Hybrent
Latest round
- Seed
Last raised
- Mar 2017
Total raised
- $2.8M
Investors
- 3
About Hybrent
Founded in 2012 in Bloomington, US, Hybrent, Inc. provides a platform for healthcare supply chain management. The company experienced a strategic pivot when it was acquired by Procurement Partners, LLC in September 2021. This acquisition aimed to enhance Hybrent's growth and extend its vendor base.Hybrent provides a comprehensive supply chain management platform designed for healthcare organizations, focusing on procurement, inventory management, and invoicing. The core product offerings include an easy-to-use software system that integrates seamlessly with most accounting and clinical applications, enhancing purchasing efficiency and inventory visibility. The platform allows healthcare providers to manage their supplies in one location, facilitating processes such as comparison shopping, order automation, and template management based on physician preferences.Hybrent generates revenue through a subscription-based model, where clients pay for access to its software services. Transactions occur on a Business-to-Business (B2B) basis, with healthcare organizations subscribing to the platform to enhance their supply chain management capabilities. The service structure includes tiered pricing plans based on the features utilized, allowing clients to select offerings that best meet their operational needs. Flagship services include automated procurement processes, invoice management, and real-time reporting, which provide actionable insights into spending habits.Following its acquisition in September 2021, Hybrent is set to leverage the resources of Procurement Partners, LLC to expand its vendor base and technology expertise. The company aims to develop new products designed to enhance its platform's capabilities, with specific timelines for launch yet to be detailed. Additionally, Hybrent plans to explore new geographic markets, particularly targeting increased penetration in various regions across the United States.50 mn will be utilized to support these strategic initiatives and facilitate the growth objectives outlined.
Who invested in Hybrent
3 investors across 3 rounds
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Questions about Hybrent
Who invested in Hybrent?
Hybrent has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hybrent raised?
Hybrent has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Hybrent last raise money?
Hybrent's most recent round on record is a Seed, in Mar 2017.
What does Hybrent do?
Founded in 2012 in Bloomington, US, Hybrent, Inc.
Where is Hybrent headquartered?
Hybrent is headquartered in Bloomington, US.
Which VCs invest in companies like Hybrent?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Hybrent's stage. Their profiles are linked below.
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