Health data integration company Bridge Connector will cease operations on Dec. 31, a move resulting in 154 employee layoffs.
The closing will come a mere three months after the Nashville-based company secured $25.5 million in Series B funding led by its main investor, Axioma Ventures (read more on that here). That figure brought the 2017-founded Bridge Connector’s funding total to $45 million.
According to a document filed with the Tennessee Department of Labor and Workforce Development, the employees being laid off are not represented by a collective bargaining agreement.
Bridge Connector has seen a busy 2020. In April, it announced another $10 million in funding from Axioma Ventures. In addition, and for the year, the company had hired 35 employees at that point.
In October, Bridge Connector, for which David Wenger serves as CEO, announced a partnership with California-based data cloud company Snowflake. The company also was assisting local hospitals with the integration of COVID-19 code related to electronic health records.
Bridge Connector officials could not be reached for comment.