# Hybrent

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hybrent

- Industry: Software
- Headquarters: Bloomington, US
- Website: www.hybrent.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Mar 8, 2017)
- Investors on record: 3

## About

Hybrent, Inc., based in the US, specializes in supply chain management solutions tailored for healthcare organizations, focusing on improving procurement and inventory processes.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. The CEO of Hybrent is Ken Tighe, and the company has successfully completed four deals, raising a total of USD 1.50 mn, with notable investors including Montane Ventures and its latest funding round being a Seed round of USD 1.50 mn.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 primarily serves ambulatory surgery centers, physician offices, management groups, critical access hospitals, and integrated delivery networks across the United States, enabling these entities to streamline their supply chain processes and reduce costs.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. This transactional framework allows for scalable solutions that can adapt to the varying demands of healthcare facilities, ultimately aiming to improve operational efficiency and drive cost savings for clients.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. The recent Seed funding of USD 1.50 mn will be utilized to support these strategic initiatives and facilitate the growth objectives outlined.

## Funding rounds

- Seed, Mar 8, 2017, $1.5M — Montane Ventures
- Seed, Aug 26, 2016, $0.8M — Blume Ventures
- Seed, Jun 10, 2014, $0.5M — GrayCell Ventures

## Investors

- GrayCell Ventures (https://capitalatlas.ai/funds/graycell-ventures) — Seed
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed
- Montane Ventures (https://capitalatlas.ai/funds/montane-ventures) — Seed