Medminder
Financials
Estimates*
USD | 2017 |
---|---|
Revenues | 4.6m |
Date | Investors | Amount | Round |
---|---|---|---|
$1.3m | Series A | ||
$620k | Grant | ||
N/A | $850k | Early VC | |
N/A | $1.0m | Early VC | |
N/A | $500k | Early VC | |
N/A | Early VC | ||
N/A | $610k | Early VC | |
N/A | $6.5m | Early VC | |
$40.0m | Growth Equity VC | ||
* | $25.0m | Debt | |
* | $10.0m | Late VC | |
Total Funding | $61.3m |
Recent News about Medminder
EditMedMinder operates in the healthcare technology sector, focusing on medication management solutions for the elderly. The company offers automated pill dispensers that help seniors maintain their independence by ensuring they take their medications on time. These dispensers are designed to be user-friendly, featuring built-in cellular and Wi-Fi connectivity for easy setup and monitoring. In addition to the dispensers, MedMinder provides a pharmacy service that pre-organizes and delivers prescriptions directly to customers' doors, offering a comprehensive medication management solution. The primary clients are elderly individuals and their caregivers, who benefit from the enhanced safety and convenience of the system. MedMinder's business model revolves around the sale of its pill dispensers and subscription-based pharmacy services. Revenue is generated through direct sales of the devices and recurring subscription fees for the pharmacy service. The company operates in the healthcare market, specifically targeting medication adherence and elderly care.
Keywords: automated pill dispensers, elderly care, medication management, pharmacy service, healthcare technology, medication adherence, user-friendly, cellular connectivity, Wi-Fi connectivity, subscription-based.