John Kessler
Old Line Capitalis a venture company headquartered in Bowie, Maryland. Co-led Porter’s $4.5 million seed funding round, A Miami-based company that provides wellness and home services to convalescent patients.Other investors in the round included Baltimore and New York-based investors Grit Capital Partners JLC Family Office in Arizona.
“OLC believes the market will benefit from Porter’s more advanced technology and a more member-centric model of care. John KesslerGeneral Partner of Old Line, who oversaw the Porter trade.
Paul PalmieriManaging Partner of Grit Capital . This gives the company a great deal of trust from its members with “risk alignment and a deep understanding of the payer ecosystem,” he added.
Porter’s Founder and CEO said: John CriswellA native of Maryland and a graduate of Johns Hopkins University. “Having their wisdom and financial support as we grow positions us well to deliver the model we are building here at Porter.”
A 25-year industry veteran with executive experience, Criswell founded Porter after a “live” experience when he was injured at home in 2020. Here’s an interview with Porter about starting Porter to “stretch and piece together disparate systems throughout the home transition.”
Porter uses AI and advanced technology to anticipate and tailor patient needs across personalized services, clinicians, laboratory tests, and medical products. It also created a market of service and care providers, enabling patients to purchase “quality services and products vetted based on their current diagnosis.” At-home assessments with lab and diagnostic tests are also available for patients.
“By reconciling the complexity of each unique care journey, Porter bridges the gaps that have the greatest impact on quality measurement, total cost of care, and risk adjustment while delivering member-centered care.” said the company.
Founded in 2018, Old Line has 13 general partners and 22 limited partners. In mid-2022, we have raised $5.3 million in funding, focusing on seed, pre-seed, and bridge rounds for various startups. Portfolio companies typically raise between $100,000 for him and $500,000 for him.
In its early days, Old Line focused on cybersecurity and had two hits with Attila Security and Privva, both of which exited through acquisitions. The company has since changed its tactics and is looking to build a broader investment portfolio. Besides Porter, Old Line’s portfolio also includes veteran investment platform LocalVest and SharpRank, dubbed Morningstar for sports betting.
“Our goal is not to write a check and walk away.” Jerry ShepherdsOld Line’s general partner and former adjunct professor at Johns Hopkins University told Business Journal. “Our goal is to stay engaged and be a mentor and sounding board.”
Ol Line’s other portfolio companies include Sweft, Liatris, CarrTech, Rose Health, BreachBits, KaloCyte and Hushmesh.