# Medal

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

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.medal.com
- Total disclosed funding: $5.8M
- Latest round: Seed (Nov 21, 2017)
- Investors on record: 7

## About

Medal, Inc. is a technology company focused on enhancing digital engagement through innovative solutions that streamline communication and collaboration for businesses across various sectors.Founded in 2015 and headquartered in San Francisco, US, Medal, Inc. specializes in developing digital tools that facilitate real-time communication and collaboration. The company has engaged in 5 deals to date, with a notable Seed round of funding amounting to USD 2.00 mn raised from investors like 8VC and Draper Associates on July 28, 2020. In July 2020, Medal was acquired by Ciox Health LLC, a portfolio company of Merck Global Health Innovation Fund and New Mountain Capital.Medal specializes in innovative solutions designed to enhance digital engagement and streamline user interactions across various platforms. Their core offerings include a suite of digital tools that facilitate real-time communication and collaboration for businesses, effectively addressing the challenges of remote engagement and information sharing. The products serve a diverse clientele that includes enterprises from sectors such as education, healthcare, and corporate training, enabling them to foster productive relationships with their end-users. These solutions were released in stages, reflecting a commitment to iterative improvement based on user feedback and technological advancements. Medal's products are marketed in North America, Europe, and the Asia-Pacific regions.Revenue for Medal is primarily generated through a subscription-based model, allowing clients to access its suite of products on a recurring basis. This model supports various customer relationships, including partnerships with educational institutions and corporate clients who utilize the platform for training and communication purposes. Transactions accommodate both direct-to-consumer sales and B2B engagements, ensuring flexibility for different types of users. Pricing plans align with the scale of usage, providing tailored options for small businesses and larger enterprises, thereby establishing a sustainable revenue stream through ongoing client relationships and service renewals.Medal plans to innovate further by designing new products aimed at enhancing digital engagement, although specific release dates are not disclosed. The company is focused on expanding its presence in new markets, targeting the European and Asia-Pacific regions for further growth. Recent funding will be utilized to support these initiatives, particularly in enhancing their product offerings and scaling operations to meet increased demand following the acquisition by Ciox Health LLC.

## Funding rounds

- Seed, Nov 21, 2017, $2M — Founders Fund, ZhenFund, Draper, 8VC, KittyHawk Ventures
- Seed, May 1, 2017 — DN Capital, Alpha Edison
- Seed, May 12, 2016, $3.8M — Founders Fund, ZhenFund, Draper, 8VC

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed
- Draper (https://capitalatlas.ai/funds/draper) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Seed
- Alpha Edison (https://capitalatlas.ai/funds/alpha-edison) — Seed
- KittyHawk Ventures (https://capitalatlas.ai/funds/kittyhawk-ventures) — Seed