# Delaware Medrium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/delaware-medrium

- Industry: Healthcare IT
- Headquarters: Morristown, US
- Website: www.medrium.com
- Total disclosed funding: $13M
- Latest round: Series C (Sep 16, 2008)
- Investors on record: 5

## About

Medrium, Inc. is a healthcare technology company that specializes in digital health solutions, offering platforms for patient management, telemedicine, and electronic health records to improve clinical outcomes and enhance service delivery.Medrium, Inc. operates in the healthcare technology sector, providing innovative digital health solutions. The company is headquartered in Morristown, US. Medrium recently raised USD 10.460 mn in a Series C funding round with participation from Mosaix Ventures, NGN Capital, Special Investment Fund, and TPE Boulder. The total amount raised to date is USD 10.460 mn. The founder has a history in the healthcare industry and has been pivotal in Medrium's growth and strategic direction.Medrium.com specializes in providing innovative solutions that address critical needs in healthcare technology. Their core product offerings include a comprehensive suite of digital health platforms designed to streamline patient management and improve clinical outcomes. These platforms facilitate telemedicine services, electronic health records (EHR) management, and patient engagement tools, empowering healthcare providers to deliver efficient and effective care. Customers of Medrium include hospitals, outpatient clinics, and private practice providers, all of whom utilize these tools to enhance service delivery and patient experiences. The company's offerings are available in key geographical markets such as North America and Europe, where they aim to meet the growing demand for digital health solutions among healthcare professionals and organizations.Medrium.com generates revenue through a structured model that incorporates various transaction types including subscriptions and direct sales. Clients typically engage with Medrium on a subscription basis, accessing ongoing software updates and support for their healthcare platforms. This model allows for predictable revenue streams as hospitals and clinics renew their contracts annually. The company also engages in direct-to-consumer sales for certain software applications designed for patient use, which broadens their market reach. Pricing plans are tiered based on the scale of implementation, with flagship products tailored for both large healthcare systems and smaller practices, ensuring that Medrium can cater to a diverse client base while maintaining robust revenue generation.Medrium plans to expand its product suite by launching new features tailored to enhance patient engagement and streamline healthcare administration. The company is also targeting expansion into new geographic regions beyond North America and Europe by the end of 2024, focusing on emerging markets in Asia and Latin America. The recent funding of USD 10.460 mn will be utilized to support these growth initiatives, including product development and market entry strategies. Advantedge Healthcare Solutions, previously a stakeholder, exited its investment in Medrium, indicating a shift in ownership dynamics.

## Funding rounds

- Series C, Sep 16, 2008, $10M — TPE Boulder, NGN Capital, Mosaix Ventures, Special Investment Fund
- Series C, Feb 26, 2004, $3M — Angel Investors

## Investors

- Angel Investors (https://capitalatlas.ai/funds/angel-investors) — Series C
- TPE Boulder (https://capitalatlas.ai/funds/tpe-boulder) — Series C
- NGN Capital (https://capitalatlas.ai/funds/ngn-capital) — Series C
- Mosaix Ventures (https://capitalatlas.ai/funds/mosaix-ventures) — Series C
- Special Investment Fund — Series C