UPDATE 3/14/21: This November article in the Philadelphia Business Journal describes what’s going on at Tendo Systems, though the name hadn’t been revealed publicly yet at the time.
Jefferson Health and VC firm General Catalyst are backing Tendo. “The goal is to try to build a defining software company for health care that has the DNA of an elite health care company like Jefferson and the DNA of an elite technology company like ours,” Hemant Taneja, managing director of General Catalyst, told the Business Journal.
Dr. Stephen Klasko, CEO of Jefferson Health and president of Thomas Jefferson University, is involved in the Jefferson /General Catalyst partnership.
“We have created a digital health company that will be based in Philadelphia and [focus on] health assurance for people across the country,” Klasko told PBJ.. “The center of the universe for this will not be in the Silicon Valley, it will be in Philadelphia.”
Its important to understand that General Catalyst is not only acting as a typical VC firm, but is working with Jefferson to help plan the venture before it launches.
Klasko and Taneja co-authored a book last year, UnHealthcare: A Manifesto for Health Assurance, describing their joint vision.
There’s a new digital health startup based in Philly that may turn out be a big deal. Its got a name now but is still in stealth, with 24 employees listed on LinkedIn. Named Tendo Systems, its got multiple people from places like Veeva Systems and Jefferson Health.
Dan Goldsmith is CEO. After reaching the position of EVP at Veeva Systems, he became President & CEO at Instructure, the Canvas learning management system company. He resigned in March of last year after a somewhat tumultuos period, as Instructure agreed to a $2 billion buyout by PE giant Thoma Bravo.
His sister, Jennifer Goldsmith, is President of Tendo. She also served Veeva, as Senior VP, and as strategy chief at Instructure. At Veeva, she played a key role in the development of its Vault product line.
At this point, Tendo describes itself in generalities such as the following:
“At Tendo, we believe in a world where software can create frictionless healthcare experiences for patients, caregivers, and providers. Stay tuned to see what we are dreaming up!”
Tendo is a word that has meaning in both in Latin and Japanese.
I checked the usual places to find any venture capital funding, but came up empty.
More as I learn of it.