Medinas Closes $5M in Seed Funding Led by NFX to Save Hospitals Money by Creating a Used Equipment Marketplace Powered by Modern Asset Management Software

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Summary

BERKELEY, Calif.--(BUSINESS WIRE)--Medinas, a technology-driven asset management company for hospitals, today announced the close of a $5 million oversubscribed seed funding round led by NFX. “We’re the first to empower hospitals with modern software to manage their equipment inventory and remarketing programs,” said Chloe Alpert, co-founder and CEO of Medinas. “This is a classic market network, we have hundreds of thousands of businesses exchanging billions of dollars of value offline. “We have 15 years of learning how to empower people using software to make transactions just like this.” “Streamlining equipment procurement and remarketing is top of mind for hospital boards,” said Charles Hudson, Managing Partner at Precursor Ventures. Medinas is finally bringing modern software to the table to solve this problem as many other industries have already experienced.” Based in Berkeley, California, Medinas is a marketplace and technology-driven asset management platform that helps health care organizations of all types to resell and redeploy their pre-owned medical equipment and supplies.

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Amount $5.0M Total raised
Date October 22, 2019 Announcement date
Investors - Lead investors
Company - Funded company

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