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Enzyme Health Raises $1.7M Seed Round

2018-12-05
AUSTIN, TX, Enzyme Health has raised $1.7 million in seed funding.
Enzyme Health is making the gig economy work for the nation's healthcare industry. Founded in 2018, the digital health company aims to make clinical careers as innovative as the industry itself, giving clinicians the ability to work wherever and whenever they want. To support its vision, Enzyme Health raised $1.7 million in seed funding.

Enzyme Health offers a unique two-sided telehealth job marketplace. Within it, 90% of available positions enable clinicians to work remotely. Machine-learning matches doctors and nurse practitioners with positions that suit their expertise and availability, meaning they can work full-time or part-time and on their own schedules.

"Traditional healthcare jobs require spending 50-80 hours per week in a hospital, which often means clinicians give up work-life balance and doing the things they enjoy," said Enzyme Health co-founder and CEO Michelle Davey. "We started Enzyme Health after speaking with hundreds of doctors who wanted more career flexibility, but couldn't find the time, resources or job opportunities to make that a reality."

In addition to offering flexible career paths, Enzyme Health focuses on partnering with innovators in the digital health space that strive to change the current status quo of the healthcare industry. Enzyme Health helps companies like Doctor on Demand, MDLive, InTouch Health, Hims/Hers and Parsley Health scale their offerings nationwide, filling open telehealth roles with high-quality talent. Further, Enzyme Health makes recruiting more efficient for healthcare companies, which yields better care and convenience for patients.

Silverton Partners led Enzyme Health's seed funding alongside private investors. Based in Austin, TX, the VC firm works with entrepreneurs in high-growth industries to build lasting companies.

"The digital healthcare industry is growing exponentially, and companies like Enzyme Health are leading the way," said Morgan Flager, General Partner at Silverton Partners. "We believe in the team's ability and vision to greatly influence the future of this industry, creating a new standard for how doctors and healthcare companies work. We look forward to Enzyme Health's continued success."

Co-founders Michelle Davey, Griffin Mulcahey and Philip Johnson are building a team of experts in the digital healthcare and recruitment space. With a deep understanding of the market, its challenges and trends, they're prepared to help clinicians navigate the evolving healthcare landscape.

"We want to become the backbone of the digital healthcare industry," Davey said. "Soon, every healthcare encounter will start with some form of telehealth, whether it's a video consultation, an AI-driven symptom checker, or a smart wearable device. By connecting clinicians with these opportunities, it becomes possible to transform the way they work and to offer more work-life balance than they've ever had."

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About Enzyme Health:
Enzyme Health is changing the way healthcare works. Enzyme connects top clinical talent to innovative healthcare companies, offering clinicians more career flexibility. Current clients include top telemedicine companies like Doctor on Demand, MDLive, Hims / Hers, Intouch Health, and Parsley Health. For more information, visit http://www.enzymehealth.com.

About Silverton Partners
From idea to exit, the Silverton team works with exceptional entrepreneurs who are committed to attacking growth markets and building lasting companies. In partnering with Silverton, companies benefit from its deep network and lessons learned over many decades of operating and investing experience. Founded in 2006, Silverton Partners is based in Austin and has been the initial investor behind Convio, WP Engine, SpareFoot, SailPoint, Silicon Labs, TurnKey, The Zebra, AlertMedia, SpyCloud, Convey, Aceable, Big Squid, and Billie among many others. CB Insights has recognized Silverton as the most active venture capital firm in Texas. For more information, visit http://www.silvertonpartners.com.
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