ABILTO Closes $6M Series B Financing

AbilTo, Inc., a New York, NY-based provider of remotely delivered, behavior interventions for high-cost medical populations, closed a $6m Series B financing.

The round was led by BlueCross BlueShield Venture Partners and Sandbox Industries, with participation from existing investor .406 Ventures. In conjunction with the funding, Tom Hawes, Sandbox Industries managing director, will join AbilTo’s board of directors.

CEO and founder Michael Laskoff told FinSMEs “We plan to use the funding to grow faster and further our ability to reach people who would benefit from our program. Right now we have a 2/3 graduation success rate and we want to build on that“.

Led by Laskoff, AbilTo uses data to identify members of high-cost medical populations with the highest propensity to change their behaviors then empirically measures this change and provides transparency to validate both improved health outcomes and payor savings.

Through its partnership with Aetna, the company offers its services, which are delivered remotely and securely using a video link or telephone, to more than 12 million healthcare recipients in 50 states and thousands of people are currently using the program.

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