invested $250,000 in iScribes, a mobile application that makes it easier for doctors to record encounters with patients.

The application takes notes for health-care providers while they’re interacting with patients. Doctors then review and approve the notes. The Durham, N.C.-based company says physicians spend 40 percent of their time documenting patient encounters, which can reduce time for patient care.

“Virtual medical scribes enable providers to conduct patient encounters naturally and efficiently with exceptionally high-quality documentation,” Dr. Jared Pelo, co-founder and CEO of iScribes, said in a statement.

The Launch Place led the syndication of this deal. Triangle Angel Partners II LLC (TAP II), an angel investment fund based in North Carolina’s Research Triangle Park co-invested in the deal, bringing the total investment to $410,000.

The Launch Place aims to assist with entrepreneurship and business development in Danville, Pittsylvania County and Caswell County, N.C. It offers businesses funding, consulting, and residential and office subsidies.
 

Dr. Jared Pelo photo courtesy The Launch Place.