University City-based VitalTrax, Zikria Syed’s software startup for clinical trials, is the first company to receive an investment out of that $6 million Philadelphia-focused digital health fund announced last December.

The health IT company obtained $150,000 in seed financing from the fund, which bands together cash from IBX (a subsidiary of Independence Health Group), Ben Franklin Technology Partners and Safeguard Scientifics.

Syed told Technical.ly that the money will be used to support product development and go-to-market efforts. The company currently has 10 employees working out of IC@3401.

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