Blockchain healthcare startup Decent have today announced that they have raised $8 million in investor funding to realize their goal of “providing affordable healthcare for all.” A number of investors contributed to the fundraising, led by Foundation Capital (pre-seed round lead) and Menlo Ventures (seed round lead). As they gear up for a 2019 launch of their blockchain service, they had this to say following the successful fundraising:
We are deeply thankful to our investors for sharing and supporting our long term mission: to deliver affordable healthcare for all, by aligning stakeholder incentives across healthcare to improve health, reduce costs, and put members at the center of their care. We will use crypto and blockchain technology to better serve our members.
Behind the Scenes at Decent
Decent is headed by Nick Soman (CEO), a successful entrepreneur and Michael Lapinski (CTO) and Richard Luck (COO), who both provide the tech and blockchain know-how. The peer-to-peer healthcare protocol has been driven forward by Soman, who suffered a serious illness a while back, and wants to ensure that ordinary citizens can afford treatment if they too are struck down. Soman said:
Americans spend $3,000,000,000,000 per year on healthcare. That’s three trillion. I had to look it up to confirm. Most experts think 25% of that is waste and “administrative overhead.” And it’s getting worse. Freelancers like me are seeing our premiums rise by more than 20% per year.
We will have more on this story at Bitrazzi.com as it develops ahead of the anticipated 2019 launch of Decent’s blockchain healthcare services.